Question: A project management team is reviewing the causes of variances and the reasoning behind corrective actions implemented in response.

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Project Management Terminology

Project Scope Management. Project Scope Management includes the processes required to ensure that the project includes all the work required, and only the work required, to complete the project successfully.

Quality Management System. The organizational framework whose structure provides the policies, processes, procedures, and resources required to implement the quality management plan. The typical project quality management plan should be compatible to the organization’s quality management system.

Common Acronyms

RFQ (english) : Request for Quotation

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Question to a Project Management Professional

Question Select the best option
A project management team is reviewing the causes of variances and the reasoning behind corrective actions implemented in response. What is the process the team is involved in?
  1. Develop Project Management Plan.
  2. Control Procurements.
  3. Perform Qualitative Risk Analysis.
  4. Close Project or Phase.
Answer & Explanation
Right answer
    1. Develop Project Management Plan.
    2. Control Procurements.
    3. Perform Qualitative Risk Analysis.
    4. Close Project or Phase.

Explanation : The causes of variances and the reasoning behind the corrective actions taken are lessons learned. They are assessed during closure.

Why are more than 790.000 executives around the globe certified as PMP?

  • Reason 1: Better opportunities for attractive positions
  • Reason 2: Prospects of above average income
  • Reason 3: Personal development
  • Reason 4: Knowledge and ability up to date
  • Reason 5: Competences in the international context
  • Reason 6: Comprehensive operational capability
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Discover how you can accomplish your PMP in 6 months as a very busy person.

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