1) The final phase of the project lifecycle, where the project is formally closed and evaluated, is called a) Closure b) Planning c) Execution d) Initiation 2) The phase in the project lifecycle where the project deliverables are created and completed is known as a) Closure b) Execution c) Initiation d) Planning 3) A flexible project management methodology that focuses on iterative progress and collaboration is called a) Lean b) PRINCE2 c) Agile d) Waterfall 4) A methodology that breaks down projects into small, manageable phases or stages is known as a) PRINCE2 b) Agile c) Scrum d) Waterfall 5) The first phase of the project lifecycle, where the project is defined and approved, is called a) Planning b) Initiation c) Execution d) Closure 6) The process of identifying, analysing, and responding to risks is called a) Risk Management b) Issue Management c) Scope Management d) Quality Management

Unit 003 Project Management

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