Question 1

What are any four items that prevent effective project closeouts and how can each be avoided?

Accepted Answer

The author lists five common r

Question 2

A comparison of matrix versus functional design would fall under the:

Accepted Answer

A)  project performance section of the final project performance. 
B)  team performance section of the final project performance. 
C)  administrative performance section of the final project performance. 
D)  organizational structure section of the final project performance. 
A)  project performance section of the final project performance. 
B)  team performance section of the final project performance. 
C)  administrative performance section of the final project performance. 
D)  organizational structure section of the final project performance.

Question 3

The project final report is fundamentally:

Accepted Answer

A)  an historical record. 
B)  a review of human activity. 
C)  window dressing for the project. 
D)  a forward-looking document. 
A)  an historical record. 
B)  a review of human activity. 
C)  window dressing for the project. 
D)  a forward-looking document.

Question 4

The difference between a BOT contract and a BOOT contract is that under the BOOT contract:

Accepted Answer

A)  the customer must observe all phases of the project process before the product is handed over. 
B)  the project organization is obligated to complete the project on time. 
C)  the project organization must take initial ownership of the product. 
D)  the customer must organize the project's resources for the project organization. 
A)  the customer must observe all phases of the project process before the product is handed over. 
B)  the project organization is obligated to complete the project on time. 
C)  the project organization must take initial ownership of the product. 
D)  the customer must organize the project's resources for the project organization.

Question 5

The build, operate, transfer option for projects requires the project contractor to take initial ownership of the project in order to make sure it works, thus mitigating risk in the short run.

Accepted Answer

A) True 
 B)False

Question 6

Research indicates that the number one reason for terminating research and development projects is:

Accepted Answer

A)  that the project is found to be inconsistent with organizational goals. 
B)  the project costs more to complete than originally planned. 
C)  the low probability of achieving technical or commercial success. 
D)  increased government restrictions. 
A)  that the project is found to be inconsistent with organizational goals. 
B)  the project costs more to complete than originally planned. 
C)  the low probability of achieving technical or commercial success. 
D)  increased government restrictions.

Question 7

Putting it all to bed during project closeout includes:

Accepted Answer

A)  developing a meaningful measurement system. 
B)  closing all accounting records. 
C)  describing as objectively as possible what occurred. 
D)  completing the punch list. 
A)  developing a meaningful measurement system. 
B)  closing all accounting records. 
C)  describing as objectively as possible what occurred. 
D)  completing the punch list.

Question 8

Some of the greatest challenges facing project teams during termination is:

Accepted Answer

A)  maintaining the energy and motivation to finish. 
B)  providing accurate data for the project final report. 
C)  providing accurate root cause analysis for the project final report. 
D)  finding another project to begin. 
A)  maintaining the energy and motivation to finish. 
B)  providing accurate data for the project final report. 
C)  providing accurate root cause analysis for the project final report. 
D)  finding another project to begin.

Question 9

When contractual claims are defaulted due to the failure of a project to be completed and delivered:

Accepted Answer

A)  the client firm should file an ex-gratia claim. 
B)  the client firm may have some legal claim to punitive damages. 
C)  the project firm should file an ex-gratia claim. 
D)  the project firm may have some legal claim to recovery. 
A)  the client firm should file an ex-gratia claim. 
B)  the client firm may have some legal claim to punitive damages. 
C)  the project firm should file an ex-gratia claim. 
D)  the project firm may have some legal claim to recovery.

Question 10

Loss of team identify during project termination is a significant internal intellectual issue.

Accepted Answer

A) True 
 B)False

Question 11

Which of the following is NOT a component of a baseline project assessment system?

Accepted Answer

A)  the criteria by which benefits of the product or service will be measured 
B)  the points in time at which the measurement or assessment will be carried out 
C)  the method by which the assessment will be communicated to the customer and project organizations 
D)  the individual who has accepted responsibility for carrying out the measurement in the agreed way at the agreed points in time 
A)  the criteria by which benefits of the product or service will be measured 
B)  the points in time at which the measurement or assessment will be carried out 
C)  the method by which the assessment will be communicated to the customer and project organizations 
D)  the individual who has accepted responsibility for carrying out the measurement in the agreed way at the agreed points in time

Question 12

Under the BOT option for a project:

Accepted Answer

A)  the project organization must operate the work product of the project for a while. 
B)  the customer organization must accept the work product of the project at the scheduled delivery date. 
C)  the project organization may build the work product to their own specifications instead of the customer's. 
D)  the customer organization transfers employees to the project organization for the duration of the project. 
A)  the project organization must operate the work product of the project for a while. 
B)  the customer organization must accept the work product of the project at the scheduled delivery date. 
C)  the project organization may build the work product to their own specifications instead of the customer's. 
D)  the customer organization transfers employees to the project organization for the duration of the project.

Question 13

A lessons-learned analysis falls under the project closeout management element of:

Accepted Answer

A)  reviewing how it all went. 
B)  handing over the product. 
C)  finishing the work. 
D)  putting it all to bed. 
A)  reviewing how it all went. 
B)  handing over the product. 
C)  finishing the work. 
D)  putting it all to bed.

