LOMA 335 CHAPTER 14 EXAM
QUESTIONS WITH CORRECT
DETAILED ANSWERS
project charter - Answer-A document authorized by the project sponsor and formally
establishing the existence of a project. [14]
project constraint - Answer-A circumstance that places limitations on a project, and
traditionally includes scope, time and cost. [14]
project lifecycle - Answer-The combination of all project phases from project initiation to
project closure. [14]
project manager - Answer-the person accountable for fulfilling the functions of planning,
organizing, directing and controlling resources so as to achieve a project's established
goal or goals. [14]
project organization chart - Answer-A chart that records a project's lines of authority,
responsibility, accountability, and communication. [14]
project phase - Answer-A segment of the project lifecycle consisting of a set of related
project activities. [14]
project plan - Answer-A formal, approved document used to guide a project through
execution. [14]
project portfolio management (PPM) approach - Answer-A project management
approach that consists of treating all company projects as a project portfolio and
coordinating all projects with one another. [14]
project schedule - Answer-A document that shows links between project elements;
notes dependencies; and shows a sequence that satisfies the project's goals and
constraints, including terminal elements with scheduled start dates and finish dates, as
well as planned dates for performing project activities and meeting project milestones.
[14]
project scope baseline - Answer-The formally authorized version of the combination of a
project's scope statement and work breakdown structure. [14]
project scope - Answer-The totality of results that a project will produce. [14
, project sponsor - Answer-A company executive who authorizes the project, provides
supportive resources to the project, and communicates project information up the
organizational chain of command on behalf of the project. Also known as project
champion or executive sponsor. [14]
project stakeholder - Answer-An internal or external party who has an interest in a
project and expects to benefit from it. [14]
project status - Answer-A project's progress toward completion at a point in time. [14]
project team member - Answer-In project management, a person assigned to perform a
portion of project activities. [14]
project team - Answer-In project management, all people assembled for accomplishing
a project. [14]
project timeline - Answer-In project management, a graphical representation of a
chronological sequence of a project, typically providing only summary information, and
intended to provide an executive overview. Also known as chronology. [14]
schedule variance - Answer-The difference between the scheduled finish date for an
activity and the actual finish date. [14]
scope creep - Answer-In project management, a condition in which features of a project
and its objectives change informally, without formal actions to address and negotiate
changes with project stakeholders. [14]
scope statement - Answer-In project management, a report that clearly sets limits on a
project by specifying the project size, resources, constraints, and deliverables. [14]
stoplight Gantt chart - Answer-A Gantt chart that includes a stoplight status column to
indicate the status of progress for a given row. [14]
summary Gantt chart - Answer-A Gantt chart used to display more than one level of
detail. [14]
activity analysis - Answer-A type of analysis and a report for documenting the results of
a study undertaken to identify how a given project activity is accomplished including the
tasks constituting that activity. [14]
baseline Gantt chart - Answer-In project management, a type of Gantt chart used as the
starting point for a project plan. When placed alongside another display that shows
actual project progress, the baseline Gantt chart can show departures from the plan or
budget. [14]
QUESTIONS WITH CORRECT
DETAILED ANSWERS
project charter - Answer-A document authorized by the project sponsor and formally
establishing the existence of a project. [14]
project constraint - Answer-A circumstance that places limitations on a project, and
traditionally includes scope, time and cost. [14]
project lifecycle - Answer-The combination of all project phases from project initiation to
project closure. [14]
project manager - Answer-the person accountable for fulfilling the functions of planning,
organizing, directing and controlling resources so as to achieve a project's established
goal or goals. [14]
project organization chart - Answer-A chart that records a project's lines of authority,
responsibility, accountability, and communication. [14]
project phase - Answer-A segment of the project lifecycle consisting of a set of related
project activities. [14]
project plan - Answer-A formal, approved document used to guide a project through
execution. [14]
project portfolio management (PPM) approach - Answer-A project management
approach that consists of treating all company projects as a project portfolio and
coordinating all projects with one another. [14]
project schedule - Answer-A document that shows links between project elements;
notes dependencies; and shows a sequence that satisfies the project's goals and
constraints, including terminal elements with scheduled start dates and finish dates, as
well as planned dates for performing project activities and meeting project milestones.
[14]
project scope baseline - Answer-The formally authorized version of the combination of a
project's scope statement and work breakdown structure. [14]
project scope - Answer-The totality of results that a project will produce. [14
, project sponsor - Answer-A company executive who authorizes the project, provides
supportive resources to the project, and communicates project information up the
organizational chain of command on behalf of the project. Also known as project
champion or executive sponsor. [14]
project stakeholder - Answer-An internal or external party who has an interest in a
project and expects to benefit from it. [14]
project status - Answer-A project's progress toward completion at a point in time. [14]
project team member - Answer-In project management, a person assigned to perform a
portion of project activities. [14]
project team - Answer-In project management, all people assembled for accomplishing
a project. [14]
project timeline - Answer-In project management, a graphical representation of a
chronological sequence of a project, typically providing only summary information, and
intended to provide an executive overview. Also known as chronology. [14]
schedule variance - Answer-The difference between the scheduled finish date for an
activity and the actual finish date. [14]
scope creep - Answer-In project management, a condition in which features of a project
and its objectives change informally, without formal actions to address and negotiate
changes with project stakeholders. [14]
scope statement - Answer-In project management, a report that clearly sets limits on a
project by specifying the project size, resources, constraints, and deliverables. [14]
stoplight Gantt chart - Answer-A Gantt chart that includes a stoplight status column to
indicate the status of progress for a given row. [14]
summary Gantt chart - Answer-A Gantt chart used to display more than one level of
detail. [14]
activity analysis - Answer-A type of analysis and a report for documenting the results of
a study undertaken to identify how a given project activity is accomplished including the
tasks constituting that activity. [14]
baseline Gantt chart - Answer-In project management, a type of Gantt chart used as the
starting point for a project plan. When placed alongside another display that shows
actual project progress, the baseline Gantt chart can show departures from the plan or
budget. [14]
