Question 1

Perhaps the most important aspect of successful project management is:

Accepted Answer

The efficient flow of information is crucial in project management as it ensures that all team members are informed, aligned, and able to make timely decisions, which is essential for the success of any project.

Question 2

Controlling processes are important factors in _________of the nine project management knowledge areas.

Accepted Answer

B

Question 3

_________are documented recommendations that minimize the probability of negative consequences to the project.

Accepted Answer

Recommended preventive actions are documented recommendations that aim to minimize the probability of negative consequences to the project by addressing potential risks before they occur.

Question 4

_________is the process of identifying the cause of variance relative to the project baseline and determining whether any corrective action is needed.

Accepted Answer

Variance analysis is the process of identifying the cause of variance relative to the project baseline and determining whether any corrective action is needed.

Question 5

Team members need to be encouraged to:

Accepted Answer

Encouraging team members to offer opinions, participate, and take responsibility fosters a collaborative and accountable team environment.

Question 6

_________are documented and authorized guidelines that are intended to reduce the probability of negative consequences to the project due to identified risks.

Accepted Answer

Approved preventive actions are guidelines intended to reduce the probability of negative consequences to the project due to identified risks.

Question 7

_________are documented recommendations that needed to bring future project performance into conformance with the project management plan.

Accepted Answer

Recommended corrective actions are documented recommendations that are necessary to bring future project performance into alignment with the project management plan.

Question 8

The actual cost associated with work on an activity during a particular time period is:

Accepted Answer

The actual cost is typically drawn from invoices or financial records, reflecting the real expenses incurred for the work done during a specific period.

Question 9

_________is the process of monitoring and measuring project progress and influencing the plan to account for any discrepancies between planned progress and actual progress.

Accepted Answer

Project control is the process of monitoring and measuring project progress and influencing the plan to account for any discrepancies between planned progress and actual progress.

Question 10

_________measures project performance over time, and provides a way to forecast future performance based on past performance.

Accepted Answer

Earned value management (EVM) is a project management technique that integrates scope, time, and cost data to measure project performance and forecast future performance based on past performance.

Question 11

_________is the management style the manager employs in following a plan and dealing with problems or changes in the plan.

Accepted Answer

The answer of _________is the management style the manager employs...

Question 12

_________is the final implementation and training related to the project, getting acceptance and signoff on the project, and archiving of the project's results.

Accepted Answer

Project closure involves final implementation, training, acceptance, signoff, and archiving of project results.

Question 13

Earned value management is a powerful cost control technique that provides estimates on the likelihood the project will meet_________ requirements.

Accepted Answer

Earned value management (EVM) is used to assess both schedule and budget performance, making it a tool for evaluating the likelihood of meeting both schedule and budget requirements.

Question 14

The _________is calculated by dividing the BAC by the CPI.

Accepted Answer

The answer of The _________is calculated by dividing the BAC...

Question 15

For large, complex projects, the_________ may be most appropriate.

Accepted Answer

The answer of For large, complex projects, the_________ may be...

Question 16

Controlling processes are important factor in all of the following project management knowledge areas EXCEPT_________ management.

Accepted Answer

Procurement management primarily focuses on acquiring goods and services from external sources, and while it involves monitoring, it is less about controlling processes compared to the other areas listed.

Question 17

All of the following are philosophies of project control EXCEPT:

Accepted Answer

The answer of All of the following are philosophies of...

Question 18

For relatively small projects, the_________ may be most appropriate.

Accepted Answer

The answer of For relatively small projects, the_________ may be...

Question 19

The_________ is a time- phased budget that is used to measure and monitor cost performance.

Accepted Answer

The cost baseline is a time-phased budget that is used to measure and monitor cost performance in a project.

Question 20

The _________is the ratio of EV to AC.

Accepted Answer

The answer of The _________is the ratio of EV to...

Quiz 12: Managing Project Control and Closure