Essential Project Management Knowledge Check: Q&A
Project Management Fundamentals: Key Concepts Q&A
Q1. What does PRINCE2 stand for?
Answer: Projects In Controlled Environments.
Q2. What is the assignment weighting ratio?
Answer: Assignment 1 = 70%; Assignment 2 = 30%.
Q3. PRINCE2 is made up of principles, themes, and processes. How many components are there?
Answer: There are 7 Principles, 7 Themes, and 7 Processes. (The number 7 is key in PRINCE2 structure).
Q4. The Agile Manifesto sets out better ways of developing software and values the following:
- Individuals and interactions over processes and tools
- Working software over comprehensive documentation
- Customer collaboration over contract negotiation
- Responding to change over following a plan
Q5. Define the critical path.
Answer: The critical path is the sequence of dependent tasks that form the longest duration in a project schedule.
Q6. In Agile, the definition of “ready” is when the product is ready to be shipped to the customer. (True/False)
Answer: False. (The Definition of Ready typically applies to starting work on a backlog item).
Q7. Which of the following are Agile methods and approaches? (List 5)
Correct Answers:
- Scrum
- Kanban
- Lean Start-up
- DevOps
- XP (eXtreme Programming)
Q8. MVP stands for Minimum Viable Product and is a version of the final product which allows the maximum amount of validated learning with the least effort. (True/False)
Answer: True.
Q9. Some aspects of a project can be adapted while others are fixed. Match the answers:
- Time: Fixed
- Risk: May adapt
- Scope: Adaptable
Q10. In project management, what is the purpose of MoSCoW prioritization?
Answer: To determine which product features are essential (*Must have*), which desirable (*Should have*), and which can be ignored for now (*Could have* or *Won’t have*).
Q11. The exam is a 2-hour closed book exam. (True/False)
Answer: True.
Q12. Group Project Roles and Key Deliverables Match:
Match the documentation required by each role in the assignment:
- Start-up Manager: Project Plan and Code of Conduct
- Project Manager: Lessons Learned Report
- Quality Manager: Quality Plan
- Risk Manager: Risk Plan and Log
- Scheduling Manager: Meeting Minutes, Communication Plan, and Gantt Chart
Q13. Costs can be estimated by (Hint: there are two methods):
- Using Historical Data
- Using 3-Point Estimation
Q14. List the five appropriate risk responses (for threats):
- Avoidance
- Transfer
- Reduction (Mitigation)
- Elimination
- Acceptance
Q15. An information radiator is a warming device fueled by all the project paperwork. (True/False)
Answer: False. (An information radiator is a highly visible display of project status and metrics).
Q16. Burn-up and burn-down charts are often used as part of the information radiator. What information do they provide?
- A burn-up chart shows: How much work has been done
- A burn-down chart shows: How much work is left to do
Q17. Hofstede’s cultural dimensions include (List 6):
- Power Distance Index
- Individualism vs. Collectivism
- Masculinity vs. Femininity
- Uncertainty Avoidance Index
- Long-Term vs. Short-Term Orientation
- Indulgence vs. Restraint
Q18. What is an example of a hygiene factor in Herzberg’s Motivation-Hygiene Theory?
Answer: A Physical Workspace (or working conditions/salary).
Q19. The four areas of the [Blank 1] are the public interest, professional competence and integrity, duty to the relevant authority, and duty to the profession.
Answer: The BCS Code of Conduct.