CTCM Test A exam 2023/2024 with 100% correct answers

Project Management is defined as: - correct answer The discipline of defining and achieving specific goals and objectives for temporary and unique efforts through effective management. An individual responsible for managing the successful planning, implementation, and execution of a system, service or product to meet a need while balancing cost, schedule and performance requirements is a: - correct answer Project Manager One of the four major reasons that projects fail is: - correct answer Communications Breakdown Which of the following is the first step in project initiation? - correct answer Define Needs Documenting and tracking assumptions to resolution is important in order to: - correct answer Manage Risk The scope statement justifies the project by documenting the project objectives, requirements and deliverables. It becomes the basis for the: - correct answer Statement of Work What are two types of project deliverables? - correct answer Internal and External Which is a project manager's responsibility? - correct answer Resist pressure by sponsor or customer to dictate a schedule. Budget planning involves three processes: - correct answer Estimating, Costing, and Pricing Which technique of cost estimation is a mathematical model based on project characteristics and historical experience? - correct answer Parametric Which of the following would likely not be a stakeholder in a project to construct a new highway from Lubbock to Dallas? - correct answer A governor from Montana. In a quality system framework, the highest quality process maturity level is: - correct answer Optimizing Risk management is the estimation and mitigation of which two values? - correct answer Risk event probability