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Project Management Fundamentals: Module 4 Quiz Answers

Welcome to our guide on the Microsoft Project Management Fundamentals course. In this article, I’m providing the complete and accurate answers for the Module 4 quiz. This includes answers for both the Self-review: Project Charter Quiz and the Course Quiz: Project Management Fundamentals. Rest assured, these answers are 100% correct and cover every aspect of the course material.

Microsoft Project Management Fundamentals
Course Module 4 Quiz Answers

Course Link: Project Management Fundamentals

Self-Review: Project Charter Quiz Answers

Question 1: 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?

  • Execution
  • Planning
  • Initiation
  • Product Lifecycle

Question 2: As soon as you’ve developed the project charter, what is the next step in the project?

  • Start engaging the project resources
  • Get the authorities to sign the charter
  • Move to the next project phase
  • Store the document in the organization repository

Question 3: 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?

  • External
  • Internal

Question 4: You completed a project charter in the exercise. Which of the following statements are true about project charters? Select all that apply.

  • Signed by the sponsor
  • Completed in the initiation phase of the project
  • Created in the pre-project phase
  • Created solely by the project manager

Question 5: True or False: The project schedule in the given scenario is 12 months from the start of the project?

  • True
  • False

Question 6: 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? Select all that apply.

  • Cost Baseline
  • Project Charter
  • Project Management Plan
  • Change Log

Question 7: 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?

  • Scope Statement
  • Project Benefits
  • Quality Assurance
  • Project Success Criteria

Question 8: Constraints are project limitations. With reference to the given scenario, identify some of the project constraints from the options below. Select all that apply.

  • Project Schedule
  • Regulatory Compliance
  • Project Knowledge
  • Technology

Question 9: Assumptions are factors that are considered to be true. In the project scenario, identify some of the assumptions from the choices below. Select all that apply.

  • Market Demand for Smartwatches Will Continue to Grow
  • The ABC Corp is the sponsor for this project.
  • Availability of Resources and Materials from Suppliers
  • Approvals Will Fall in Place in a Timely Manner

Question 10: In the given scenario, identify the possible stakeholders in the project. Select all that apply.

  • Office Security
  • Marketing Team
  • Project Sponsor
  • Project Manager

Course Quiz: Project Management Fundamentals Quiz Answers

Question 1: Which of the following are responsibilities of a project manager?

  • End-to-End Project Management Ownership
  • Overseeing Operations
  • Project Success
  • Team Development

Question 2: In the project creation process, the organization appoints business analysts to perform feasibility studies to understand the favorable conditions of implementing the idea. Which of the following artifacts would the feasibility study produce? Select all that apply.

  • Project Charter
  • Project Life Cycle
  • Benefits Management Plan
  • Business Case

Question 3: Benher is a new project manager who is shadowing you for various project management activities. You advise him on the importance of project success and are sharing some of your project management experience. He asks you for the components that determine the success of a project. Select all that apply.

  • Project Schedule
  • Development Approach
  • Project Scope
  • Project Cost

Question 4: In the context of project management, what is value?

  • Profit Earned by Meeting Project Objectives
  • Market Conditions of the Product or Service
  • Worth or Benefit That the Project is Expected to Deliver
  • Cost of a Commodity, Product, or Service Produced

Question 5: Project managers need to demonstrate ethical conduct such as integrity, care, trustworthiness, and compliance. What is this principle known as?

  • Quality
  • Value
  • Stewardship
  • Leadership

Question 6: A project organization runs multiple projects, some of which intend collective benefits from a group of projects. The outcome of these projects is managed by operations for continual support. What centralized leadership will oversee the work done by projects, programs, and operations?

  • Program
  • Operations
  • Organizational Project Management (OPM)
  • Portfolio

Question 7: Which of the following is characterized by knowledge requirements and is explained by suitable processes, methodologies, inputs, tools, techniques, and outputs?

  • Project Management Framework
  • Project Scope
  • Project Schedule
  • Project Deliverables

Question 8: Choose the best practices for managing projects effectively.

  • Stakeholder Engagement
  • Documented Lessons Learned
  • Scope Management
  • Project Team Development

Question 9: As a project manager, you are responsible for organizing and coordinating the activities and resources required to meet the project’s goals. What is this responsibility known as?

  • Leadership
  • Management
  • Execution
  • Planning

Question 10: True or False: The project manager is responsible for ensuring that the project meets the defined quality requirements and delivers the expected outcomes.

  • True
  • False

For further assistance and in-depth learning, refer to the official Microsoft Project Management Fundamentals course.

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