Project Management Fundamentals Quiz Answers: Practice & Graded Quizzes

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Welcome to your ultimate guide for Project Management Fundamentals quiz answers! Whether you’re tackling practice quizzes or preparing for the graded quizzes, we’ve got you covered.

This post includes answers for all modules, from Module 01 to Module 04!

Project Management Fundamentals Module 01 Quiz Answers

General Knowledge Quiz Answers

Q1. You are the manager of a graphic design team that has been tasked with creating a series of promotional materials for a new product launch. Given the tight deadline, you decide to use generative AI to expedite the design process.
Which of the following approaches would be the best use of generative AI to meet your objective?

Correct Answer: Use a generative adversarial network (GAN) to create a variety of realistic images based on textual descriptions provided by the marketing team.

Explanation: GANs are well-suited for generating realistic images, making them ideal for quickly creating design assets for promotional materials.

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Q2. As the head of a logistics company facing frequent supply chain disruptions due to unpredictable demand fluctuations, you decide to incorporate generative AI to improve efficiency.
Which of the following best uses generative AI when addressing this challenge?

Correct Answer: Use generative AI to forecast demand trends and simulate various supply chain scenarios for better planning.

Explanation: Generative AI can model complex scenarios and predict trends, helping optimize logistics and supply chain management during demand fluctuations.

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Q3. True or False: Generative adversarial networks (GANs) involve two neural networks, the generator and the discriminator, which work together in an adversarial process to create highly realistic outputs.

Correct Answer: True

Explanation: GANs consist of a generator that creates data and a discriminator that evaluates it, iteratively improving the generator’s outputs until they are highly realistic.

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Q4. Generative AI models like GPT and BERT use a mechanism called __________ to understand and generate contextually relevant text.

Correct Answer: Self-attention

Explanation: Self-attention mechanisms enable models like GPT and BERT to understand relationships between words in a sequence, ensuring contextually relevant and coherent outputs.

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Q5. As the HR manager of a growing tech company, you are implementing generative AI to streamline the recruitment process.
Which strategy best addresses the ethical concerns associated with AI in hiring?

Correct Answer: Implementing rigorous testing and auditing of the AI system to identify and correct biases in the resume screening process.

Explanation: Testing and auditing AI systems help identify and mitigate biases, ensuring fair and ethical use in recruitment processes.

Knowledge check: The role of a project manager Quiz Answers

Q1. Who is primarily responsible for the success of a project?

Correct Answer: Project manager

Explanation: The project manager is responsible for overseeing the project’s success, ensuring that the project meets its objectives within scope, time, and budget.

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Q2. True or False: When an organization decides to undergo a change in the way it onboards new hires, it will be executed through project management.

Correct Answer: True

Explanation: Organizational changes, such as modifying onboarding processes, are typically managed as projects, following project management methodologies.

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Q3. What is the document that grants authority to a project manager to start the project?

Correct Answer: Project Charter

Explanation: The project charter is the formal document that authorizes the project manager to initiate the project and defines its scope and objectives.

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Q4. What are the different phases of a project lifecycle?

Correct Answer: Initiation, planning, execution, monitoring and control, closing

Explanation: These five phases represent the complete lifecycle of a project, covering the initial idea to the final closure and review.

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Q5. What are the documents referenced for the development of the Project Charter?

Correct Answer: Business Case

Explanation: The business case outlines the justification for the project and is used to develop the project charter.

Knowledge check: Project management principles Quiz Answers

Q1. What is the framework in which portfolio, program, and project management are integrated with organizational enablers in order to achieve strategic objectives?

Correct Answer: Organizational Project Management (OPM)

Explanation: Organizational Project Management (OPM) is the framework in which portfolio, program, and project management are integrated with organizational enablers to achieve strategic objectives.

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Q2. True or False: A Project Management Office (PMO) is a component of Organizational Project Management (OPM).

Correct Answer: True

Explanation: A Project Management Office (PMO) is indeed a component of Organizational Project Management (OPM), helping to align projects and programs with organizational goals.

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Q3. What are the four values of project management?

Correct Answer: Respect, responsibility, fairness, and honesty

Explanation: These four values of project management are crucial for maintaining ethical standards and fostering a collaborative and transparent project environment.

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Q4. Which principle in project management involves identifying, assessing, and handling potential uncertainties that could impact the project?

Correct Answer: Risk

Explanation: The principle of risk management involves identifying, assessing, and handling potential uncertainties that could impact the project, ensuring that risks are minimized or managed effectively.

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Q5. Which of the following serves as guidelines for designing strategies, decisions, and problem-solving in a project environment?

Correct Answer: Project management principles

Explanation: Project management principles serve as guidelines for designing strategies, decisions, and problem-solving in a project environment, helping to align the project with best practices.

