Exam 8: Evaluating and Terminating the Project

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Project termination should be treated as a mechanistic process.

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Arquebus, a construction company, undertook a project to build an apartment building two years ago. However, the building's construction had to be halted due to legal issues surrounding the land it was built on. After a lengthy legal battle, Arquebus had to discontinue the project. In the context of project closure, this scenario exemplifies _____.

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Naming the wrong project manager is a fundamental reason for project failure.

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It is best for the project manager and project team to make the termination decision.

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Phillip, an auditor, is conducting a project audit for a company. To be effective, he needs to gather information regarding the project. He can accomplish this by:

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Which of the following is typically not included in the project final report?

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The way project termination is managed can impact the project's success.

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The formal audit is a special type of project evaluation.

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The project audit focuses its attention on the organization's management systems and operations.

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Contrast closure-by-addition with closure-by-integration.

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Albert, a project manager, completed a complex project. He then prepared a project final report for the purview of senior management. In a specific section of the report, he listed the management practices that worked well for the project and helped team members complete the project without any delay. Which of the following items did Albert address in this section?

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A general audit is usually constrained by time and cost and limited to a brief investigation of project essentials.

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The term evaluate means to set the value or appraise.

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Resocore, an event management company, decides to perform an audit for an ongoing project. The company is constrained by time and cost, and therefore limits the audit to a brief investigation of project essentials. In this scenario, Resocore most likely conducts a(n) _____.

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Poor up-front planning is a fundamental reason for project failure.

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Which of the following is not a typical step in a project audit?

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According to research, which of the following is not an important dimension of project success?

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Project evaluation appraises the performance of a project relative to the project's initial or revised plan.

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Which of the following is most closely associated with the output of a project becoming a standard part of the operating systems of the sponsoring firm or client?

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Termination-by-integration occurs when an "in-house" project is successfully completed and institutionalized as a new, formal part of the organization.

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