Google Project Management - Project Planning: Module3 Challenge

Question 1: What process involves updating the project budget based on any changes to the project scope, schedule, or resource estimates?

Correct Answer: Reforecasting

Question 2: What approach to cost estimation involves estimating individual work items and summing them up to get a project total?

Correct Answer: Bottom-up approach

Question 3: What process involves comparing actual project performance to the project management plan and taking corrective action if necessary?

Correct Answer: Cost control

Question 4: Which project management methodology emphasizes flexibility, customer collaboration, and iterative development?

Correct Answer: Agile

Question 5: Which document outlines the legal obligations, confidentiality requirements, and ownership rights between parties in a project?

Correct Answer: Non-disclosure agreement (NDA)

Question 6: Why might a company choose not to disclose all project information to a vendor?

Correct Answer: The company is cautious about exposing trade secrets.

Question 7: What is one of the primary activities in the cost management process?

Correct Answer: Review all potential risks to your project

Question 8: What process involves choosing the vendors or sellers who will provide goods and services for the project?

Correct Answer: Selecting

Question 9: What type of contract involves paying a specific amount for the work performed over a certain time period?

Correct Answer: A contract paid for a certain amount of time

Question 10: What project management term refers to a tangible, verifiable work product produced as a result of a project?

Correct Answer: Deliverable