Understanding Project Management Fundamentals

What is the primary focus of project management?

• Managing ongoing business operations

• Achieving specific objectives within a defined timeframe

• Supervising daily staff routines

• Maintaining company policies

Which of the following best describes a project?

• A repetitive, ongoing process

• A temporary endeavour with a unique outcome

• A daily business operation

• A permanent organisational structure

How do operations differ from projects?

• Operations are temporary, projects are ongoing

• Operations are unique, projects are repetitive

• Operations are ongoing and repetitive, projects are temporary and unique

• Operations have a defined end, projects do not

Which of the following is NOT a typical phase in the project life cycle?

• Initiation

• Planning

• Execution

• Termination of employment

Why is project management important for organisations?

• It ensures projects are completed efficiently and effectively

• It increases the number of daily routines

• It eliminates the need for planning

• It reduces the need for communication

Which of the following is a key benefit of engaging stakeholders in a project?

• Decreased communication

• Increased resistance to change

• Improved project outcomes and support

• Reduced project costs only

What is the main purpose of risk management in projects?

• To ignore potential problems

• To identify, assess, and mitigate potential issues

• To increase project costs

• To delay project completion

Which of the following best describes the 'Initiation' phase of a project?

• Completing the project deliverables

• Defining the project’s purpose and scope

• Monitoring project progress

• Closing the project

Who are stakeholders in a project?

• Only the project manager

• Anyone affected by or interested in the project

• Only the project team

• Only external suppliers

Which of the following is NOT a characteristic of a project?

• Temporary duration

• Unique outcome

• Ongoing process

• Defined start and end