Principles of Project Management Flashcards

A project manager notices that the cost performance index (CPI) is 0.85. What does this indicate?

Answer: The project is getting $0.85 of value for every $1 spent

A CPI below 1.0 means the project is over budget, receiving less value than the money spent.

Which conflict resolution technique is generally considered most effective for achieving long-term resolution in project teams?

Answer: Collaborating (problem-solving)

Collaborating addresses the root cause by incorporating multiple viewpoints to reach a win-win solution.

What is the primary purpose of a responsibility assignment matrix (RAM) such as a RACI chart?

Answer: To map work packages to team members' roles

A RACI chart clarifies who is Responsible, Accountable, Consulted, and Informed for each work package or activity.

A project is in execution when a major stakeholder requests a significant scope change. The FIRST action the project manager should take is:

Answer: Evaluate the impact and submit it through the integrated change control process

All scope changes must be assessed for schedule, cost, and quality impacts before being approved or rejected through formal change control.

In which process group does the project manager formally accept completed deliverables from the project team?

Answer: Executing

Validate Scope, which results in formally accepted deliverables, occurs in the Executing process group.

What does 'management reserve' represent in project cost management?

Answer: A portion of the project budget withheld for unforeseen scope changes

Management reserve is controlled by senior management for unknown unknowns and is not part of the project cost baseline.

Which scheduling technique identifies the longest path through a project network to determine the minimum project duration?

Answer: Critical Path Method (CPM)

CPM calculates the longest path of dependent activities, revealing the minimum time needed to complete the project.