Which project management tool helps teams visualize how many story points they can complete in a sprint and track historical performance?
a) Burnup chart b) Storyboard c) Sprint backlog d) Velocity chart
Correct Answer: d) Velocity chart
Explanation: A velocity chart helps agile teams track how many story points they can complete in a sprint, reviewing historical performance for planning future sprints.
Question 42
Which project phase focuses on gathering project requirements and developing a detailed project plan?
a) Initiating b) Planning c) Executing d) Closing
Correct Answer: b) Planning
Explanation: The planning phase focuses on gathering project requirements, developing the project plan, and determining how to meet project objectives.
Question 43
Which contract type includes reimbursement for all costs incurred by the seller, with an additional incentive for meeting specific performance goals?
a) Time and Material (T&M) b) Fixed Price Incentive Fee (FPIF) c) Cost Plus Incentive Fee (CPIF) d) Firm Fixed Price (F
Correct Answer: c) Cost Plus Incentive Fee (CPIF)
Explanation: A Cost Plus Incentive Fee (CPIF) contract reimburses the seller for all costs and includes an additional incentive for meeting specific performance goals.
Question 44
What tool is used to provide a visual representation of the order and dependencies of activities in a project’s workflow?
a) Milestone chart b) Gantt chart c) Project network diagram d) Control chart
Correct Answer: c) Project network diagram
Explanation: A project network diagram visually represents the order and dependencies of activities in the project’s workflow, helping to plan and track progress.
Question 45
Which agile document contains the prioritized list of features and functionalities to be developed, often referred to as the team’s “to-do list”?
a) Sprint backlog b) Product backlog c) Release plan d) Gantt chart
Correct Answer: b) Product backlog
Explanation: The product backlog contains the prioritized list of features and functionalities that the development team will work on, serving as the team’s “to-do list.”
Question 46
Which project management process ensures that deliverables are formally accepted by the customer and meet their expectations?
a) Validation b) Quality control c) Verification d) Inspection
Correct Answer: a) Validation
Explanation: Validation ensures that deliverables meet customer expectations and are formally accepted by the customer before the project is closed.
Question 47
What tool is used to identify patterns in data over time by plotting data points in sequence?
a) Pareto chart b) Run chart c) Control chart d) Fishbone diagram
Correct Answer: b) Run chart
Explanation: A run chart is used to identify patterns in data over time by plotting data points in sequence, helping to visualize trends or changes.
Question 48
What type of risk response strategy involves transferring the ownership of a risk to a third party, such as an insurance company?
a) Avoid b) Transfer c) Mitigate d) Accept
Correct Answer: b) Transfer
Explanation: Transferring a risk involves moving its ownership to a third party, such as an insurance company, to handle the potential impact.
Question 49
Which agile event focuses on identifying areas for improvement at the end of a sprint to help the team perform better in future sprints?
a) Sprint review b) Daily stand-up c) Sprint planning d) Sprint retrospective
Correct Answer: d) Sprint retrospective
Explanation: A sprint retrospective focuses on identifying areas for improvement at the end of a sprint to help the team enhance its performance in future sprint
Question 50
What project role acts as a liaison between business stakeholders and the project team, ensuring that business needs are met?
a) Scrum master b) Product owner c) Business analyst d) Project sponsor
Correct Answer: c) Business analyst
Explanation: The business analyst serves as the liaison between business stakeholders and the project team, ensuring that business requirements and needs are met.