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Project Management Questions and Answers (Q&A)

What is a project and project management?
John Smith
Answered: Dec 20, 2024
Cleaning the office building every day.

D. Cleaning the building is a repetitive task that is done everyday. Hence it is not an example of a project.

4 Answers

2419 views
What are the phases of the traditional project life cycle?
O. Miller, Content Optimization Executive
Answered: May 10, 2019
The traditional project life has 5 phases which are: project initiation, planning, execution, monitoring and controlling, and closure. In the project initiation phase, the project manager and its...Read More

1 Answer

1435 views
What is Project Charter and what are some misconceptions about it?
R. Barnes, Analyst
Answered: Apr 19, 2019
The only thing that is not true about Project Charter is that it is used only to award a contract or the phase of a project. If you are not too familiar with what Project Charter is, this refers...Read More

4 Answers

1208 views
What is the present value if an organization expects to make $100,000 four years from now and the annual interest rate is 6 percent?
John Smith
Answered: Dec 20, 2024
$79,000

The present value of $100,000 four years from now can be calculated by using this formula: present value = FV / (1 + i)n. FV is the future value, i is the interest rate, and n is...Read More

1 Answer

1096 views
What is project charter?
John Adney
Answered: Nov 24, 2017

It is used primarily to award contract of a project or its phase.

2 Answers

1040 views
What is a characteristic of Visual Workflow?
John Smith
Answered: Dec 20, 2024
Elements can be used to update fields in the database
Only one version of a flow can be activated at a time
Apex code must be used to pass data to legacy systems

1 Answer

957 views
What are process groups?
Jufelm.rafols
Answered: Nov 07, 2017

Process Groups are linked by the results they produce. They are not discreet, One-time process.

2 Answers

926 views
What are the best practice for new product development projects?
L. Hawkes, Teacher
Answered: Nov 05, 2018
When you begin to make new products, there are certain tasks that must be done first. They must do technical, financial, and marketing tasks. Project management practices must be done in order...Read More

2 Answers

924 views
What is a scatter diagram in Project Quality Management?
John Adney
Answered: Nov 02, 2017
Scatter diagram is one of the 7 basic quality tools that is listed as a tool and technique in the quality planning in pmbok version 5. So I don’t understand why that answer is wrong....Read More

3 Answers

889 views
What is true about Project Charter?
J. Shatner, Content writer
Answered: Jan 09, 2019
Project charter is a common term heard in the project management system. It is simply the goals, outline and people who are in the project. The roles and the responsibilities that should occur in...Read More

3 Answers

865 views
What will be your variance if your project has a budget of $130,000 and is expected to last ten months, with the work and budget spread evenly across all months?
John Smith
Answered: Dec 20, 2024
$26,000

$26,000 is the variance. This is calculated by subtracting the actual costs of $65,000 from the earned value of $39,000. EV is calculated by taking the 30 percent completion of...Read More

1 Answer

858 views
Which term is used to considers the total cost of ownership, or develpment plus support costs, for a project?
E. Barnes, Professional Gamer
Answered: May 02, 2019
The correct answer to this question is life cycle costing. Also known as whole-life costing, life cycle costing is the process in which the amount of money spent on an asset over a lifetime is...Read More

2 Answers

816 views
What cannot be used as an input used in Scope Verification?
John Smith
Answered: Dec 20, 2024
Corrective actions Corrective actions are not an input used in scope verification. Corrective actions are steps taken to bring future performance in line with the project plan. scope verifi...Read More

2 Answers

685 views
What is the recommended course of action for the processes and procedures in the PMBOK Guide?
Krystle
Answered: Dec 20, 2024
Not all processes and procedures in the PMBOK Guide are actually required on all projects.

A. Not all information in the PMBOK Guide should be applied uniformly to all projects. It is the...Read More

1 Answer

613 views
What is used for trend analysis as a quality control tool in project management?
John Smith
Answered: Dec 20, 2024
Scatter diagram A scatter diagram is used for trend analysis. this diagram plots data on an x/y axis to identify the correlation between the parameters plotted on these axes. It helps in fo...Read More

1 Answer

606 views

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