C783 ITEC 5320 Project Management COMPREHENSIVE FA GUIDE 2024 1. Multiple Choice: What is the primary goal of Agile Project Management? a) To control project costs b) To ensure project quality c) To manage project risks d) To accommodate changes in project scope Correct Answer : d) To accommodate changes in project scope Rationale: Agile Project Management focuses on continuous improvement, scope flexibility, team input, and delivering essential quality products. 2. Fill -in-the-Blank: The _______ model is a traditional project management approach where a project is div ided into sequential phases, with each new phase beginning only when the previous one has been completed. Correct Answer : Waterfall Rationale: The Waterfall model is a linear and sequential approach to project management and is characterized by its d istinct phases. 3. True/False: The Critical Path Method (CPM) is a technique that allows for the identification of the shortest path to complete a project and the minimum time required to complete it. Correct Answer : True Rationale: CPM is a step -by-step project management technique for process planning that defines critical and non -critical tasks. 4. Multiple Response: Which of the following are recognized as constraints in project management? (Select all that apply) a) Scope b) Budget c) Quality d) Stakeholder satisfaction Correct Answer s: a) Scope, b) Budget, c) Quality Rationale: Scope, budget, and quality are the three primary constraints in the project management triangle. Stakeholder satisfaction is a key objective but not co nsidered a constraint. Multiple Choice: In project management, what does the acronym 'SMART' stand for? a) Specific, Measurable, Achievable, Relevant, Time -bound b) Simple, Manageable, Attainable, Realistic, Timely c) Strategic, Marketable, Applicable, Retrievable, Traceable d) Systematic, Measurable, Aligned, Recorded, Timed Correct Answer : a) Specific, Measurable, Achievable, Relevant, Time -
bound Rationale: SMART is a set of criteria for setting clear, attainable goals within a specified time frame.
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