Question 1

The project charter should include as many risks as can be brainstormed to be sure to have enough funds for contingencies.

Accepted Answer

A) True 
 B)False

Question 2

Some RFPs mention the type of contract the customer intends to use.

Accepted Answer

A) True 
 B)False

Question 3

A formal request for proposal is prepared for

Accepted Answer

A)  finding out what competitors would do to solve a problem. 
B)  projects that are to be completed by an internal project team. 
C)  projects where a relationship has been built and the customer wants what the contractor can provide. 
D)  projects that the company decides need to be addressed by an external resource or through a competitive process. 
A)  finding out what competitors would do to solve a problem. 
B)  projects that are to be completed by an internal project team. 
C)  projects where a relationship has been built and the customer wants what the contractor can provide. 
D)  projects that the company decides need to be addressed by an external resource or through a competitive process.

Question 4

The acceptance criteria deals with the scope of the project, outlining the tasks or work elements the customer wants the contractor or project team to perform.

Accepted Answer

A) True 
 B)False

Question 5

The project acceptance criteria should

Accepted Answer

A)  summarize the need and justification for the project. 
B)  state the quantitative criteria expected for the products to be accomplished. 
C)  state the major end products or major items expected to be produced. 
D)  be concise and create a vision for the end result of the project. 
A)  summarize the need and justification for the project. 
B)  state the quantitative criteria expected for the products to be accomplished. 
C)  state the major end products or major items expected to be produced. 
D)  be concise and create a vision for the end result of the project.

Question 6

The RFP should state what deliverables the customer expects the contractor to provide.

Accepted Answer

A) True 
 B)False

Question 7

The inclusion of instructions for format and content of the contractor proposals in the RFP

Accepted Answer

A)  eliminates the need for an evaluation team. 
B)  is so that a fair evaluation can be made. 
C)  helps ensure the proposals are received by the due date. 
D)  is a requirement in every RFP. 
A)  eliminates the need for an evaluation team. 
B)  is so that a fair evaluation can be made. 
C)  helps ensure the proposals are received by the due date. 
D)  is a requirement in every RFP.

Question 8

The chances of making the best decision about which projects to implement are increased by

Accepted Answer

A)  having a bidders' meeting to discuss the RFP. 
B)  inviting a large number of stakeholders to review the projects. 
C)  having only one person make a decision about which projects to implement. 
D)  having a well-rounded committee and well-understood evaluation criteria. 
A)  having a bidders' meeting to discuss the RFP. 
B)  inviting a large number of stakeholders to review the projects. 
C)  having only one person make a decision about which projects to implement. 
D)  having a well-rounded committee and well-understood evaluation criteria.

Question 9

The initiating phase of the project life cycle starts with recognizing a need.

Accepted Answer

A) True 
 B)False

Question 10

If a company has limited funds and people to pursue several identified needs, then the company

Accepted Answer

A)  should select only those projects that are lowest in cost. 
B)  should select only those projects that could be done by an external contractor. 
C)  must go through a decision-making process and select the projects with the greatest benefit. 
D)  should reduce the project scope of every project. 
A)  should select only those projects that are lowest in cost. 
B)  should select only those projects that could be done by an external contractor. 
C)  must go through a decision-making process and select the projects with the greatest benefit. 
D)  should reduce the project scope of every project.

Question 11

Quantitative benefits of a project are the intangible benefits of completing a project such as employee morale.

Accepted Answer

A) True 
 B)False

Question 12

A good RFP allows contractors or a project team to understand what the customer expects.

Accepted Answer

A) True 
 B)False

Question 13

A request for proposals helps the organization decide which contractor to use.

Accepted Answer

A) True 
 B)False

Question 14

Project approval requirements state when the sponsor wants to review the progress of the project and make decisions about moving to the next phase.

Accepted Answer

A) True 
 B)False

Question 15

The project charter is also called a project authorization or a project initiation document.

Accepted Answer

A) True 
 B)False

Question 16

The implementation of the new procedure is expected to reduce costs of production by 10% over the next year.This is an example of the ____ in a project charter.

Accepted Answer

A)  acceptance criteria 
B)  project objective 
C)  project description 
D)  success criteria and expected benefits 
A)  acceptance criteria 
B)  project objective 
C)  project description 
D)  success criteria and expected benefits

Question 17

An assumption for a construction project could be

Accepted Answer

A)  the materials to be used to construct the building. 
B)  a grant will be secured to help fund the project. 
C)  the regulations and codes required for the building. 
D)  the size of the building that is to be constructed. 
A)  the materials to be used to construct the building. 
B)  a grant will be secured to help fund the project. 
C)  the regulations and codes required for the building. 
D)  the size of the building that is to be constructed.

