General Project Management Fundamentals 2 — Questions and Answers
Question 1: Which project management process group is responsible for authorizing a new project or phase?
- Planning
- Initiating (Correct answer)
- Executing
- Closing
Correct answer: Initiating
The Initiating process group formally authorizes a project or phase and produces the project charter.
Question 2: A project manager notices the critical path has changed after a scope change. What should they update first?
- Risk register
- Schedule baseline (Correct answer)
- Stakeholder register
- Quality management plan
Correct answer: Schedule baseline
A scope change that affects task durations or dependencies directly impacts the schedule baseline, which must be updated first.
Question 3: What is the term for the approved version of the project scope statement, WBS, and WBS dictionary?
- Project charter
- Scope baseline (Correct answer)
- Requirements traceability matrix
- Project management plan
Correct answer: Scope baseline
The scope baseline consists of the approved scope statement, WBS, and WBS dictionary and is used to measure scope performance.
Question 4: During project execution, a team member suggests a better technical approach that was not in the original plan. What is the BEST first action?
- Implement the change immediately to save time
- Submit a formal change request (Correct answer)
- Ignore the suggestion to avoid scope creep
- Escalate to the project sponsor
Correct answer: Submit a formal change request
All changes should go through the formal change control process by submitting a change request before any modifications are made.
Question 5: Which estimating technique uses a weighted average of optimistic, pessimistic, and most likely estimates?
- Analogous estimating
- Parametric estimating
- Three-point estimating (PERT) (Correct answer)
- Bottom-up estimating
Correct answer: Three-point estimating (PERT)
Three-point estimating (PERT) uses the formula (O + 4M + P) / 6 to account for estimation uncertainty.
Question 6: What does a negative Schedule Variance (SV) indicate?
- The project is under budget
- The project is ahead of schedule
- The project is behind schedule (Correct answer)
- The project has exceeded scope
Correct answer: The project is behind schedule
SV = EV - PV; a negative value means earned value is less than planned value, so the project is behind schedule.
Question 7: Which document formally closes a project or phase and is signed by the project sponsor or customer?
- Lessons learned register
- Project charter
- Final project report
- Project closure document (Correct answer)
Correct answer: Project closure document
A formal project closure document (or administrative closure package) signed by the sponsor or customer officially closes the project.
General Project Management Fundamentals 2
Which project management process group is responsible for authorizing a new project or phase?