WorksheetsPROJECT MANAGEMENT
Total questions: 20
Worksheet time: 6mins
A __________ is a temporary endeavor undertaken to create a unique product, service, or result
Program
Project
Process
Portfolio
This is a project stage that serves as kickoff phase where problems are defined and the details on what needs to be done.
Initiation Phase/Stage
Planning Phase/Stage
Execution Phase/Stage
Monitoring Phase/Stage
Closure Phase/Stage
Is it vital that any Project requires Project Manager and a Project Team
Yes
No
Which phase involves monitoring project performance?
Planning
Monitoring and Controlling
Closing
Initiation
What is the main purpose of the initiation phase?
Complete the project
Approve and authorize the project
Hire employees
Close the project
What is logistics?
Selling products to customers
Planning, organizing, implementing, and controlling the movement and storage of goods and information
Manufacturing products only
Advertising products
Which of the following is the main purpose of logistics?
To increase product prices
To manage the movement and storage of resources efficiently
To hire employees
To design products
1. What are operational tactics?
Strategies for long-term business growth
Actions used to manage and carry out daily project activities efficiently
Methods for increasing sales only
Financial planning techniques
Which of the following is considered a project resource?
People
Materials
Equipment
All of the above
Communication tactics are used to:
Improve the flow of information among project stakeholders
Increase project costs
Eliminate meetings completely
Delay decision-making
7. Risk management tactics are designed to:
Ignore project risks
Identify, reduce, and respond to project risks
Increase uncertainty
Eliminate project planning
Which of the following is an example of a risk management tactic?
Identifying potential project risks before they occur
Ignoring project issues
Purchasing unnecessary materials
Avoiding communication with stakeholders
What is a project strategy?
A daily project report
A high-level plan that explains how a project will achieve its objectives
A list of project expenses
A team schedule
Project strategy guides decision-making by identifying the project’s:
Purpose, priorities, approach, and resources
Marketing activities only
Employees’ salaries only
Office location
Project scope identifies the....
The project budget only
The work included and excluded from the project
The project team members
The project risks only
Which component includes people, budget, equipment, and materials?
Resources
Timeline
Stakeholder Engagement
Scope
Identifying risks early helps the project team to:
Avoid all planning
Prepare appropriate responses
Increase delays
Remove all stakeholders
A Work Breakdown Structure (WBS) is primarily a:
Budget report
Communication tool
Visual, hierarchical, and deliverable-oriented deconstruction of a project
Financial statement
Why is a WBS considered an essential project planning tool?
It provides entertainment for the team.
It outlines project work from start to finish.
It replaces project managers.
It eliminates project risks.
What does WBS stand for?
Work Business System
Work Breakdown Structure
Workflow Breakdown Schedule
Work Budget Strategy
