Weekly Challenge 3

Weekly Challenge 3 | Foundations of Project Management | week-3

1.

Question 1

What are the phases of the project life cycle?

Make a plan, initiate the project, communicate progress, close the project

Initiate the project, make a plan, measure and analyze tasks, close the project

Initiate the project, make a plan, execute and complete tasks, close the project

Initiate the project, make a plan, communicate progress, close the project

Correct

2.

Question 2

Why is it important to initiate a project (phase one) before making a plan (phase two)?

Because establishing your team is crucial to have in place before understanding scope, cost, and timeline

Because understanding scope, cost, and timeline is crucial to creating a budget, setting a schedule, and determining roles and responsibilities

Because creating a budget, setting a schedule, and determining roles and responsibilities is crucial to understanding scope, cost, and timeline

Because executing and completing tasks is crucial to understanding scope, cost, and timeline

Correct

3.

Question 3

What is the term for a set of guiding principles and processes for owning a project through its life cycle?

Waterfall methodology

Project life cycle

Project management methodology

Life cycle methodology

Correct

4.

Question 4

Which project management methodology is organized in sequential phases (including initiating, planning, executing, and closing)?

Waterfall methodology

DMAIC methodology

Agile methodology

Lean Six Sigma methodology

Correct

5.

Question 5

As a project manager, your team is launching a new product. Each step to launch the product includes clearly defined tasks. A task won’t begin until another task ends. Also, once the project starts, any changes to the product will be expensive. Which project management methodology is best for this project?

Waterfall methodology

Scrum methodology

Agile methodology

Lean Six Sigma methodology

Correct

6.

Question 6

The Lean Six Sigma approach includes which of the following phases?

Define, measure, analyze, improve, control

Connect, control, impact, apply, analyze

Measure, define, apply, improve, control

Impact, measure, define, control, analyze

Correct

7.

Question 7

Which of the following are project manager responsibilities during the initiation phase? Select all that apply.

Create a budget

Determine resources needed

Correct

Get project approval

Correct

Define project goals

Correct

8.

Question 8

Which of the following are project manager responsibilities during the execution phase? Select all that apply.

Do the majority of the work

Make adjustments to the schedule, budget, and resources

Correct

Manage the project’s progress

Correct

Handle communication for the team

Correct

9.

Question 9

In which project phase does the project manager break down barriers for teammates and address weaknesses in task processes?

Execute the project

Initiate the project

Make a plan

Close the project

Correct

10.

Question 10

Which project management approach is an Agile framework that delivers products through an iterative process?

Lean

Waterfall

Scrum

Six Sigma

Correct