IKM IT Project Management Principles 2

Question 1

What is the critical path in project management?

Accepted Answer

Longest sequence of dependent tasks determining minimum duration

Answer

Path with lowest cost

Answer

Most important deliverable

Answer

Path requiring most resources

Question 2

What is scope creep?

Accepted Answer

Uncontrolled expansion of scope without adjusting time or cost

Answer

Reducing scope to meet deadlines

Answer

Planned scope change

Answer

Moving deliverables to future phases

Question 3

Which methodology uses time-boxed sprints?

Accepted Answer

Scrum

Answer

Waterfall

Answer

PRINCE2

Answer

Critical Chain

Question 4

What is a Work Breakdown Structure (WBS)?

Accepted Answer

Hierarchical decomposition of deliverables into work packages

Answer

List of risks

Answer

Team org chart

Answer

Budget spreadsheet

Question 5

What is earned value management (EVM)?

Accepted Answer

Measuring performance by comparing planned work, completed work, and actual costs

Answer

Team performance reviews

Answer

Software velocity calculation

Answer

Vendor contract management

Question 6

What is a project charter?

Accepted Answer

Formal authorization document with initial requirements and stakeholders

Answer

Detailed project schedule

Answer

List of risks

Answer

Task responsibility assignments