Question 1

Which of these is not a characteristic of a project?

Accepted Answer

Projects are defined by their uniqueness, temporary nature, and often cross-functional teams. The term "low variety" does not accurately describe a characteristic of a project, as projects can vary greatly in scope, size, and complexity.

Question 2

Which is the correct order of the four stages of a project life cycle?

Accepted Answer

The correct order starts with Scoping (defining the project's scope), followed by Planning (detailed planning of how to achieve the project's goals), then Implementation (executing the plan), and finally Evaluation (assessing the project's outcomes and processes).

Question 3

During which phase of a project life cycle is there the highest momentum of work activity?

Accepted Answer

The Implementation phase of a project life cycle typically sees the highest momentum of work activity, as this is when the actual work to deliver the project's outputs is carried out.

Question 4

During which phase of a project life cycle is a work breakdown structure (WBS) developed?

Accepted Answer

The Work Breakdown Structure (WBS) is developed during the Planning phase of a project life cycle. It helps in organizing the team's work into manageable sections.

Question 5

People or organizations affected by a project are called _____________?

Accepted Answer

Stakeholders are individuals or groups that have an interest in the success and outcomes of a project. They can be affected by the project or can influence it but are not limited to customers or associates.

Question 6

What is a Gantt Chart?

Accepted Answer

A Gantt Chart is a type of bar chart that illustrates a project schedule and shows the dependency relationships between activities and current schedule status. It considers the time, cost, and resources of a project, making it a valuable tool for project management.

Question 7

The technique whereby each task can be investigated by virtue of their most likely time to completion, their most optimistic time and most pessimistic time is referred to as ________________________?

Accepted Answer

The answer of The technique whereby each task can be...

Question 8

The two most used types of project management are the Waterfall Technique and ____________.

Accepted Answer

Agile project management is widely recognized alongside the Waterfall Technique as one of the two most utilized methodologies in project management. Agile focuses on iterative development, where requirements and solutions evolve through collaboration between self-organizing cross-functional teams, contrasting with the sequential approach of Waterfall.

Question 9

Project risk management can be broken down into five major stages. These are planning, identification, analysis, monitoring and control and ______________________?

Accepted Answer

Response is the correct answer because it involves developing strategies to address and mitigate the risks identified during the risk analysis stage.

Question 10

What is Business Continuity Management?

Accepted Answer

Business Continuity Management (BCM) is focused on creating a plan to ensure an organization can continue to operate during and after a crisis or disruptive event. This involves identifying potential threats to an organization and the impacts to business operations those threats, if realized, might cause, and provides a framework for building organizational resilience with the capability for an effective response.

Quiz 11: Managing Projects, Crises, and Business Cont