Project Management Concepts Quiz_Round 1

What is an assumption log?

• A place to document lessons learned

• A list of stakeholder needs

• A record of assumptions and constraints

• A communication tracker

What is a fixed price incentive fee (FPIF) contract?

• Buyer pays a fixed amount regardless of performance

• Buyer pays cost plus incentive for early completion

• Seller earns a bonus if performance goals are met

• Buyer reimburses actual costs

What is the difference between corrective and preventive action?

• Preventive is after the fact

• Corrective addresses existing problems; preventive avoids future issues

• Corrective is used for quality

• Preventive is never used in scope

What does the quality management plan define?

• Scope quality

• The audit team

• Project’s quality requirements and standards

• Team qualifications

Which of the following is NOT a tool of the Plan Quality Management process?

• Benchmarking

• Flowcharting

• Affinity diagrams

• Issue log

What is meant by resource leveling?

• Adjusting resources to ensure budget alignment

• Assigning extra resources to critical path

• Resolving overallocation by adjusting start/finish dates

• Shifting tasks to subcontractors

Which estimating technique is most accurate but time-consuming?

• Parametric

• Analogous

• Three-point

• Bottom-up

What does the stakeholder cube help visualize?

• Resource effort

• Stakeholder analysis

• Communication effort

• Workload trends

What is a scope baseline composed of?

• WBS, project scope statement, and WBS dictionary

• Project charter and WBS

• Risk register and quality plan

• Schedule and cost plans

Which of the following is true about product scope?

• Defined by the WBS

• Measured against the project charter

• Features and functions of the deliverable

• Includes only technical requirements