Project Management Midterm Exam Chapters 1 – 7/
Actual Test Questions with Detailed Verified
Answers / Already Graded A/ 2025.
Project flow represented by arrows
Warm up with practice questions
Learn / Study with Learn
Uncertain or chance events that planning cannot overcome or control
Choose matching term
1 Work packages 2 Project Scope
Project Managers must ensure
that
appropriate trade-offs are made
3 Ris 4 between the _____, _______,
k and
_________________ requirements
of the
project.
Don't know?
Terms in this set (43)
, Free slack the amount of time an activity can be delayed without
delaying any immediate following activity
Total slack how long it can be delayed without delaying the total
project
Work packages Lowest level of project activity estimate of both time and
cost associated with it can be accurately estimated
Lag The minimum amount of time a dependent activity must be
delayed to begin or end
Risk Management An attempt to recognize and manage potential and unforeseen
trouble spots that may occur when the project is implemented
Risk Uncertain or chance events that planning cannot overcome or
control
Risk avoidance Changing the project plan to eliminate the risk or condition
Risk severity matrix color Red zone (major risk)
code Yellow zone (moderate risk)
Green zone (minor risk)
Risk severity matrix Risk Value = Impact × Probability × Detection
Provides a basis for prioritizing which risks to address.
( Red , yellow , green )
Project Management Professional organization for project managers
Institute (PMI)
Project Managers must time , cost, performance
ensure that appropriate
trade-offs are made
between the _____,
_______, and
_________________
requirements of the
project.
Actual Test Questions with Detailed Verified
Answers / Already Graded A/ 2025.
Project flow represented by arrows
Warm up with practice questions
Learn / Study with Learn
Uncertain or chance events that planning cannot overcome or control
Choose matching term
1 Work packages 2 Project Scope
Project Managers must ensure
that
appropriate trade-offs are made
3 Ris 4 between the _____, _______,
k and
_________________ requirements
of the
project.
Don't know?
Terms in this set (43)
, Free slack the amount of time an activity can be delayed without
delaying any immediate following activity
Total slack how long it can be delayed without delaying the total
project
Work packages Lowest level of project activity estimate of both time and
cost associated with it can be accurately estimated
Lag The minimum amount of time a dependent activity must be
delayed to begin or end
Risk Management An attempt to recognize and manage potential and unforeseen
trouble spots that may occur when the project is implemented
Risk Uncertain or chance events that planning cannot overcome or
control
Risk avoidance Changing the project plan to eliminate the risk or condition
Risk severity matrix color Red zone (major risk)
code Yellow zone (moderate risk)
Green zone (minor risk)
Risk severity matrix Risk Value = Impact × Probability × Detection
Provides a basis for prioritizing which risks to address.
( Red , yellow , green )
Project Management Professional organization for project managers
Institute (PMI)
Project Managers must time , cost, performance
ensure that appropriate
trade-offs are made
between the _____,
_______, and
_________________
requirements of the
project.
