Project Management Terms Assessment

What is a milestone in a project?

• A milestone is a financial budget for a project.

• A milestone is a significant point or event in a project.

• A milestone is a daily task in a project.

• A milestone is a type of project management software.

Define the term deadline.

• A deadline is a guideline for task prioritization.

• A deadline is a time limit for completing a task.

• A deadline is a suggestion for when to start a task.

• A deadline is an optional timeframe for project completion.

How do you measure progress in a project?

• Measuring the budget spent

• Counting the number of team members

• Evaluating customer satisfaction only

• Progress in a project can be measured by tracking milestones and KPIs.

What is a deliverable?

• A deliverable is a financial report.

• A deliverable is a meeting agenda.

• A deliverable is a type of software bug.

• A deliverable is a product or output that is delivered to a client or stakeholder.

Explain what a timeline is.

• A timeline is a type of calendar used for scheduling.

• A timeline is a list of random events.

• A timeline is a visual tool that shows events in the order they occurred.

• A timeline is a tool for predicting future events.

What does it mean to update a project?

• To update a project means to delete all previous work.

• To update a project means to revise its details to reflect current status or new requirements.

• To update a project means to start a new project from scratch.

• To update a project means to ignore any feedback received.

What does it mean to postpone a task?

• To start a task without any planning.

• To complete a task immediately.

• To delay or reschedule a task to a later time.

• To ignore a task completely.

How can you tell if a project is on track?

• By tracking KPIs, timelines, budgets, and team feedback.

• By focusing only on individual tasks

• By relying solely on team morale

• By ignoring budget constraints

What are the key stages of a project?

• Initiation, Execution, Evaluation, Termination

• Planning, Monitoring, Execution, Feedback

• Planning, Execution, Review, Closure

• Initiation, Planning, Execution, Monitoring and Controlling, Closure

Why is it important to meet deadlines?

• Deadlines can be ignored if the work is good.

• It is important to meet deadlines to maintain productivity, ensure accountability, and foster trust.

• Meeting deadlines is only important for personal satisfaction.

• Deadlines are irrelevant to project success.