Project Management Progression - Qp4 | Attempts: 203

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| By Jackson Matthews

Jackson Matthews

Community Contributor

Quizzes Created: 588 | Total Attempts: 699,834

Questions: 12 | Attempts: 203 | Updated: Mar 19, 2023

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Project Management Progression - Qp4 - Quiz

Revision is something that all students need to do on a regular otherwise if they wish to pass the project management class this fall. The quiz below is the fourth in a series of test on project management progression. Give it a try and see just how ready you are to tackle the upcoming exam this fall. All the best!

Questions and Answers

1.

Project quality and risk are important aspects of the project for the project manager to control.
- A.
  
  True
- B.
  
  False
Correct Answer
A. True

Explanation
The statement is true because project quality and risk are crucial elements that need to be managed by the project manager. Quality ensures that the project meets the required standards and specifications, while risk management helps identify and mitigate potential risks that could impact the project's success. By effectively controlling these aspects, the project manager can ensure that the project is delivered successfully, meeting the desired quality standards and minimizing any potential risks.

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2.

As a general rule in relation to risk, you need to: (Select four)
- A.
  
  Make sure that risk management is part of the project and that everyone related to the project understands the importance of risk management.
- B.
  
  Identify as many risks as you can and identify them as early as you can in the project.
- C.
  
  The chances are, you will be able to identify every risk.
- D.
  
  Talk to people about risk.
- E.
  
  Make sure that you report on risks too.
Correct Answer(s)
A. Make sure that risk management is part of the project and that everyone related to the project understands the importance of risk management.
B. Identify as many risks as you can and identify them as early as you can in the project.
D. Talk to people about risk.
E. Make sure that you report on risks too.

Explanation
The explanation for the given correct answer is that in order to effectively manage risk, it is important to ensure that risk management is integrated into the project and that all individuals involved in the project understand the significance of risk management. Additionally, it is crucial to identify as many risks as possible and identify them early on in the project to mitigate potential negative impacts. Engaging in open communication with stakeholders about risk and regularly reporting on risks are also important aspects of effective risk management.

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3.

There are a number of activities and techniques you can use to identify project risks.
- A.
  
  True
- B.
  
  False
Correct Answer
A. True

Explanation
The statement is true because there are indeed various activities and techniques that can be employed to identify project risks. These may include brainstorming sessions, conducting risk assessments, analyzing historical data, consulting experts, and using tools such as risk registers or checklists. By actively engaging in these activities, project managers can proactively identify potential risks and take appropriate measures to mitigate or manage them effectively.

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4.

______ is a technique where a number of people come together and generate suggestions for something.
- A.
  
  Past projects
- B.
  
  Outside information
- C.
  
  Project documentation
- D.
  
  Brainstorming
- E.
  
  Interviews
Correct Answer
D. Brainstorming

Explanation
Brainstorming is a technique where a number of people come together and generate suggestions for something. This technique encourages creativity and free-flowing ideas by allowing individuals to express their thoughts and suggestions without judgment or criticism. It is commonly used in group settings to generate new ideas, solve problems, or make decisions. During a brainstorming session, participants are encouraged to think outside the box and build upon each other's ideas, ultimately leading to innovative and diverse solutions.

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5.

_____ usually this will involve a change to the project so that the risk is eliminated.
- A.
  
  Avoiding risks
- B.
  
  Transferring the risks
- C.
  
  Reducing the risks
- D.
  
  Accepting the risks
Correct Answer
A. Avoiding risks

Explanation
Avoiding risks typically involves making changes to the project in order to eliminate or minimize the potential risks. This can include altering project plans, processes, or resources to avoid situations that may lead to risks. By avoiding risks, the project team aims to prevent any negative impact that these risks may have on the project's success.

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6.

Risk management is a once-off process.
- A.
  
  True
- B.
  
  False
Correct Answer
B. False

Explanation
The statement "Risk management is a once-off process" is incorrect. Risk management is an ongoing and continuous process that involves identifying, assessing, and mitigating risks in order to minimize their impact on an organization or project. It requires regular monitoring and updating to adapt to changing circumstances and new risks that may arise. Therefore, the correct answer is False.

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7.

As new risks are identified, project plans may need to be updated and changed, action may need to be taken in response to risks and risk registers and contingency plans may need to be updated.
- A.
  
  True
- B.
  
  False
Correct Answer
A. True

Explanation
This statement is true because as new risks are identified, it is necessary to update project plans to incorporate strategies to mitigate those risks. Additionally, action needs to be taken in response to risks that have materialized in order to minimize their impact on the project. Lastly, risk registers and contingency plans need to be updated to reflect any changes in the risk landscape. All of these actions are essential for effective risk management and ensuring project success.

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8.

Quality is usually defined as ‘fitness for purpose’ and in normal business terms, this means it meet the needs of the customer.
- A.
  
  True
- B.
  
  False
Correct Answer
A. True

Explanation
Quality is often measured by its ability to meet the needs and expectations of the customer. This means that a product or service is considered of high quality if it fulfills its intended purpose effectively and efficiently. Therefore, the statement "Quality is usually defined as 'fitness for purpose' and in normal business terms, this means it meets the needs of the customer" is true.

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9.

______ is the monitoring of project outputs to check that they have met the quality required.
- A.
  
  Quality planning
- B.
  
  Quality assurance
- C.
  
  Quality control
Correct Answer
C. Quality control

Explanation
Quality control is the process of monitoring project outputs to ensure that they meet the required quality standards. It involves conducting inspections, tests, and measurements to identify any defects or deviations from the desired quality. Quality control aims to identify and rectify any issues before the final product or service is delivered to the customer. It is an essential part of project management to ensure that the project meets the specified quality criteria and satisfies the customer's expectations.

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Current Version
Mar 19, 2023

Quiz Edited by
ProProfs Editorial Team
Jul 08, 2014

Quiz Created by
Jackson Matthews

Project Management Progression - Qp4

Project quality and risk are important aspects of the project for the project manager to control.

As a general rule in relation to risk, you need to: (Select four)

There are a number of activities and techniques you can use to identify project risks.

______ is a technique where a number of people come together and generate suggestions for something.

_____ usually this will involve a change to the project so that the risk is eliminated.

Risk management is a once-off process.

As new risks are identified, project plans may need to be updated and changed, action may need to be taken in response to risks and risk registers and contingency plans may need to be updated.

Quality is usually defined as ‘fitness for purpose’ and in normal business terms, this means it meet the needs of the customer.

______ is the monitoring of project outputs to check that they have met the quality required.