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Question 1
What best defines a portfolio in project management?
A. A single project with a defined goal
B. A group of unrelated tasks
C. A collection of related programs supporting long-term goals
D. A temporary activity
Correct Answer: C
Rationale:
A portfolio is the highest-level structure in project management. It aligns
multiple programs with strategic organizational objectives.
• Focus = long-term value and alignment
• Includes multiple programs and projects
Question 2
A program is best described as:
A. A temporary activity
B. A group of related projects
C. A financial investment
D. A single deliverable
Correct Answer: B
,Rationale:
Programs coordinate multiple related projects to achieve benefits that would
not be possible if managed individually.
Hierarchy:
Portfolio → Program → Project
Question 3
What is a project?
A. Ongoing operational work
B. A repetitive task
C. A temporary effort to create a unique product or service
D. A permanent department
Correct Answer: C
Rationale:
Projects are:
• Temporary (have a start and end)
• Unique (not routine work)
Key exam word: unique outcome
Question 4
What is the primary purpose of a project charter?
A. Track costs
B. Authorize the project and define scope and roles
C. Monitor progress
D. Close the project
Correct Answer: B
Rationale:
The charter is a formal authorization document that:
• Defines scope
• Assigns authority
• Allocates resources
,Without a charter → project is not officially recognized
Question 5
SMART objectives stand for:
A. Strategic, Measured, Accurate, Relevant, Timed
B. Specific, Measurable, Attainable, Relevant, Timely
C. Simple, Manageable, Achievable, Realistic, Tested
D. Structured, Meaningful, Accurate, Reliable, Timed
Correct Answer: B
Rationale:
SMART ensures objectives are:
• Clear
• Achievable
• Time-bound
Prevents vague or unrealistic goals
Question 6
What are the three components of the triple constraint?
A. Cost, quality, risk
B. Scope, time, cost
C. Resources, budget, communication
D. Planning, execution, closure
Correct Answer: B
Rationale:
The triple constraint defines project success:
• Scope (what is delivered)
• Time (schedule)
• Cost (budget)
Changing one impacts the others
, Question 7
What is the purpose of a Work Breakdown Structure (WBS)?
A. Track financial returns
B. Define project communication
C. Break down work into manageable tasks
D. Evaluate stakeholders
Correct Answer: C
Rationale:
WBS:
• Divides project into smaller components
• Improves accountability
• Supports time/cost estimates
Foundation of planning
Question 8
What is stakeholder analysis used for?
A. Calculating cost
B. Identifying stakeholders and their needs
C. Defining timelines
D. Managing risks
Correct Answer: B
Rationale:
Stakeholder analysis ensures:
• Proper communication
• Stakeholder satisfaction
• Reduced resistance
Question 9
What is the role of the Change Control Board (CCB)?
A. Create project schedule
B. Approve and track project changes