Question 14

What are the two types of claims that can arise in the event of project closure and why would one be chosen over another?

Accepted Answer

There are two common types of claims tha

Question 15

Arbitration refers to the formalized system for dealing with grievances and administering corrective justice to parties in a bargaining situation.

Accepted Answer

A) True 
 B)False

Question 16

Activity and funding for the CEO's pet project stopped during the economic downturn and even after her retirement the file remained open. A few years and 30% turnover later, many employees didn't know the purpose of the half finished obelisk in the cafeteria. The obelisk was fated to a permanent half-finished state thanks to its termination by __________.

Accepted Answer

The answer of Activity and funding for the CEO's pet...

Question 17

A final report section on the techniques of project management would include an honest assessment of whether the:

Accepted Answer

A)  benefits promised to the client were actually delivered. 
B)  resource costs could be better estimated. 
C)  project workers came together as a team. 
D)  the project finished on time. 
A)  benefits promised to the client were actually delivered. 
B)  resource costs could be better estimated. 
C)  project workers came together as a team. 
D)  the project finished on time.

Question 18

The BOT option for large projects is designed to:

Accepted Answer

A)  automate the payment process. 
B)  automate the closeout process. 
C)  keep the door open for new projects between the customer and project organization. 
D)  limit risk for the customer in the short run. 
A)  automate the payment process. 
B)  automate the closeout process. 
C)  keep the door open for new projects between the customer and project organization. 
D)  limit risk for the customer in the short run.

Question 19

Static factors that may play a role in the decision to terminate a project early include company image and the presence of high sunk costs.

Accepted Answer

A) True 
 B)False

Question 20

What is arbitration, how does it work, when is it used and what are the two different types?

Accepted Answer

Arbitration is a formalized system for d

What are any four items that prevent effective project closeouts and how can each be avoided?

A comparison of matrix versus functional design would fall under the:

The project final report is fundamentally:

The difference between a BOT contract and a BOOT contract is that under the BOOT contract:

The build, operate, transfer option for projects requires the project contractor to take initial ownership of the project in order to make sure it works, thus mitigating risk in the short run.

Research indicates that the number one reason for terminating research and development projects is:

Putting it all to bed during project closeout includes:

Some of the greatest challenges facing project teams during termination is:

When contractual claims are defaulted due to the failure of a project to be completed and delivered:

Loss of team identify during project termination is a significant internal intellectual issue.

Which of the following is NOT a component of a baseline project assessment system?

Under the BOT option for a project:

A lessons-learned analysis falls under the project closeout management element of:

What are the two types of claims that can arise in the event of project closure and why would one be chosen over another?

Arbitration refers to the formalized system for dealing with grievances and administering corrective justice to parties in a bargaining situation.

A final report section on the techniques of project management would include an honest assessment of whether the:

The BOT option for large projects is designed to:

Static factors that may play a role in the decision to terminate a project early include company image and the presence of high sunk costs.

What is arbitration, how does it work, when is it used and what are the two different types?

Introduction: Why Project Management

The Organizational Context: Strategy, Structure, and Culture

Project Selection and Portfolio Management

Leadership and the Project Manager

Scope Management

Project Team Building, Conflict, and Negotiation

Risk Management

Cost Estimation and Budgeting

Project Scheduling: Networks, Duration Estimation, and Critical Path

Project Scheduling: Lagging, Crashing, and Activity Networks

Critical Chain Project Scheduling

Resource Management

Project Evaluation and Control

Filters

Exam 14: Project Closeout and Termination

What are any four items that prevent effective project closeouts and how can each be avoided?

A comparison of matrix versus functional design would fall under the:

The project final report is fundamentally:

The difference between a BOT contract and a BOOT contract is that under the BOOT contract:

The build, operate, transfer option for projects requires the project contractor to take initial ownership of the project in order to make sure it works, thus mitigating risk in the short run.

Research indicates that the number one reason for terminating research and development projects is:

Putting it all to bed during project closeout includes:

Some of the greatest challenges facing project teams during termination is:

When contractual claims are defaulted due to the failure of a project to be completed and delivered:

Loss of team identify during project termination is a significant internal intellectual issue.

Which of the following is NOT a component of a baseline project assessment system?

Under the BOT option for a project:

A lessons-learned analysis falls under the project closeout management element of:

What are the two types of claims that can arise in the event of project closure and why would one be chosen over another?

Arbitration refers to the formalized system for dealing with grievances and administering corrective justice to parties in a bargaining situation.

A final report section on the techniques of project management would include an honest assessment of whether the:

The BOT option for large projects is designed to:

Static factors that may play a role in the decision to terminate a project early include company image and the presence of high sunk costs.

What is arbitration, how does it work, when is it used and what are the two different types?

Introduction: Why Project Management

The Organizational Context: Strategy, Structure, and Culture

Project Selection and Portfolio Management

Leadership and the Project Manager

Scope Management

Project Team Building, Conflict, and Negotiation

Risk Management

Cost Estimation and Budgeting

Project Scheduling: Networks, Duration Estimation, and Critical Path

Project Scheduling: Lagging, Crashing, and Activity Networks

Critical Chain Project Scheduling

Resource Management

Project Evaluation and Control

Filters