Understanding Project Management Fundamentals

What is a key characteristic that distinguishes a project from operations?

• Projects are ongoing and repetitive.

• Projects have a defined start and end.

• Operations have a defined start and end.

• Operations are temporary.

Which of the following is NOT a typical project stakeholder?

• Project manager

• Team members

• Competitors

• Customers

What is the purpose of a work breakdown structure (WBS) in project management?

• To allocate resources

• To define project scope

• To break down tasks into manageable sections

• To schedule project timelines

Which of the following is a common cause of project failure?

• Clear objectives

• Lack of stakeholder engagement

• Adequate resources

• Strong leadership

What is the Mendelow Matrix used for in project management?

• To prioritise tasks

• To assess stakeholder power and interest

• To allocate resources

• To schedule project timelines

Which phase is NOT part of the typical project lifecycle?

• Initiation

• Planning

• Execution

• Termination

Which project management methodology is known for its flexibility and iterative approach?

• Waterfall

• Agile

• PRINCE2

• Six Sigma

What is a primary goal of stakeholder communication in project management?

• To increase project costs

• To ensure stakeholder needs are met

• To delay project timelines

• To reduce project scope

Which of the following is a difference between projects and operations?

• Projects are permanent, operations are temporary.

• Projects are temporary, operations are ongoing.

• Projects have no specific goals, operations do.

• Operations have a defined end, projects do not.

What is the first step in the project lifecycle?

• Execution

• Planning

• Initiation

• Closure