Scope
What does SMART stand for in project objectives?
Specific, Measurable, Achievable, Relevant, Time-bound
What does the PERT formula calculate?
Expected time duration considering uncertainty.
True or False: You should always show your buffer clearly
False, call it contingency or range
What does RAID log stand for?
Risks, Assumptions, Issues, Dependencies
What’s the difference between a deliverable and a task?
A deliverable is an output; a task is an activity to achieve it.
Why multiply most likely by 4 in PERT?
To give higher weight to the most realistic estimate
What’s your first move when a task goes over budget?
Check for scope change or resource allocation errors.
Example of a risk mitigation strategy?
Add a backup vendor or resource.
What’s one common reason scope statements fail?
Vague language and unclear boundaries.
What’s the risk of fast-tracking a project task?
Increased rework and coordination issues.
One hidden cost PMs often forget?
Team training, licensing, or post-launch support.
What happens when risk planning is skipped?
Surprises derail the project with no fallback.
Define out of scope with a real-life example.
Example: Mobile app functionality is not included in Phase 1.
How does Critical Path help identify project delays?
It shows the longest path of dependent tasks, any delay here affects the project.
Best way to justify budget increase to sponsor?
Tie it to value, ROI, or risk avoidance.
Difference between risk and issue?
Risk = potential; Issue = happening now.
Build a 2-level WBS for planning a weekend trip
Level 1: Travel, Stay, Activities
Level 2: Book tickets, Reserve hotel, Itinerary.
Estimate this: O=2, M=4, P=8. Use PERT.
(2+4×4+8)/6 = 26/6 = ~4.33 days
Client wants a new feature after budget lock. What do you do?
Raise a formal change request with cost/time impact.
Name 3 signs your project is failing.
Constant rework, low team morale, delayed milestones.