OPMA 407 PROJECT MANAGEMENT FINAL EXAM QUESTIONS AND ANSWERS
STUDY GUIDE 2026/2027 | COMPLETE FINAL REVIEW
What are the 4 stages of a project life cycle? - ANS ✔✔1) Project Formation
2) Project Build-up
3) Main program
4) Project phase-out
What are 5 strategies to deal with conflict? (CACAC) - ANS ✔✔- Competing
- Avoiding
- Collaborating
- Accommodating
- Compromising
MRQ: What are four potential sources of conflict during the project formation stage?
**On final exam** - ANS ✔✔1) Technical objectives not significantly detailed or explained -->
difficult to define, but must be for conflict resolution to begin.
2) Identifying, obtaining, and retaining resources --> easy to make promises that are difficult to
keep later on.
3) Priority of resource use.
4) Selection of project organizational structure to align goals.
,MRQ: What are likely sources of conflict during project build-up, main program, and phase-out?
- ANS ✔✔Build-up - Priorities, scheduling, and administrative processes. Conflict between PM
and functional managers.
Main Program - Schedules, due to delays. Technical conflicts also significant.
Phase-out - Deadlines. Personality conflicts also due to jockeying for recognition.
MRQ: What are the three main requirements of project negotiation? - ANS ✔✔1) No
irreparable harm to project's objectives.
2) Honesty-supported methods between negotiating parties.
3) Solutions must satisfy needs of stakeholders.
MRQ: Describe the 4 points of principled negotiation. - ANS ✔✔1) Separate people from
problem.
2) Focus on interests instead of positions.
3) Invent win-win options.
4) Objective criteria to settle disputes.
MRQ: What is monitoring? What activities are part of monitoring? - ANS ✔✔Collecting,
recording, and reporting information concerning all aspects of project performance.
Monitoring should be kept distinct from controlling and evaluation.
, - WBS = scope + time
- Cost = budget
- Recording data
- Collecting data
- Reporting
MRQ: What are the key factors that need to be considered when setting up a monitoring
system? (5)
**On final exam** - ANS ✔✔1) Elements of scope, time, and cost that the project team should
*control*.
2) Focus on output rather than activity/process. Seek to get the job done.
3) Minimize the use of resource consumption.
4) Appropriate level of precision (detail).
5) Timely, relevant, and consistent information to stakeholders.
MRQ: What are factors that are difficult to monitor? - ANS ✔✔Intangible aspects related to
performance:
- Team morale, customer satisfaction, quality of relationships w/ stakeholders.
MRQ: What is a routine report? - ANS ✔✔A report issued in a predetermined format on a
regular basis.
STUDY GUIDE 2026/2027 | COMPLETE FINAL REVIEW
What are the 4 stages of a project life cycle? - ANS ✔✔1) Project Formation
2) Project Build-up
3) Main program
4) Project phase-out
What are 5 strategies to deal with conflict? (CACAC) - ANS ✔✔- Competing
- Avoiding
- Collaborating
- Accommodating
- Compromising
MRQ: What are four potential sources of conflict during the project formation stage?
**On final exam** - ANS ✔✔1) Technical objectives not significantly detailed or explained -->
difficult to define, but must be for conflict resolution to begin.
2) Identifying, obtaining, and retaining resources --> easy to make promises that are difficult to
keep later on.
3) Priority of resource use.
4) Selection of project organizational structure to align goals.
,MRQ: What are likely sources of conflict during project build-up, main program, and phase-out?
- ANS ✔✔Build-up - Priorities, scheduling, and administrative processes. Conflict between PM
and functional managers.
Main Program - Schedules, due to delays. Technical conflicts also significant.
Phase-out - Deadlines. Personality conflicts also due to jockeying for recognition.
MRQ: What are the three main requirements of project negotiation? - ANS ✔✔1) No
irreparable harm to project's objectives.
2) Honesty-supported methods between negotiating parties.
3) Solutions must satisfy needs of stakeholders.
MRQ: Describe the 4 points of principled negotiation. - ANS ✔✔1) Separate people from
problem.
2) Focus on interests instead of positions.
3) Invent win-win options.
4) Objective criteria to settle disputes.
MRQ: What is monitoring? What activities are part of monitoring? - ANS ✔✔Collecting,
recording, and reporting information concerning all aspects of project performance.
Monitoring should be kept distinct from controlling and evaluation.
, - WBS = scope + time
- Cost = budget
- Recording data
- Collecting data
- Reporting
MRQ: What are the key factors that need to be considered when setting up a monitoring
system? (5)
**On final exam** - ANS ✔✔1) Elements of scope, time, and cost that the project team should
*control*.
2) Focus on output rather than activity/process. Seek to get the job done.
3) Minimize the use of resource consumption.
4) Appropriate level of precision (detail).
5) Timely, relevant, and consistent information to stakeholders.
MRQ: What are factors that are difficult to monitor? - ANS ✔✔Intangible aspects related to
performance:
- Team morale, customer satisfaction, quality of relationships w/ stakeholders.
MRQ: What is a routine report? - ANS ✔✔A report issued in a predetermined format on a
regular basis.
