What is the purpose of a project quality management plan?
It defines the quality requirements for the project and outlines how the project team will
ensure that these requirements are met.
What does "float" or "slack" mean in project scheduling?
Float or slack refers to the amount of time tha...
What is the purpose of a project quality management plan?
✔✔It defines the quality requirements for the project and outlines how the project team will
ensure that these requirements are met.
What does "float" or "slack" mean in project scheduling?
✔✔Float or slack refers to the amount of time that a task can be delayed without affecting the
overall project schedule.
What is the formula for calculating the Cost Performance Index (CPI)?
✔✔CPI = EV (Earned Value) / AC (Actual Cost).
What is the main difference between project risk and uncertainty?
✔✔Risk refers to situations where the probability of outcomes is known, while uncertainty refers
to situations where the probability of outcomes is unknown.
1
,What is the purpose of a change control system in project management?
✔✔It helps manage changes to the project scope, schedule, and costs, ensuring that any changes
are properly evaluated, approved, and documented.
What is a milestone chart?
✔✔A milestone chart visually represents the major milestones or phases of a project, without
showing the detailed tasks involved.
What is a project baseline used for in project management?
✔✔It is used as a reference point to measure and track project performance, ensuring the project
stays on track with time, cost, and scope.
What is the primary function of the project procurement management plan?
✔✔It outlines how goods and services will be acquired for the project, including vendor
selection, contract management, and procurement processes.
What is a critical chain in project management?
2
,✔✔It is a method of project scheduling that accounts for resource constraints and buffers to
ensure the project is completed on time.
What is the purpose of the project scope statement in project management?
✔✔It defines the work required for the project and sets boundaries to ensure the project stays
focused.
What does the term “critical path” refer to in project management?
✔✔It is the sequence of tasks that must be completed on time for the project to finish on
schedule.
What is a Work Breakdown Structure (WBS)?
✔✔It is a hierarchical decomposition of the total scope of work to accomplish project objectives
and create project deliverables.
What is the difference between a project milestone and a project task?
✔✔A milestone represents a significant event or achievement in a project, while a task is an
individual activity that must be completed to reach that milestone.
3
, What is Earned Value Management (EVM)?
✔✔It is a technique used to assess a project's performance by comparing the planned progress
with the actual work completed.
What does the project charter include?
✔✔It includes the project's objectives, scope, stakeholders, and key deliverables, and serves as
the official document that authorizes the project.
What is the purpose of stakeholder analysis in project management?
✔✔It helps identify all the individuals, groups, or organizations that could impact or be impacted
by the project and manage their expectations.
What is a risk register in project management?
✔✔It is a document used to identify and track risks throughout the life of the project, including
their severity, potential impact, and mitigation strategies.
What is resource leveling in project management?
✔✔It is the process of adjusting the project schedule to address resource constraints and ensure
that resources are used efficiently.
4
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