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PSY302 - Project Management Quiz 2024

Total questions: 15

Worksheet time: 14mins

Name
Class
Date
1.

The application of skills, methods, and various processes to reach a project's objectives is known as _____.

a)

Human Resource Management

b)

Project Management

c)

Time Management

2.

If you could boil down the main goal(s) of project management, it would be to deliver the project _____.

a)

Within scope, budget, and timeline

b)

Without any possibility of risk

c)

With no financial stakes

3.

When you are trying to meet the objectives of project management, you are ultimately trying to ensure that a project is successful. What is the BEST definition of a project? 

a)

The application of experience and management in order to make a company financially successful.

b)

A day-to-day operation (a routine operation).

c)

The ongoing management of a team or effort for an indefinite timespan. 

d)

A temporary venture taken to reach a set of unique and planned objectives that can be defined in terms of output or outcomes.

4.

You are working on a project that is similar in scope to a project performed last year. You might consider which of the following?

a)

Using the previous project’s cost-benefit analysis as justification for this project

b)

Using the previous project’s WBS template

c)

Reusing the previous project’s description when writing the scope statement

5.

This phenomenon can substantially influence the project cost for not much quality gain

a)

Human Resource Planning

b)

Gold Plating

c)

Scope Creep

d)

Activity Sequencing

6.

What are the advantages of using the likelihood/severity risk matrix?

a)

It helps checking the project performance

b)

It focuses decision makers on the lowest priority risks

c)

It provides consistency in prioritising risks

d)

None of the above

7.

What is the definition of a waterfall project style?

A project management approach.....

a)

That uses iterative cycles

b)

Focused on speed of delivery

c)

That uses sequential phases

d)

Focused on collaboration

8.

What are the iterative cycles in Agile / Scrum called?

a)

Sprints

b)

Repeats

c)

Series

d)

Intervals

9.

Waterfall is usually considered less useful for changing projects. However, it is considered adaptable to project team member changes. Why?

a)

High collaboration provides project information

b)

Customer feedback provides project information

c)

Extensive documentation between phases provides project information

d)

Product description provides project information

10.

Which relationships do network diagrams use?

a)

Start-to-finish

b)

Start-to-start

c)

Finish-to-finish

d)

Finish-to-start

e)

All of the above

11.

What technique is useful for managing tasks?

a)

Kanban Board

b)

Affinity Diagram

c)

SWOT Analysis

d)

Relevance Tree

12.

An organisation wishes to ensure that the opportunity arising from risk with a positive impact is realised. The organisation should...

a)

Mitigate risk

b)

Avoid risk

c)

Delegate risk

d)

Exploit risk

13.

Who is a subject matter expert in project management?

a)

An individual with expertise relevant to the project

b)

Someone who will benefit from the project

c)

The person who is funding the project

d)

The project manager

14.

A technique for schedule management is...

a)

SWOT Analysis

b)

RAPID Matrix

c)

WBS (Work Breakdown Structure)

d)

Gantt Chart

15.

The outputs of the close project process include all of the following except for which one?

a)

Formal acceptance

b)

Lessons learned

c)

Negotiate contracts

d)

Celebrate