MGMT 430 - EXAM 2 QUESTIONS WITH
100% CORRECT ANSWERS LATEST
VERSION 2025/2026.
Project Charter - ANS A document issued by the project initiator or sponsor that formally
authorizes the existence of a project and provides the project manager with authority to apply
organizational resources to project activities
Sponsor - ANS A person or group who provides resources and support for the project or
program and is accountable for enabling success (internal or external customer)
Project Boundary - ANS The point in time at which the start or completion of the project or a
project phase is authorized
Project Statement of Work (SOW) - ANS Narrative description of the project deliverable
(products, services, results) and entails the business need, product scope, and strategic plan
Business Case (BC) - ANS Describes the necessary information from business standpoint to
determine whether or not the project is worth the required investment (cost-benefit analysis)
Agreement - ANS Takes form of contracts (external) and memos
1 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED.
, Enterprise Environmental Factors - ANS Government and industry standards, regulations,
market conditions, and firm cultures
Organizational Process Assets - ANS Company standards or policies
Expert Judgement - ANS Often used to assess the inputs used to develop the project charter.
It is applied to all technical and management details during this process. Such expertise is
provided by any group or person with specialized knowledge
Facilitation Techniques - ANS Encompass broad applications in PM processes and guide the
development of the project charter. Ex. of key techniques include: Brainstorming, conflict
resolution, problem solving, and meeting management
Purpose - ANS Short summary for senior managers and anyone unfamiliar with the project.
Entails a statement of general goals and their relationship to firm's objectives (BC)
Objectives - ANS Contains a detailed statement of the general goals, what constitutes
success, and how the project will be terminated (aims of BC and goal based on SOW)
Overview - ANS This section describes both the managerial and the technical approaches to
the work ( deviation from routine procedure and available technologies)
Schedules - ANS Outline the various schedules and lists all the milestones events and/or
phase-gates. Summary tasks are listed with estimated times (projected baseline schedule)
Resources - ANS The three main aspects to this section include the budget, a complete list
and description of contractual items, and the cost monitoring and control procedures
2 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED.
100% CORRECT ANSWERS LATEST
VERSION 2025/2026.
Project Charter - ANS A document issued by the project initiator or sponsor that formally
authorizes the existence of a project and provides the project manager with authority to apply
organizational resources to project activities
Sponsor - ANS A person or group who provides resources and support for the project or
program and is accountable for enabling success (internal or external customer)
Project Boundary - ANS The point in time at which the start or completion of the project or a
project phase is authorized
Project Statement of Work (SOW) - ANS Narrative description of the project deliverable
(products, services, results) and entails the business need, product scope, and strategic plan
Business Case (BC) - ANS Describes the necessary information from business standpoint to
determine whether or not the project is worth the required investment (cost-benefit analysis)
Agreement - ANS Takes form of contracts (external) and memos
1 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED.
, Enterprise Environmental Factors - ANS Government and industry standards, regulations,
market conditions, and firm cultures
Organizational Process Assets - ANS Company standards or policies
Expert Judgement - ANS Often used to assess the inputs used to develop the project charter.
It is applied to all technical and management details during this process. Such expertise is
provided by any group or person with specialized knowledge
Facilitation Techniques - ANS Encompass broad applications in PM processes and guide the
development of the project charter. Ex. of key techniques include: Brainstorming, conflict
resolution, problem solving, and meeting management
Purpose - ANS Short summary for senior managers and anyone unfamiliar with the project.
Entails a statement of general goals and their relationship to firm's objectives (BC)
Objectives - ANS Contains a detailed statement of the general goals, what constitutes
success, and how the project will be terminated (aims of BC and goal based on SOW)
Overview - ANS This section describes both the managerial and the technical approaches to
the work ( deviation from routine procedure and available technologies)
Schedules - ANS Outline the various schedules and lists all the milestones events and/or
phase-gates. Summary tasks are listed with estimated times (projected baseline schedule)
Resources - ANS The three main aspects to this section include the budget, a complete list
and description of contractual items, and the cost monitoring and control procedures
2 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED.
