BU 345 Project Management Finals Exam (Qns & Ans) 2026

BU 345 Project Management Finals Exam (Qns & Ans) 2026

1. Which of the following is NOT a phase in the Project
Management Institute's (PMI) project management process
groups?
 - A) Initiating
 - B) Designing
 - C) Executing
 - D) Closing
 Correct ANS: B) Designing
 Rationale: The PMI framework includes five process
groups: Initiating, Planning, Executing, Monitoring &
Controlling, and Closing.
2. Which of the following is an example of a qualitative risk
analysis technique?
 - A) Monte Carlo Simulation
 - B) Risk Probability and Impact Matrix
 - C) Expected Monetary Value Analysis
 - D) Decision Tree Analysis
 Correct ANS: B) Risk Probability and Impact Matrix 

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