Exam 8: Evaluating and Terminating the Project

Project audits are typically very useful in the initiation project state.

According to research, future potential is an important dimension of project success.

A special type of project termination characterized by its unexpected suddenness and initiated by events such as forced retirement of the projects champion or the merger of the firm conducting the project with another firm is referred to as termination by "murder'".

Which of the following is not a type of project termination mentioned in the text?

Project evaluation should only appraise the progress and performance of a project relative to the project's initial plan and not relative to a revised plan.

Rathalos Inc., a logistics firm, initiates a project to optimize its transportation infrastructure. After conducting research, the project team concludes that using a fleet of company-owned trucks for any transportation within 100 miles and relying on external firms for any distance beyond that will drastically improve the company's performance. Rathalos Inc. decides to incorporate these findings into its day-to-day operations after the project is closed. In the context of project closures, this scenario exemplifies _____.

Describe what type of information would be in the critical management issues section of the audit report?

What are the main duties of the termination manager?

What criteria should be included in evaluating a project?

It is generally advisable to have the project manager serve as the termination manager.

What are the steps in a project audit?