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PM Question Pool

The document outlines key concepts in project management, including the definition of a project as a temporary endeavor aimed at creating unique outputs, and the importance of the Triple Constraint (Scope, Time, Cost) in managing projects. It emphasizes the significance of adhering to the 100% Rule in Work Breakdown Structures to avoid budget overruns and highlights the critical role of a signed Project Charter in legitimizing a Project Manager's authority. Additionally, it discusses the relationship between project phases, risk management, and the cost of changes, stressing the need for early error identification to minimize costs.
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0% found this document useful (0 votes)
3 views2 pages

PM Question Pool

The document outlines key concepts in project management, including the definition of a project as a temporary endeavor aimed at creating unique outputs, and the importance of the Triple Constraint (Scope, Time, Cost) in managing projects. It emphasizes the significance of adhering to the 100% Rule in Work Breakdown Structures to avoid budget overruns and highlights the critical role of a signed Project Charter in legitimizing a Project Manager's authority. Additionally, it discusses the relationship between project phases, risk management, and the cost of changes, stressing the need for early error identification to minimize costs.
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

1- According to PMI, what is a "temporary 11- Why must a project be a "temporary endeavor" 21- For a high-risk project, what

k project, what is the typical estimation 1- B


endeavor undertaken to create a unique rather than a continuous one? accuracy at the Work Package level (Level 5)? 2- A
product, service, or result"? A) To reduce taxes A) ±2% 3- C
A) Operation B) To introduce innovation and strategic change B) ±5–10% 4- B
B) Project C) To eliminate all financial risks C) ±20–30% 5- C
C) Program D) To simplify accounting D) ±75–100% 6- C
D) Portfolio E) To maximize repetition E) ±50% 7- B
E) Task 8- B
12- In the relationship between projects and operations, 22- Why is the cost of correcting errors significantly higher in 9- B
2- What are the three primary components how do they typically interact? the delivery phase than in the definition phase? 10- B
of the "triple constraint"? A) They are independent A) Knowledge is higher 11- B
A) Scope, Time, Cost B) Operations always guide projects B) Cost of change increases exponentially as the project 12- C
B) Quality, Risk, Cost C) Projects guide operations by creating new outputs progresses 13- A
C) People, Tools, Time D) Projects serve only to reduce staff C) Risk probability increases 14- C
D) Design, Scope, Quality E) Operations replace projects over time D) Stakeholders leave 15- C
E) Budget, Resource, Schedule E) Risk decreases 16- B
13- In the constraint formula Cost = f(Performance, Time, 17- B
3- Which characteristic fundamentally Scope), what is the likely result of shortening the 23- According to the literature, which competency has a 18- C
distinguishes a project from ongoing schedule? stronger correlation with project success than IQ? 19- B
operations? A) Cost will increase A) Technical Mastery 20- C
A) Repetition B) Scope must increase B) Emotional Intelligence (EQ) 21- B
B) Continuity C) Performance improves C) Quantitative Skills 22- B
C) Temporariness D) Cost remains fixed D) Administrative Prowess 23- B
D) Standardized processes E) Quality must increase E) Political skill 24- B
E) Profitability 25- B
14- What is a primary difference between Traditional 24- What are "Sacred Cows" in the context of project selection 26- B
4- How many process groups are defined in (Waterfall) and Agile approaches regarding change? politics? 27- B
the PMI project management framework? A) Waterfall embraces change A) Mandatory laws 28- B
A) Three B) Agile avoids change B) Projects favored by powerful executives regardless of ROI 29- B
B) Five C) Agile is designed to accommodate high uncertainty and C) High-profit projects 30- B
C) Ten change D) Failed projects
D) Twelve D) Waterfall has higher interaction E) Legal requirements
E) Six E) Agile requires less budget
25- What is the core question addressed by a feasibility study
5- Which phase of the project life cycle is 15- In which matrix structure does the project manager as opposed to desirability?
typically the most resource-intensive? function mainly as a coordinator with very low A) Should we do it?
A) Initiation authority? B) Can we do it?
B) Planning A) Strong Matrix C) Who is the owner?
C) Execution B) Balanced Matrix D) Is it popular?
D) Closure C) Weak Matrix E) Will it be profitable?
E) Monitoring D) Projectized
E) Functional Hierarchy 26- Why is a signed Project Charter considered the most
6- What metaphor is used to describe the critical document for a Project Manager's role?
role of a modern project manager in 16- What is the "Authority Gap" in project management? A) It is a detailed plan
integrating diverse actors? A) Lack of team skills B) It legitimizes the PM's authority to use organizational
A) Lone Wolf B) When responsibility grows faster than formal authority resources
B) Police Officer C) The distance between silos C) It lists all tasks
C) Orchestra Conductor D) Salary differences D) It defines the budget
D) Technical Specialist E) Gap between PM and customer E) It contains the WBS
E) Customer Servant
17- What is a group of related projects managed in a 27- What is the key distinction between Project Scope and
7- Who is defined as any individual or group coordinated manner to achieve a shared strategic Product Scope?
that may affect or be affected by a project's objective? A) Product scope is the "how"
outcome? A) Portfolio B) Project scope is the "work" required to deliver the "what"
A) Project Manager B) Program (product)
B) Stakeholder C) Operation C) They are identical
C) Functional Manager D) Task D) Project scope is permanent
D) Regulator E) Business Unit E) Project scope is about features
E) Investor
18- Which financial evaluation method specifically 28- What is "Creeping Elegance" in the context of scope
8- What term refers to the features and considers the "time value of money"? management?
functions that characterize a product or A) Payback Period A) Customer requests
service? B) Average Rate of Return B) Team members adding extra features beyond specifications
A) Project Scope C) Net Present Value (NPV) C) Slow progress
B) Product Scope D) Checklist Model D) High-quality reporting
C) Work Package E) Return on Investment (ROI) E) Over-detailed planning
D) WBS Dictionary
E) Strategic Alignment 19- What does the "100% Rule" in the construction of a 29- During a "Forward Pass" calculation at a merge point in a
WBS ensure? network, which rule is applied?
9- What does the acronym "WBS" stand for? A) 100% profit A) Smallest EF is chosen
A) Work Baseline System B) That the WBS reflects all defined scope and nothing B) Largest EF becomes the ES of the next activity
B) Work Breakdown Structure extra C) Average duration is used
C) Weekly Business Schedule C) 100% team utilization D) Slack is subtracted
D) Work Budget Standard D) Zero defects E) Average of EF
E) Whole Business Solution E) 100% Customer satisfaction
30- Why is a network with multiple "near-critical paths"
10- What is the duration of a "dummy 20- Which dependency implies that a successor activity considered highly sensitive or risky?
activity" in an AOA network diagram? cannot start until the predecessor finishes? A) It has too much float
A) One day A) Start-to-Start (SS) B) Small deviations can instantly shift the critical path to a
B) Zero B) Finish-to-Finish (FF) different sequence
C) One week C) Finish-to-Start (FS) C) It is too simple
D) Depends on scope D) Start-to-Finish (SF) D) It lacks resources
E) Equal to the critical path E) All of the above E) High float makes it easy
1. Question: According to the sources, what are the three core concepts that define a "project," and how do
these distinguish a project from routine "operations"?

