Understanding Project Management Essentials

What is the primary purpose of a Gantt chart in project management?

• To allocate project resources

• To track project timelines and progress

• To manage project risks

• To define project scope

Which of the following is NOT considered a project resource?

• People

• Equipment

• Time

• Materials

What is the main objective of project risk management?

• To eliminate all risks

• To identify, assess, and prioritise risks

• To increase project costs

• To delay project timelines

Which document outlines the boundaries and deliverables of a project?

• Project budget

• Project scope document

• Project risk register

• Project Gantt chart

What is the primary focus of a project budget?

• To track project timelines

• To allocate financial resources

• To manage project risks

• To define project scope

Which of the following is a key factor in ensuring effective project meetings?

• Having no agenda

• Inviting as many people as possible

• Setting clear objectives and outcomes

• Allowing meetings to run indefinitely

In project management, what is the term used for the process of acquiring the necessary resources for a project?

• Resource allocation

• Resource procurement

• Resource scheduling

• Resource evaluation

Which of the following is a common method for assessing project risks?

• SWOT analysis

• Gantt chart

• Budget forecasting

• Scope definition

What is the typical unit of measurement for project budgets in the UK?

• Dollars

• Euros

• Pounds Sterling

• Yen

Which of the following is a benefit of using a Gantt chart in project management?

• It helps in identifying project risks

• It provides a visual timeline of the project

• It defines the project scope

• It allocates financial resources