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Principles of Project Management Flashcards

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

Read the first 7 Principles of Project Management flashcards as text

  1. A project manager encounters a situation where a vendor offers a personal gift during contract negotiations. The BEST course of action is:

    Answer: Decline the gift and report it per organizational ethics policies

    Accepting gifts during procurement can create conflicts of interest; ethical standards require declining and reporting such situations.

  2. Which type of project organizational structure gives the project manager the MOST authority over resources?

    Answer: Projectized

    In a projectized structure, team members report directly to the project manager, who controls resources, budget, and priorities.

  3. What is the key difference between a project and an operation in engineering management?

    Answer: Projects are temporary and produce unique outcomes; operations are ongoing and repetitive

    By definition, a project has a defined start and end date with unique deliverables, while operations sustain ongoing business functions.

  4. During project execution, a risk that was not previously identified materializes. This is best described as a:

    Answer: Workaround situation

    A workaround is an unplanned response to an emerging risk or issue that was not identified in the risk register.

  5. A project manager wants to ensure continuous improvement in project quality. Which tool compares a project's process metrics to industry benchmarks?

    Answer: Benchmarking

    Benchmarking compares actual or planned practices to those of comparable projects or industry standards to identify improvement opportunities.

  6. What is the primary output of the 'Close Project or Phase' process?

    Answer: Final product, service, or result transition and lessons learned

    Closing formalize acceptance of the final deliverable, documents lessons learned, and archives project records for organizational knowledge.

  7. In agile project management, what is the purpose of a 'definition of done' (DoD)?

    Answer: A shared team agreement on criteria that must be met before a user story is accepted as complete

    The DoD ensures consistent quality standards across the team by defining measurable completion criteria for user stories or increments.