Project Management Fundamentals Module 02 Quiz Answers

Knowledge check: Project processes and process groups Quiz Answers

Q1. Which of the following terms best describes this sentence: ‘A systematic series of activities causing an end result, that one or more inputs will be acted upon to create one or more outputs.’

Correct Answer: Process

Explanation: The term “process” describes a systematic series of activities that transform inputs into outputs, leading to a desired end result.

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Q2. True or False: The tailoring process involves 4 steps.

Correct Answer: False

Explanation: The tailoring process involves adapting project management approaches based on project needs and does not always follow a rigid set of 4 steps.

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Q3. A review at the end of a project phase in which a decision is made to continue to the next phase is called the _____.

Correct Answer: Phase gate

Explanation: A phase gate, or stage gate, is a review point in the project lifecycle where decisions are made about whether to proceed to the next phase.

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Q4. What does tailoring in project management involve?

Correct Answer: Customizing approaches to suit the project and organization

Explanation: Tailoring involves adapting project management practices, methodologies, and processes to fit the specific needs of the project and the organization.

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Q5. The Benefits Management plan may include which of the following? Select all the correct options.

Correct Answer:

• Target Benefits
• Strategic alignment
• Metrics
• Time frame for realizing benefits
  Explanation: The Benefits Management Plan outlines the expected benefits of a project, how they will be measured, and the time frame for their realization. Risks are typically not part of this plan.

Knowledge check: Project management plan Quiz Asnwers

Q1. From the following identify which subsidiary plan focuses on detailing how project reports and project information needs will be defined, validated and controlled throughout the project lifecycle.

Correct Answer: Communication Management Plan

Explanation: The Communication Management Plan outlines how project communication will be structured, including the reporting and handling of project information throughout the project lifecycle.

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Q2. True or False: There are 10 subsidiary plans which are components of the Project Management Plan.

Correct Answer: False

Explanation: There are generally more than 10 subsidiary plans within the Project Management Plan, as it includes various plans and components based on the project’s needs.

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Q3. What determines the success of a project? Select all that apply.

Correct Answer:

• Project success is determined when the project meets the project objectives.
• Project success is determined when the intended benefits are realized at the end of the project.
  Explanation: A project’s success is typically measured based on whether it meets its objectives and achieves the intended benefits, rather than simply adhering to constraints like cost or schedule.

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Q4. In the context of project success, what does the acronym KPI stand for?

Correct Answer: Key Performance Indicators

Explanation: KPI stands for Key Performance Indicators, which are metrics used to measure the success of a project in terms of its goals and performance.

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Q5. What is a key metric used to measure project success?

Correct Answer: Benefits Realization

Explanation: Benefits Realization is a key metric to assess whether the intended benefits of the project have been achieved, which is often used to measure project success.

Knowledge check: The project environment Quiz Answers

Q1. Which level of PMO exercises a moderate level of authority over project management processes? Select the correct option.

Correct Answer: Controlling PMO

Explanation: A Controlling PMO has a moderate level of authority, providing guidance and support to projects and ensuring they follow established processes, procedures, and standards.

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Q2. True or False: A Functional Structure provides effective project authority to project managers.

Correct Answer: False

Explanation: In a Functional Structure, authority remains with the functional manager, not the project manager, which limits the project manager’s authority over the project.

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Q3. Which of the following encompasses the documented processes, procedures, and guidelines that an organization has developed over time?

Correct Answer: Organizational Process Assets

Explanation: Organizational Process Assets are the accumulated processes, procedures, and guidelines that an organization has developed to standardize and improve project management practices.

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Q4. In the context of project success, what does the acronym E-PMO stand for? Select the correct option.

Correct Answer: Enterprise PMO

Explanation: E-PMO stands for Enterprise Project Management Office, which is responsible for overseeing the management of projects across the entire organization.

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Q5. Which of the following in project management, is a fundamental aspect that ensures projects are executed efficiently, transparently, and in alignment with organizational objectives? Select the correct option.

Correct Answer: Governance

Explanation: Governance in project management ensures that projects are managed in alignment with organizational objectives and standards, ensuring transparency and efficiency.

Knowledge check: Development approaches Quiz Answers

Q1. What is a key characteristic of the adaptive development approach? Select the correct option.

Correct Answer: Iterative and incremental development

Explanation: Adaptive development is characterized by iterative and incremental processes that allow for flexibility and the ability to adapt to changing requirements throughout the development cycle.

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Q2. Which of the following can be seen as a benefit of incremental development approach in software development?

Correct Answer: Reduces project risk by accommodating changing requirements.

Explanation: Incremental development allows for flexibility, accommodating changes in requirements and reducing the overall project risk by making adjustments as the development progresses.

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Q3. What development approach combines elements of both Predictive and Adaptive methodologies, offering flexibility while maintaining some level of structure?

Correct Answer: Hybrid

Explanation: The Hybrid approach combines both Predictive and Adaptive methodologies, providing structure while allowing flexibility to respond to changing needs and circumstances.

