Practice Test Geeks(CCM) Certified Credit Manager Practice Test
← All CCM Flashcard Decks

Project Management Fundamentals Flashcards

7 cards from real CCM practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.

Read the first 7 Project Management Fundamentals flashcards as text

  1. A CCM candidate is reviewing a project plan that shows Task B cannot start until Task A is 50% complete. What type of dependency relationship is this?

    Answer: Start-to-Start (SS) with lag

    A Start-to-Start relationship with lag means the successor can begin only after the predecessor has partially started and progressed.

  2. Which technique compresses the project schedule by performing activities in parallel that would normally be done sequentially?

    Answer: Fast tracking

    Fast tracking overlaps activities that were originally planned to be done sequentially, reducing total schedule duration.

  3. A credit manager overseeing a project notices that the team is consistently gold-plating deliverables. What is gold-plating in project management?

    Answer: Adding features not requested in the scope to exceed expectations

    Gold-plating occurs when the team adds unrequested features or enhancements beyond the agreed project scope.

  4. When establishing a project budget for a new credit analytics platform, the project manager includes management reserves. What is the purpose of management reserves?

    Answer: To fund unknown unknowns and unforeseen work within project scope

    Management reserves are budget set aside for unknown unknowns — unforeseeable work that may emerge within the project scope.

  5. A project stakeholder analysis reveals a high-power, low-interest stakeholder. What is the recommended engagement strategy?

    Answer: Keep satisfied with high-level communications

    High-power, low-interest stakeholders should be kept satisfied without burdening them with excessive detail.

  6. During project execution for a credit platform upgrade, the quality control process identifies 20 defects. A Pareto chart shows 16 defects stem from 3 root causes. This illustrates which principle?

    Answer: 80/20 rule (Pareto principle)

    The Pareto principle (80/20 rule) states that roughly 80% of effects come from 20% of causes.

  7. A project manager is preparing an Estimate to Complete (ETC) for a credit system project using the typical performance assumption. If BAC = $200,000 and EV = $80,000 and AC = $100,000, what is the ETC?

    Answer: $150,000

    ETC = (BAC − EV) / CPI; CPI = EV/AC = 80,000/100,000 = 0.8; ETC = 120,000 / 0.8 = $150,000.