PFQ knowledge Flashcards
(57 cards)
- The purpose of project management is to:
a) Organise management plans.
b) Keep all stakeholders happy.
c) Control change initiatives.
d) Effect beneficial change.
Effect beneficial change
- One difference between a project and business as usual is:
a) Projects achieve specified benefits but business as usual has only vague benefits.
b) Projects drive change whereas business as usual continues existing activities.
c) Projects have tightly controlled budgets whereas business as usual does not.
d) Projects have unclear deadlines but business as usual has multiple milestones.
Projects drive change whereas business as usual continues existing activities.
Which of the following is a project?
a) Introducing a new information technology system.
b) Operating a national rail network.
c) Organising ongoing catering in the armed forces.
d) Managing day-to-day security for senior politicians.
Introducing a new information technology system.
Portfolio management includes prioritising:
a) Projects and/or programmes that contribute directly to the organisation’s strategic objectives.
b) Projects with exceptionally high returns on investment.
c) Projects and programmes over business as usual.
d) Projects which maximise change over those which maximise investment.
Projects and/or programmes that contribute directly to the organisation’s strategic objectives.
What is meant by the term programme management?
a) The management of a group of projects or activities that have a common business aim.
b) The line management of a team of programme managers.
c) The management of a functional area used by a number of different projects.
d) The management of the programme of activities identified in the project plan.
The management of a group of projects or activities that have a common business aim.
Which one of the following best describes a programme?
a) A group of projects collected together that have a common purpose.
b) A group of projects collected together for management convenience.
c) A group of projects collected together because of their use of common resources.
d) A group of projects collected together because of their relationship to business-as-usual.
a) A group of projects collected together that have a common purpose.
Which of the following best describes a project environment?
a) The type of organisation concerned with implementation.
b) The structured method used to control the project.
c) The context within which a project is undertaken.
d) An understanding of the risks involved in the project.
C. The context within which a project is undertaken.
Which one of the following is NOT typically associated with a project’s context?
a) The issues and areas that matter to stakeholders.
b) Technical, social or political considerations.
c) The environment in which the project is being carried out.
d) The sequence and dependencies of activities.
d) The sequence and dependencies of activities.
A project manager might use a PESTLE analysis in order to:
a) mitigate all possible risks to the project.
b) identify and mitigate factors that may affect the project.
c) control technological change during the project.
d) consider team social roles in early stages of the project.
b) identify and mitigate factors that may affect the project.
Which of the following are phases in an iterative project life cycle? 1) Concept 2) Feasibility 3) Deployment 4) Development
a) 3 and 4 only
b) 1, 2 and 3
c) 1 and 2 only
d) 2, 3 and 4
d) 2, 3 and 4
A project life cycle which combines approaches from the linear and iterative life cycles is known as _________ project life cycle. a) A hybrid.
b) An extended.
c) A reduced.
d) A combined.
b) an extended
An extended project life cycle can be defined as:
a) An approach that adds operational and termination phases to a linear life cycle.
b) An approach that adds adoption and benefits realisation phases to a linear life cycle.
c) A framework for conducting a cost–benefit analysis once a project has closed.
d) A framework for ensuring the re-deployment of assets post project
b) An approach that adds adoption and benefits realisation phases to a linear life cycle.
Which of the following is a responsibility of the project sponsor?
a) Creating a project cost breakdown structure.
b) Authoring the project management plan.
c) Creating a project work breakdown structure.
d) Owning the project business case
c) Creating a project work breakdown structure.
Which of the following is the responsibility of a project manager?
a) Ensuring a project is aligned to the organisation’s strategy.
b) Focusing on project benefits and aligning priorities.
c) Achieving the project’s success criteria.
d) Improving process, tools and techniques used in a project.
c) Achieving the project’s success criteria.
Which one of the following is a responsibility of the governance board?
a) To identify potential problems for the project team to solve
b) To provide strategic direction and guidance to the Project Sponsor
c) To manage the project team in all daily activities
d) To receive and consider daily reports from team members.
b) To provide strategic direction and guidance to the Project Sponsor
Which of the following defines the term ‘deployment baseline’?
a) The starting point for creating a resource histogram.
b) The basis for creating an organisational breakdown structure.
c) The starting point for the monitoring of project risks.
d) The basis for progress monitoring.
d) The basis for progress monitoring.
- Which of the following is a purpose of an estimating funnel?
a) Keeping resource usage toa minimum to help reduce costs.
b) Supporting the production of comparative estimates.
c) Identifying where costs can be minimised when preparing a budget.
d) Representing increasing levels of estimating accuracy achieved through the life cycle.
d) Representing increasing levels of estimating accuracy achieved through the life cycle.
Which of the following statements refers to how scope is managed in a linear project but not an iterative project?
a) Teams can act on new knowledge to change the scope.
b) Teams can re-prioritise requirements within the scope.
c) The scope of work is the starting point for the implementation of change control.
d) Scope definition is assumed to be fixed for the whole project.
d) Scope definition is assumed to be fixed for the whole project.
The definition of benefits management includes which key activities?
a) Planning, analysis and integration of project benefits.
b) Justification, validation and acceptance of project benefits.
c) Identification, tracking and realisation of project benefits.
d) Realisation, acceptance and integration of project benefits.
c) Identification, tracking and realisation of project benefits.
Establishing success criteria is important at the start of the project, as they:
a) Indicate how the stakeholder needs will be met.
b) Ensure adequate resource allocation.
c) Indicate what is important in supplier selection.
d) Ensure comprehensive risk analysis.
a) Indicate how the stakeholder needs will be met.
One purpose of a typical project business case is to:
a) Carry out earned value analysis.
b) Allocate resources to the project.
c) Analyse cost–benefit of the project.
d) Plan project work packages.
c) Analyse cost–benefit of the project.
Suppliers are stakeholders of a project management plan because they:
a) Contribute to the project’s procurement strategy.
b) Help satisfy the project’s resource requirements.
c) Provide acceptance certificates based on quality of resources supplied.
d) Determine the quality requirements of goods supplied.
b) Help satisfy the project’s resource requirements.
Which one of the following best describes a project stakeholder?
a) A party who is concerned about the project going ahead.
b) A party with an interest or role in the project or is impacted by the project.
c) A party who has a vested interest in the outcome of the project.
d) A party who has a financial stake in the organisation managing the project.
b) A party with an interest or role in the project or is impacted by the project.
Stakeholder analysis supports effective stakeholder engagement by:
a) Identifying stakeholders with high levels of power and interest.
b) Ensuring stakeholder acceptance of project deliverables.
c) Justifying the preferred project option to stakeholders.
d) Providing information to all stakeholders.
a) Identifying stakeholders with high levels of power and interest.