Question 18

An RFP might state the payment terms the customer intends to use.

Accepted Answer

A) True 
 B)False

Question 19

The new employees are expected to receive $13 million of Fast Start training that will be provided by a state workforce development grant.This is an example of the ____ in a project charter.

Accepted Answer

A)  acceptance criteria 
B)  key assumptions 
C)  project description 
D)  success criteria and expected benefits 
A)  acceptance criteria 
B)  key assumptions 
C)  project description 
D)  success criteria and expected benefits

Question 20

The RFP must state the project objective or purpose, including any rational or background information that may be helpful to contractors so that they can prepare thorough and responsive proposals.

Accepted Answer

A) True 
 B)False

The project charter should include as many risks as can be brainstormed to be sure to have enough funds for contingencies.

Some RFPs mention the type of contract the customer intends to use.

A formal request for proposal is prepared for

The acceptance criteria deals with the scope of the project, outlining the tasks or work elements the customer wants the contractor or project team to perform.

The project acceptance criteria should

The RFP should state what deliverables the customer expects the contractor to provide.

The inclusion of instructions for format and content of the contractor proposals in the RFP

The chances of making the best decision about which projects to implement are increased by

The initiating phase of the project life cycle starts with recognizing a need.

If a company has limited funds and people to pursue several identified needs, then the company

Quantitative benefits of a project are the intangible benefits of completing a project such as employee morale.

A good RFP allows contractors or a project team to understand what the customer expects.

A request for proposals helps the organization decide which contractor to use.

Project approval requirements state when the sponsor wants to review the progress of the project and make decisions about moving to the next phase.

The project charter is also called a project authorization or a project initiation document.

The implementation of the new procedure is expected to reduce costs of production by 10% over the next year.This is an example of the ____ in a project charter.

An assumption for a construction project could be

An RFP might state the payment terms the customer intends to use.

The new employees are expected to receive $13 million of Fast Start training that will be provided by a state workforce development grant.This is an example of the ____ in a project charter.

The RFP must state the project objective or purpose, including any rational or background information that may be helpful to contractors so that they can prepare thorough and responsive proposals.

Project Management Concepts

Developing Project Proposals

Defining Scope, Quality, Responsibility, and Activity Sequence

Developing the Schedule

Resource Utilization

Determining Costs, Budget and Earned Value

Managing Risk

Closing the Project

The Project Manager

The Project Team

Project Communication and Documentation

Project Management Organizational Structures

Filters

Exam 2: Identifying and Selecting Projects

The project charter should include as many risks as can be brainstormed to be sure to have enough funds for contingencies.

Some RFPs mention the type of contract the customer intends to use.

A formal request for proposal is prepared for

The acceptance criteria deals with the scope of the project, outlining the tasks or work elements the customer wants the contractor or project team to perform.

The project acceptance criteria should

The RFP should state what deliverables the customer expects the contractor to provide.

The inclusion of instructions for format and content of the contractor proposals in the RFP

The chances of making the best decision about which projects to implement are increased by

The initiating phase of the project life cycle starts with recognizing a need.

If a company has limited funds and people to pursue several identified needs, then the company

Quantitative benefits of a project are the intangible benefits of completing a project such as employee morale.

A good RFP allows contractors or a project team to understand what the customer expects.

A request for proposals helps the organization decide which contractor to use.

Project approval requirements state when the sponsor wants to review the progress of the project and make decisions about moving to the next phase.

The project charter is also called a project authorization or a project initiation document.

The implementation of the new procedure is expected to reduce costs of production by 10% over the next year.This is an example of the ____ in a project charter.

An assumption for a construction project could be

An RFP might state the payment terms the customer intends to use.

The new employees are expected to receive $13 million of Fast Start training that will be provided by a state workforce development grant.This is an example of the ____ in a project charter.

The RFP must state the project objective or purpose, including any rational or background information that may be helpful to contractors so that they can prepare thorough and responsive proposals.

Project Management Concepts

Developing Project Proposals

Defining Scope, Quality, Responsibility, and Activity Sequence

Developing the Schedule

Resource Utilization

Determining Costs, Budget and Earned Value

Managing Risk

Closing the Project

The Project Manager

The Project Team

Project Communication and Documentation

Project Management Organizational Structures

Filters