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Q4. Which of the following best describes the key characteristic of iterative development approach in software development?

Correct Answer: Repeating cycles of planning, execution, evaluation, and refinement

Explanation: Iterative development involves repeating cycles (or iterations) of planning, executing, evaluating, and refining the product to improve the result with each cycle.

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Q5. Which of the following development approaches emphasizes thorough upfront planning and sequential execution of project phases?

Correct Answer: Predictive

Explanation: Predictive development focuses on detailed planning at the beginning of the project, followed by sequential execution of predefined project phases.

Project Management Fundamentals Module 03 Quiz Answers

Knowledge check: Models, methods, and artifacts Quiz Answers

Question 1
Which of the following is a method?
Correct Answer: Scope decomposition
Explanation: Scope decomposition is a method used in project management to break down the overall project scope into smaller, manageable components, facilitating better planning and execution.

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Question 2
True or False: Models outline the phases, processes, and activities involved in managing projects from initiation to closure.
Correct Answer: True
Explanation: Models provide a structured framework that outlines the key phases, processes, and activities necessary for effective project management from start to finish.

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Question 3
Who is the sole reason behind the initiation of a project?
Correct Answer: Sponsor
Explanation: The sponsor is typically the person or entity that initiates a project, providing the vision, support, and resources necessary for its execution.

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Question 4
Which of the following is the correct expansion for the acronym OSCAR?
Correct Answer: Outcome, Situation, Choice / Consequences, Actions and Review
Explanation: OSCAR is a framework used to facilitate decision-making and problem-solving by analyzing outcomes, situations, choices, actions, and their reviews.

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Question 5
True or False: RASCI and RACI belong to situational leadership models.
Correct Answer: False
Explanation: RASCI and RACI are responsibility assignment matrices used in project management to define roles and responsibilities, not situational leadership models.

Project Management Fundamentals Module 04 Quiz Answers

Self-review: Project charter Quiz Answers

Q1. In the Project charter exercise, you were tasked with creating a project charter for ABC Corp’s smartwatch project. As the project manager, in which phase of the project would you complete the process of developing a project charter?

Correct Answer: Initiation

Explanation: The project charter is developed during the initiation phase to formally authorize the project and define its objectives and stakeholders.

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Q2. As soon as you’ve developed the project charter, what is the next step in the project?

Correct Answer: Get the authorities to sign the charter

Explanation: After creating the project charter, it must be reviewed and signed by the appropriate authorities to formally authorize the project.

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Q3. In the exercise scenario, ABC Corp decided to develop and sell the smartwatch through a project and assigned you as the project manager. Is this an internal or external project?

Correct Answer: Internal

Explanation: This is an internal project as it is initiated and executed within ABC Corp to meet its business objectives.

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Q4. You completed a project charter in the exercise. Which of the following statements are true about project charters?

Correct Answer:

• Created in the pre-project phase
• Completed in the initiation phase of the project
• Signed by the sponsor
  Explanation: The project charter is typically created in the pre-project phase and finalized during the initiation phase. It is signed by the sponsor to authorize the project.

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Q5. True or False: The project schedule in the given scenario is 12 months from the start of the project?

Correct Answer: True

Explanation: The project schedule in the scenario is stated to be 12 months from the project start date.

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Q6. In the scenario, the project cost is estimated at $5 million, which is included in the project charter under the project budget. If you realize the project will cost more than estimated later in the project lifecycle, which of the following documents will you need to update?

Correct Answer:

• Project management plan
• Cost baseline
• Change log
  Explanation: The project management plan and cost baseline need to be updated to reflect the new cost estimates, and the change log is updated to record any changes made.

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Q7. In the given scenario, you know that the smartwatch has to be launched within the approved schedule and budget given in the charter. You also know that the product must meet the consumer’s expectations and demands. What are these called in the context of project management?

Correct Answer: Project success criteria

Explanation: Project success criteria define the standards that a project must meet, including scope, budget, schedule, and quality.

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Q8. Constraints are project limitations. With reference to the given scenario, identify some of the project constraints from the options below.

Correct Answer:

• Technology
• Regulatory compliance
• Project schedule
  Explanation: Constraints are factors that limit project execution, such as technological capabilities, compliance requirements, and strict schedules.

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Q9. Assumptions are factors that are considered to be true. In the project scenario, identify some of the assumptions from the choices below.

Correct Answer:

• Approvals will fall in place in a timely manner
• Market demand for smartwatches will continue to grow
• Availability of resources and materials from suppliers
  Explanation: Assumptions are factors considered true without verification and are critical for planning.

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Q10. In the given scenario, identify the possible stakeholders in the project.

Correct Answer:

• Project manager
• Project sponsor
• Marketing team
  Explanation: Stakeholders are individuals or groups involved in or affected by the project, such as the project manager, sponsor, and marketing team.

Additional Resources

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Note: These Questions are based on the official Project Management Fundamentals course offered by Coursera

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