EXAM 300+ QUESTIONS AND CORRECT
ANSWERS LATEST UPDATE 2026/2027
GRADED A+ .
,1. What is a project? ✓✓ Correct answer Any temporary endeavor with specific start and end dates that results in a unique product, service, or result
2. What does project management involve? ✓✓ Correct answer Managing everything about the project to get the desired result
3. What are organizations? ✓✓ Correct answer Complex entities that engage in two types of activities ✓✓ Correct answer operations and projects
4. What is a project (in terms of business activity)? ✓✓ Correct answer A project modifies the business or its products for future
profitability. A project develops a new product or service, including ✓✓ Correct answer new technology features, an improved service, or cost reduction for the business in
providing services, such as better accounting systems.
5. Why are organizations becoming increasingly complex? ✓✓ Correct answer - Changing workforce demo-
graphics
- Increased use of technology
- Increase in cross-cultural workforce and customer bases
- Increase in international activities
- Increase in demand for high-complexity, low-cost products
- Shorter product life cycles
- Increase in corporate social responsibility
- Increase in corporate ethical practices
6. Who were the "parents" of time and motion study? ✓✓ Correct answer Frank and Lillian Gilbreth
7. Who was the father of scientific management? ✓✓ Correct answer Frederick Taylor
8. Which associate of Frederick Taylor studied organizational operations, specif-ically management technique in the
construction of WWI Navy ships? ✓✓ Correct answer Henry Gantt
9. What is a Gantt chart? ✓✓ Correct answer A horizontal bar chart that sequences tasks and provides the duration of each task
10. What are the 10 distinct areas in which project managers must be compe-tent? ✓✓ Correct answer - Integration
management
- Scope management
- Time management
- Cost management
- Quality management
- Human resources management
, - Communication management
-Risk management
- Procurement management
- Stakeholder management
11. What is a mnemonic for remembering the 10 competencies a project man-ager must have? ✓✓ Correct answer It's so
tricky (to) cradle quirky hounds. CR(i)P(e)S!
Integration, scope, time, cost, quality, human resources, communication, risk, procurement, stakeholder
12. What is integration management? ✓✓ Correct answer Includes processes and activities needed to identify, define, and coordinate various
processes and project management activities
13. What is scope management? ✓✓ Correct answer Includes the processes that ensure that all the work required is identified to complete the
project successfully
14. What is time management? ✓✓ Correct answer Includes the processes required to manage the timely completion of the project
15. What is cost management? ✓✓ Correct answer Includes the processes involved in planning, estimating, budgeting, managing, and controlling
costs so that the project can be completed within the approved budget
16. What is quality management? ✓✓ Correct answer Includes processes and activities that determine quality policies, objectives, and responsibilities
17. What is human resources management? ✓✓ Correct answer Includes the processes that organize, manage, and lead the project team
18. What is communication management? ✓✓ Correct answer Includes processes to ensure timely and appropriate planning, creation,
distribution, management, control, and monitoring of project information
19. What is risk management? ✓✓ Correct answer Includes the processes of conducting risk management planning, identification, analysis,
response planning, and controlling risk on a project
20. What is procurement management? ✓✓ Correct answer Includes the processes necessary to acquire products, services, or results needed
from outside the project team
21. What is stakeholder management? ✓✓ Correct answer Includes the processes required to identify all people or organizations impacted by the
project, analyze stakeholder expectations, and develop appropriate strategies for ettectively engaging stakeholders in project decisions and execution
22. What are some of the people skills a project manager must have? ✓✓ Correct answer - Negotiation
- Conflict resolution
- Written and oral communication