C722- UNIT 5 -Project Management
Questions and All Correct Answers
2026 Update.
What does PERT stand for - Answer Project evaluation and review technique
What does CPM stand for? - Answer Critical path method
What does CCPM stand for? - Answer Critical chain project management
What is The Waterfall method? - Answer a traditional practice which found its best use in
software and hardware development.
What does PRINCE2 stand for - Answer Projects in controlled environments
____________________Developed in the 1950s for the U.S. Navy, this method uses statistical
analysis to estimate activity duration times
PERT (Project evaluation and review technique)
CPM (Critical path method)
CCPM (Critical chain project management )
Waterfall Method
PRINCE2 (Projects in controlled environments) - Answer PERT (Project evaluation and review
technique)
Correct! PERT was developed in the 1950s for the U.S. Navy. This method uses statistical
analysis to estimate activity duration times.
______________Used previously in software development, this method organizes project tasks
into linear workflows
PERT (Project evaluation and review technique)
CPM (Critical path method)
CCPM (Critical chain project management )
, Waterfall Method
PRINCE2 (Projects in controlled environments) - Answer Waterfall Method
Correct! Waterfall was used previously in software development. This method organizes project
tasks into linear workflows.
___________________Developed for the Dupont Corporation to estimate activity time
durations, this method assumes time can be reliably estimated.
PERT (Project evaluation and review technique)
CPM (Critical path method)
CCPM (Critical chain project management )
Waterfall Method
PRINCE2 (Projects in controlled environments) - Answer CPM (Critical path method)
Correct! CPM was developed for the Dupont Corporation to estimate activity time duration and
assumes time can be reliably estimated.
____________Focuses on managing the uncertainties of a project and builds buffers into the
schedule to prevent key activities from failing.
PERT (Project evaluation and review technique)
CPM (Critical path method)
CCPM (Critical chain project management )
Waterfall Method
PRINCE2 (Projects in controlled environments) - Answer CCPM (Critical chain project
management )
Correct! Critical chain focuses on managing the uncertainties of a project and builds buffers into
the schedule to prevent key activities from failing.
_____________Focuses on the specification of outputs, including very specific processes and
terminology
PERT (Project evaluation and review technique)
CPM (Critical path method)
CCPM (Critical chain project management )
Questions and All Correct Answers
2026 Update.
What does PERT stand for - Answer Project evaluation and review technique
What does CPM stand for? - Answer Critical path method
What does CCPM stand for? - Answer Critical chain project management
What is The Waterfall method? - Answer a traditional practice which found its best use in
software and hardware development.
What does PRINCE2 stand for - Answer Projects in controlled environments
____________________Developed in the 1950s for the U.S. Navy, this method uses statistical
analysis to estimate activity duration times
PERT (Project evaluation and review technique)
CPM (Critical path method)
CCPM (Critical chain project management )
Waterfall Method
PRINCE2 (Projects in controlled environments) - Answer PERT (Project evaluation and review
technique)
Correct! PERT was developed in the 1950s for the U.S. Navy. This method uses statistical
analysis to estimate activity duration times.
______________Used previously in software development, this method organizes project tasks
into linear workflows
PERT (Project evaluation and review technique)
CPM (Critical path method)
CCPM (Critical chain project management )
, Waterfall Method
PRINCE2 (Projects in controlled environments) - Answer Waterfall Method
Correct! Waterfall was used previously in software development. This method organizes project
tasks into linear workflows.
___________________Developed for the Dupont Corporation to estimate activity time
durations, this method assumes time can be reliably estimated.
PERT (Project evaluation and review technique)
CPM (Critical path method)
CCPM (Critical chain project management )
Waterfall Method
PRINCE2 (Projects in controlled environments) - Answer CPM (Critical path method)
Correct! CPM was developed for the Dupont Corporation to estimate activity time duration and
assumes time can be reliably estimated.
____________Focuses on managing the uncertainties of a project and builds buffers into the
schedule to prevent key activities from failing.
PERT (Project evaluation and review technique)
CPM (Critical path method)
CCPM (Critical chain project management )
Waterfall Method
PRINCE2 (Projects in controlled environments) - Answer CCPM (Critical chain project
management )
Correct! Critical chain focuses on managing the uncertainties of a project and builds buffers into
the schedule to prevent key activities from failing.
_____________Focuses on the specification of outputs, including very specific processes and
terminology
PERT (Project evaluation and review technique)
CPM (Critical path method)
CCPM (Critical chain project management )
