Demonstrate an understanding of project management Question 1. Which of the following options is not part of

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Demonstrate an understanding of project management

Question 1. Which of the following options is not part of the initiation stage of project management?

Select one:

a. Defining project purpose

b. Establishing regular progress reports

c. Deciding project scope

d. Setting up a team

Question 2. Select the summary elements below that may appear within a Gantt chart.

Select more than one:

a. Create a budget

b. Planning

c. Set up a team

d. Initiation

Question 3. Select the options that best suit the PERT method

Select more than one:

a. Cost varies directly with time

b. Activity duration is fairly accurate and definite

c. Uses the probabilistic approach

d. Uses an event-oriented network

Question 4. A financial budget is created and finalized in the planning stage of a project.

Select one:

True

False

Question 5. You have just organized a successful project, where all the objectives were met. In order to close out the project successfully, you will need to carry out a few more tasks. Select the activities that best fit the closing out process.

Select more than one:

a. Write your recommendations

b. Display a list of acknowledgements

c. Request regular reports from team members

d. Draft an executive summary

Question 6. Which planning method is represented in the table below?

Select one:

a. Gantt chart

b. Work breakdown structure

c. Critical Path Method (CPM)

d. Project Evaluation and Review Technique (PERT)

Question 7. Match each description with the correct term.

Any meetings or reports produced for the planning	Answer 1Choose...Plan of communicationStatement of purposeDeliverablesScope statement
The reason why your project exists	Answer 2Choose...Plan of communicationStatement of purposeDeliverablesScope statement
Describes and details the deliverables and major objectives of the project	Answer 3Choose...Plan of communicationStatement of purposeDeliverablesScope statement
What the project will produce, either tangible or intangible	Answer 4Choose...Plan of communicationStatement of purposeDeliverablesScope statement

Question 8. Consider the following company objective: “Increase sales of the ‘Winter Chill’ textile by 15% before 31 December 20xx.” Is this a SMART objective?

Match the correct component to the relevant objective.

The top-selling fabric	Answer 1Choose...MeasurableAttainableSpecificTimeboundRelevant
Increase sales of “Winter Chill” textile	Answer 2Choose...MeasurableAttainableSpecificTimeboundRelevant
Over the next 6 months	Answer 3Choose...MeasurableAttainableSpecificTimeboundRelevant
Before 31 December 20xx	Answer 4Choose...MeasurableAttainableSpecificTimeboundRelevant
By 15%	Answer 5Choose...MeasurableAttainableSpecificTimeboundRelevant

Question 9. Stakeholders are individuals that own shares in the company and are therefore concerned with the success of any projects extended from that company.

Select one:

True

False

Question 10. It is November and you are preparing a project plan for an office move. The office move will commence on March 31^st the following year. You wish to finalize the planning stage by December 20^th, as this is the day before the company’s staff go on their annual leave. What is the major issue with this plan?

Select one:

a. It is unlikely the planning will be completed the day before staff go on annual leave.

b. Team members will become unmotivated over the vacation period.

c. he time between the planning and execution stages is too far apart.

d. The planning stage has been started too early.