FBLA Project Management Exam
Questions and Correct Answers
What is project management?
Planning, organizing, and controlling work to meet goals.
What are the five process groups in project management?
Initiating, Planning, Executing, Monitoring & Controlling, Closing.
What are the characteristics of a project?
Temporary, unique outcome, defined start/end, specific goals, limited resources.
What are the PM Knowledge Areas?
Integration, scope, schedule, cost, quality, resources, communication, risk,
procurement, stakeholders.
, What are the phases of the project life cycle?
Concept, planning, execution, control, closure.
Who are stakeholders in a project?
People who affect or are affected by the project.
What traits should a project manager have?
Leads the team, manages scope/time/cost, communicates clearly, solves problems,
negotiates, stays organized.
What is the difference between project requirements and scope?
Requirements = what must be delivered; Scope = detailed work needed to deliver
it.
What is a Work Breakdown Structure (WBS)?
Breaks project into tasks/subtasks to estimate time, cost, and responsibilities.
What is a Gantt chart?
A timeline chart that shows tasks, durations, and dependencies.
Questions and Correct Answers
What is project management?
Planning, organizing, and controlling work to meet goals.
What are the five process groups in project management?
Initiating, Planning, Executing, Monitoring & Controlling, Closing.
What are the characteristics of a project?
Temporary, unique outcome, defined start/end, specific goals, limited resources.
What are the PM Knowledge Areas?
Integration, scope, schedule, cost, quality, resources, communication, risk,
procurement, stakeholders.
, What are the phases of the project life cycle?
Concept, planning, execution, control, closure.
Who are stakeholders in a project?
People who affect or are affected by the project.
What traits should a project manager have?
Leads the team, manages scope/time/cost, communicates clearly, solves problems,
negotiates, stays organized.
What is the difference between project requirements and scope?
Requirements = what must be delivered; Scope = detailed work needed to deliver
it.
What is a Work Breakdown Structure (WBS)?
Breaks project into tasks/subtasks to estimate time, cost, and responsibilities.
What is a Gantt chart?
A timeline chart that shows tasks, durations, and dependencies.
