GE5103 Lesson 2: Project Management 101 (S2.1–
2(1)) Exam 2026 | Verified Questions & Accurate
Answers
1. What is the definition of project procurement management according to the Project
Management Institute (PMI)?
The management of project timelines and schedules.
The processes necessary to purchase or acquire
products, services, or results needed from outside the
project team.
The identification and management of project risks.
The allocation of resources within the project team.
2. Describe how project resource management contributes to the success of a project.
Project resource management ensures that the right resources
are available at the right time, which helps in meeting project
objectives efficiently.
Project resource management focuses solely on budget
management.
Project resource management is concerned with stakeholder
communication.
Project resource management only deals with human resources.
3. Describe the importance of defining project scope in project management.
Defining project scope is unimportant as it does not affect
project outcomes.
,Defining project scope is crucial as it outlines the boundaries
of the project and ensures that all stakeholders have a clear
understanding of what is included and excluded from the
project.
, Defining project scope only focuses on the budget and does not
consider other factors.
Defining project scope is solely the responsibility of the project
manager.
4. Describe the importance of project communications management in the context of
project success.
Project communications management is less important than
managing project costs.
Project communications management only involves the project
manager communicating with the team.
Effective project communications management ensures that all
stakeholders are informed and engaged, which is crucial for
project success.
Project communications management focuses solely on
documentation.
5. Describe the importance of risk management in project management according to
PMI.
Risk management is crucial as it helps to minimize potential
negative impacts on project objectives.
Risk management is only necessary for large projects with
significant budgets.
Risk management focuses solely on financial risks associated
with the project.
Risk management is less important than scope and schedule
management.
6. Based on PMI's definition, which of these is a good example of a project?
, Following policies and procedures for procuring an item
Designing and launching a new website
Using a checklist to perform quality control
Manufacturing a standard commodity
7. Project Risk Management
focuses on identifying and responding appropriately to
risks that can impact the project.
includes identifying the project phases and activities and
estimating, sequencing, and assigning resources
focuses on coordinating the project plan's development,
execution, and control of changes.
focuses on planning, developing, and managing the quality
environment allowing the project to meet or exceed stakeholder
expectations.
8. In a scenario where a project is falling behind schedule, how can effective project
communications management help address this issue?
By restricting communication to only the project manager to
maintain control.
By facilitating open communication among team members and
stakeholders to identify issues and collaboratively develop
solutions.
By focusing solely on updating the project schedule without
team input.
By eliminating unnecessary meetings to save time.
, 9. Business Acumen is a component of an effective Project Manager's core competencies.
Which of the following would be representative of this skill set:
Building trust and seeking consensus.
Ability to manage project elements, such as schedule, cost, and
risk.
Exhibiting integrity, cultural sensitivity, and courage.
Understanding market conditions and time-to-market factors.
10. What is the primary focus of project integration management according to PMI?
It is concerned with the scheduling of project tasks.
It deals with the identification of project stakeholders.
It involves coordinating all aspects of a project.
It focuses solely on managing project costs.
11. In a scenario where a project manager must decide on resource allocation for a
project, how would Business Acumen influence their decision-making process?
Business Acumen would suggest that the project manager ignore
budget constraints.
Business Acumen would encourage the project manager to
focus only on team dynamics.
Business Acumen would lead the project manager to prioritize
personal relationships over project goals.
Business Acumen would guide the project manager to
consider the project's impact on the organization's overall
financial health and strategic objectives.
2(1)) Exam 2026 | Verified Questions & Accurate
Answers
1. What is the definition of project procurement management according to the Project
Management Institute (PMI)?
The management of project timelines and schedules.
The processes necessary to purchase or acquire
products, services, or results needed from outside the
project team.
The identification and management of project risks.
The allocation of resources within the project team.
2. Describe how project resource management contributes to the success of a project.
Project resource management ensures that the right resources
are available at the right time, which helps in meeting project
objectives efficiently.
Project resource management focuses solely on budget
management.
Project resource management is concerned with stakeholder
communication.
Project resource management only deals with human resources.
3. Describe the importance of defining project scope in project management.
Defining project scope is unimportant as it does not affect
project outcomes.
,Defining project scope is crucial as it outlines the boundaries
of the project and ensures that all stakeholders have a clear
understanding of what is included and excluded from the
project.
, Defining project scope only focuses on the budget and does not
consider other factors.
Defining project scope is solely the responsibility of the project
manager.
4. Describe the importance of project communications management in the context of
project success.
Project communications management is less important than
managing project costs.
Project communications management only involves the project
manager communicating with the team.
Effective project communications management ensures that all
stakeholders are informed and engaged, which is crucial for
project success.
Project communications management focuses solely on
documentation.
5. Describe the importance of risk management in project management according to
PMI.
Risk management is crucial as it helps to minimize potential
negative impacts on project objectives.
Risk management is only necessary for large projects with
significant budgets.
Risk management focuses solely on financial risks associated
with the project.
Risk management is less important than scope and schedule
management.
6. Based on PMI's definition, which of these is a good example of a project?
, Following policies and procedures for procuring an item
Designing and launching a new website
Using a checklist to perform quality control
Manufacturing a standard commodity
7. Project Risk Management
focuses on identifying and responding appropriately to
risks that can impact the project.
includes identifying the project phases and activities and
estimating, sequencing, and assigning resources
focuses on coordinating the project plan's development,
execution, and control of changes.
focuses on planning, developing, and managing the quality
environment allowing the project to meet or exceed stakeholder
expectations.
8. In a scenario where a project is falling behind schedule, how can effective project
communications management help address this issue?
By restricting communication to only the project manager to
maintain control.
By facilitating open communication among team members and
stakeholders to identify issues and collaboratively develop
solutions.
By focusing solely on updating the project schedule without
team input.
By eliminating unnecessary meetings to save time.
, 9. Business Acumen is a component of an effective Project Manager's core competencies.
Which of the following would be representative of this skill set:
Building trust and seeking consensus.
Ability to manage project elements, such as schedule, cost, and
risk.
Exhibiting integrity, cultural sensitivity, and courage.
Understanding market conditions and time-to-market factors.
10. What is the primary focus of project integration management according to PMI?
It is concerned with the scheduling of project tasks.
It deals with the identification of project stakeholders.
It involves coordinating all aspects of a project.
It focuses solely on managing project costs.
11. In a scenario where a project manager must decide on resource allocation for a
project, how would Business Acumen influence their decision-making process?
Business Acumen would suggest that the project manager ignore
budget constraints.
Business Acumen would encourage the project manager to
focus only on team dynamics.
Business Acumen would lead the project manager to prioritize
personal relationships over project goals.
Business Acumen would guide the project manager to
consider the project's impact on the organization's overall
financial health and strategic objectives.
