C722 Project Management Practice Questions - Set 3 - Part 2

Test your knowledge of Project Management concepts with these practice questions. Each question includes detailed explanations to help you understand the correct answers.

Question 21: What type of costs are considered direct overhead costs, supporting multiple activities but not directly attributable to one specific task?

a) Indirect Costs

b) General and Administrative Costs

c) Variable Costs

d) Direct Costs

Question 22: What process ensures that only approved changes are implemented in the project, maintaining control over scope?

a) Risk Management

b) Quality Assurance

c) Change Control

d) Resource Allocation

Question 23: What Agile methodology term describes the customer-prioritized requirements that guide development work?

a) Backlog

b) Task List

c) Requirement Matrix

d) Gantt Chart

Question 24: Which project phase focuses on finalizing and delivering all project deliverables to the client?

a) Planning

b) Executing

c) Defining

d) Closing

Question 25: Which task dependency type means a successor task cannot start until its predecessor has started?

a) Start-to-Finish

b) Finish-to-Start

c) Start-to-Start

d) Finish-to-Finish

Question 26: Which process identifies who will be involved in a project and outlines their roles and responsibilities?

a) Stakeholder Analysis

b) Risk Management Plan

c) Resource Histogram

d) Cost Management Plan

Question 27: What does a “Phase Gate” refer to in project management?

a) A resource allocation tool

b) A critical milestone approval point

c) A method for managing stakeholder expectations

d) A type of risk analysis

Question 28: Which document identifies and organizes all project tasks, assigning unique codes to activities and deliverables?

a) Project Charter

b) Work Breakdown Structure (WBS)

c) Resource Allocation Matrix

d) Stakeholder Register

Question 29: What technique reduces schedule duration by overlapping activities that are usually sequential?

a) Crashing

b) Fast-tracking

c) Resource Leveling

d) Resource Allocation

Question 30: Which estimation technique assigns a single value for task duration based on expert opinion or historical data, without calculating a range?

a) Parametric Estimating

b) One-Point Estimating

c) Analogous Estimating

d) Three-Point Estimating

Question 31: What is the purpose of the “Resource Responsibility Matrix” in project management?

a) To estimate project costs

b) To track project risks

c) To assign roles and responsibilities for tasks

d) To calculate schedule variances

Question 32: What is the primary purpose of the Requirements Traceability Matrix?

a) To monitor project costs

b) To link requirements to deliverables and track their fulfillment

c) To allocate resources to tasks

d) To manage project risks

Question 33: Which scheduling technique adds intentional overlap to sequential tasks to reduce project duration?

a) Lag Time

b) Crashing

c) Fast-tracking

d) Resource Leveling

Question 34: In which phase does the project manager confirm that all project requirements have been met and accepted by the client?

a) Executing

b) Planning

c) Closing

d) Defining

Question 35: Which term refers to the additional time given to a task that will not delay the project’s overall completion date?

a) Slack

b) Lag

c) Lead

d) Critical Path

Question 36: What is the main function of a Gantt Chart in project management?

a) To track project risks

b) To display tasks, durations, and dependencies visually

c) To manage project scope

d) To control resource costs

Question 37: Which project management term defines the minimum resources necessary to complete a project?

a) Resource Optimization

b) Resource Leveling

c) Resource Baseline

d) Resource Histogram

Question 38: What term is used for the total approved budget for a project, including all costs and reserves?

a) Actual Cost (AC)

b) Earned Value (EV)

c) Budget at Completion (BAC)

d) Cost Variance (CV)

Question 39: Which project management term represents the risk acceptance level where a stakeholder shows interest in risk exposure?

a) Risk Threshold

b) Risk Appetite

c) Risk Tolerance

d) Risk Reserve

Question 40: What is a “Phase Gate” used for in project management?

a) To reduce project risks

b) To determine if a project phase should continue

c) To assign project roles

d) To allocate resources

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