C722 Project Management Practice Questions - Set 5 - Part 3

Correct Answer: b) List of all customer requirements and features

The Backlog lists prioritized customer requirements and guides the team’s work throughout the Agile project.

Correct Answer: c) Project Charter

The Project Charter officially authorizes the project, setting its objectives and identifying primary stakeholders.

Correct Answer: b) The sequence of tasks with no slack

The critical path includes tasks with zero slack, meaning any delay will extend the project’s completion date.

Correct Answer: b) Fixed Cost

Fixed Costs, such as rent or equipment, remain constant regardless of project activity levels or outputs.

Correct Answer: b) Three-Point Estimating

Three-Point Estimating averages optimistic, most likely, and pessimistic scenarios to produce a more accurate task duration.

Correct Answer: c) Project Proposal

The Project Proposal explains the business need and justifies the project, forming a basis for its approval.

Correct Answer: b) To compress the project schedule

Crashing adds resources to reduce the project duration, helping meet deadlines, often at an increased cost.

Correct Answer: b) To assign accountability for tasks

The Resource Responsibility Matrix ensures that specific tasks have assigned resources, clarifying responsibilities and roles.

Correct Answer: b) Requirements Management Plan

The Requirements Management Plan establishes processes for gathering, managing, and verifying requirements.

Correct Answer: b) Resource conflicts between functional and project managers

In matrix organizations, resources report to both project and functional managers, often causing conflicts over resource allocation.