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You are the project manager for your organization and are coaching Sam on the differences
between a project and operations. Which one of the following is the best definition of a project?
A. A project is a short-term endeavor to create a unique product or service.
B. A project moves through five phases:initiating, planning, executing, monitoring and
controlling, and closing.
C. A project creates a unique product or service for the organization’s customers.
D. A project provides a service to the organization.
Answer: A

Question: 2

Which of the following processes involves monitoring the progress of the project to identify any
variances in the project plan?
A. Closing
B. Controlling
C. Executing
D. Planning
Answer: B

Question: 3

You are the project manager for the HNG Project. Your project is slated to last eight months
but management has asked that you create a method for reducing the project duration. You
elect to allow certain phases of the project to overlap. What schedule compression technique
have you used in this instance?
A. Crashing
B. Lag time
C. Resource leveling
D.Fast tracking

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