Exam 2: Identifying and Selecting Projects

Disadvantages for doing a project may have a positive impact on an organization.

A project should have weekly project status review meetings supplemented with written project reports.

The building constructed will have at least R-38 insulation rating for the ceiling and R-28 for the walls.This is an example of the ____ in a project charter.

The constraints for a project include the requirement to outsource due to the organization's lack of having expertise with its own staff.

The project objective in the project charter indicates the deliverable, schedule, and budget for a project.

The project charter helps the team to

The RFP might state the approvals required by the contractor.

The first step in project selection is to

The major deliverables in the project charter describe the details of the work packages in the work breakdown structure.

The final decision of which projects to select is the responsibility of

The success criteria in the project charter indicate the expected benefits of the project including what the expectations are for project success.

The RFP should indicate the due date by which the customer expects potential contractors to submit proposals.

All projects require a project charter to start the project.

The reaction of an advocacy group is categorized as a negative consequence for a project.

Evaluating various needs or opportunities, and then deciding which should be moved forward as a project is called:

A contract might be for a fixed price; the customer will pay the contractor whatever the actual costs are for the materials and the time.

The purpose of preparing a request for proposal is to state, comprehensively and in detail, what is required, from the customer's point of view, to address the ____.

Project life cycles

In a ____ contract, the customer will pay the contractor a set amount regardless of how much the work actually costs the contractor.

The initiating phase of the project life cycle starts with