PRACTICE EXAMINATION 2026
QUESTIONS WITH ANSWERS GRADED
A+
◍ Project.
Answer: Any temporary endeavor with a specified start and end date. It
exists to develop a unique product, service, or result that may become a part
of the organization's ongoing operations.
◍ Project Management.
Answer: The application of knowledge, skills, tools, and techniques to
project activities. Involves managing everything about the project to get the
desired result.
◍ Defining.
Answer: initial phase of the project life cycle, determining the project's
sponsor and manager, creating a charter
◍ Operations.
Answer: The ongoing, daily activities of an organization that produce
revenue and expenses. They continue over an indefinite period of time,
creating business transactions and delivering products and services that
generate revenue.
◍ Scope Management.
Answer: Processes that ensure all work required is identified to complete the
project successfully.
◍ Time Management.
Answer: Processes required to manage the timely completion of the project.
,◍ Cost Management.
Answer: Processes involved in planning, estimating, budgeting, managing,
and controlling costs so that the project can be completed within the
approved budget.
◍ Planning.
Answer: second phase of the project lifecycle: technology, business process,
staffing, training, testing, communications, budget constraints, integration of
the project with operations and other projects
◍ Quality Management.
Answer: Processes and activities that determine quality policies, objectives
and responsibilities.
◍ HR Management.
Answer: Processes that organize, manage and lead the project team.
◍ Executing.
Answer: third phase of the project lifecycle: overseeing and managing all
necessary work and assignments by members of the project team
◍ Closing.
Answer: the last phase of the project lifecycle: when the project is
completed to the customer's satisfaction. Deliverables have been
successfully launched, a review and transfer of lessons learned
◍ Program.
Answer: a group of relate projects
◍ Portfolio.
Answer: group of related programs that support a long-term company goal
or objective
◍ Communication Management.
Answer: Processes to ensure timely and appropriate planning, creation,
distribution, management, control, and monitoring of project information.
◍ Risk Management.
, Answer: Processes of conducting risk management planning, identification,
analysis, response planning, and controlling risk on projects.
◍ Charter.
Answer: a document that, like a contract, is agreed upon by the sponsor and
key stakeholders. It defines the project and authorizes the resources, roles,
responsibilitie, authorities, and scope for the project
◍ Procurement Management.
Answer: Processes necessary to acquire products, services, or results needed
from outside the project team.
◍ Change requests (CR).
Answer: changes in scope, schedule, or funding should be submitted to the
appropriate board for a decision
◍ Stakeholder Management.
Answer: Processes required to identify all people or organizations impacted
by the project, analyze stakeholder expectations, and develop appropriate
strategies for effectively engaging stakeholders in project decisions and
execution.
◍ Change control board (CCB).
Answer: ensures that the change doe not negatively impact the project triple
constraints
◍ Project Reports.
Answer: provide a history and can be very important in understanding the
factors behind a project's successes and failures
◍ Scenario.
Answer: An imagined or projected sequence of events, especially any of
several detailed plans or possibilities.
◍ Business Scenario.
Answer: A description of a business situation or problem that describes
relevant Past events, Current key information, Expected or desired
, outcomes.
◍ Business Strategy.
Answer: Consists of the activities, methods, and tactics that will be
employed to meet the business's goals.
◍ Program.
Answer: A group of projects that support the goals and objectives of the
company; it may be established and is a group of related projects.
◍ Collaboration Tools.
Answer: a software product to help manage the creating and communication
of the plan and tasks to be performed.
◍ Work Breakdown Structure.
Answer: ensures everyone undertands what has to be delivered and who is
responsible for doing what and when.
◍ Conflict Management.
Answer: communicate clearly and often and do it some more; establish
expectations, address conflict immediately, stay focused on the project and
goals
◍ PMI.
Answer: Project Management Institute: publishes 2 types of standards:
foundational and practice.
◍ PMBOK.
Answer: Project manager's book of knowledge: standards define that they
are best practices but may not apply to every project in every company and
every industry
◍ Portfolio.
Answer: A group of related programs that support a long-term company goal
or objective.
◍ Defining Phase.
Answer: Determining the project's sponsor and the project's manager.