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WorksheetsManaging a Successful Business Project Week 1
Total questions: 10
Worksheet time: 2mins
1. What is the first phase of the project lifecycle?
A) Execution
B) Planning
C) Initiation
D) Monitoring
2. What is the role of a project manager?
A) To perform all tasks alone
B) To set the project vision and manage the team
C) To approve all financial decisions
D) To work only with external stakeholders
3. Which of the following is NOT part of the project lifecycle?
A) Initiation
B) Planning
C) Execution
D) Marketing
4. What is the main purpose of a Project Charter?
A) To provide a high-level overview and formally approve the project
B) To detail every single task and step of the project
C) To replace the need for a project plan
D) To track daily progress in a project
5. What is a common reason why projects fail?
A) Clear goals and good planning
B) Poor communication and unclear scope
C) Unlimited budget
D) Too many team members
6. In the airplane project, what was the biggest risk?
A) Running out of materials
B) Building a plane that doesn’t fly
C) Having too many team members
D) The room being to small
7. What does "scope creep" mean in project management?
A) Sticking to the original project scope
B) The uncontrolled expansion of project scope beyond the original plan
C) Keeping all stakeholders happy
D) Reducing the project's budget to save money
8. What is the most important factor in stakeholder management?
A) Communicating effectively and managing expectations
B) Avoiding difficult conversations
Ignoring feedback to stay on schedule
Letting stakeholders make all project decisions
9. What is the best way to manage project risks?
A) Wait until a risk happens before dealing with it
B) Identify risks early and create contingency plans
C) Avoid discussing risks to prevent team panic
D) Assign all risks to one team member
10. Why is project closure an important phase in project management?
A) It allows the team to immediately move to the next project
B) It helps the team avoid future projects
C) It documents lessons learned and marks the project's completion.
D) It reduces the project budget