• Answer: A project is defined as a temporary endeavor (having a clear start and end), producing a
unique output (something that did not previously exist), and being a goal-oriented activity (existing
to solve a specific problem or exploit an opportunity). These distinguish it from operations, which are
repetitive, continuous, and routine activities designed to sustain the organization's ongoing
functioning.

2. Question: Explain the "100% Rule" in the context of creating a Work Breakdown Structure (WBS). Why
is violating this rule risky?

• Answer: The 100% Rule states that the total scope represented by a "parent" element must be equal to
the sum of the scopes of its "child" elements. It ensures the WBS includes all work defined in the
scope statement—and only that work. Violating this rule creates "blind spots" (ownerless work or
undefined costs) that typically surface late in the project as budget overruns or schedule delays.

3. Question: Describe the functional relationship between the components of the "Triple Constraint." What
is the likely result if a project sponsor decides to shorten the project's timeline without changing the scope?

• Answer: The Triple Constraint consists of Scope, Time, and Cost. They are functionally related: Cost
= f(Performance, Time, Scope). Because these dimensions are interdependent, shortening the timeline
(Time) without reducing the Scope will inevitably require an increase in Cost (e.g., hiring more staff
or paying overtime) or a reduction in Quality/Performance to maintain balance.

4. Question: Compare a "Functional Organization" and a "Projectized Organization" regarding the Project
Manager's (PM) authority and control over resources.

• Answer: In a Functional Organization, the PM has minimal or no formal authority, and functional
managers retain almost all control over resources and budgets. In contrast, in a Projectized
Organization, the entire organization is structured around projects; the PM holds full and direct
authority equivalent to a line manager, with direct control over assigned resources.

5. Question: Analyze the relationship between the project life cycle, the probability of risk, and the cost of
change. Why is it strategically vital to identify errors in the "Defining" phase rather than the "Delivering"
phase?

• Answer: At the start of a project, uncertainty and risk probability are at their highest, but the cost
of change is at its lowest because work is mostly intellectual or "on paper". As the project progresses
into execution and delivery, the probability of new risks occurring decreases, but the cost of correcting
a realized risk increases exponentially. Identifying errors early is vital because correcting a design
flaw during the definition phase is inexpensive, whereas fixing that same flaw after a prototype is built
or a building is completed is significantly more resource-intensive.

6. Question: Discuss why a signed Project Charter is essential for addressing the "Authority Gap." What
are the organizational consequences of managing a project that lacks this formal authorization?

• Answer: The "Authority Gap" occurs when a PM’s responsibility for outcomes exceeds their formal
power over resources and personnel. The Project Charter is the only document that formally
legitimizes the PM’s authority to use organizational resources across functional boundaries. Without
a signed charter, a project is organizationally "non-existent". This leads to "headless-chicken
projects," where stakeholders repeatedly question the project's goals, and the PM lacks the formal
standing to negotiate for resources with functional managers, resulting in delays and lack of strategic
alignment.

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