Important element of project management plan that is useful in hr planning process
Answers
Questions on Project Management Fundamentals
1. Which of these is not one of the constraints of a project?
a. Scope
b. Resources
c. Team
d. Budget
2. Which of the following is not correct about initial phase of a project?
a. The cost associated at the beginning of the project is highest.
b. Stakeholders have maximum influence during this phase
c. The highest uncertainty is at this stage of the project.
d. All the above statements are correct.
e.
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1. c. Projects constraints are - Scope, Resources, Quality, Schedule, Budget
and Risk
2. a. There is minimum requirement of personnel and hence minimum cost
at the project initiation stage.
(All questions value is 0.75, except questions 23,24 whose value is 1,75)
(Of course at the end there will be a conversion to 20)
Questions on Project Communication Management
3. The project you are managing has nine stakeholders. How many channel
of communications are there between these stakeholders?
a. 9
b. 8
c. 45
d. 36
4. Which of the following is not an example of formal communication?
a. Contract
b. email
c. Project status report
d. Status meeting
Answers
3. d. There will be (9*8)/2 channel of communication.
4. b. Communication via email is not considered a formal communication.
Questions on Project Cost Management
5. A Project with a total funding of $100,000 finished with a BAC value of
$95,000. What term can BEST describe the difference of $5,000?
A. Cost Variance
B. Management Overhead