A) Requires that a terminated project be completed before damages are awarded. B) Requires empanelment of equal numbers from both the client and project organizations to reach a verdict. C) Should be used to settle disputes only if the principle of caveat emptor does not apply. D) Can settle outstanding claims or disputes provided that all parties agree to its use. A) Requires that a terminated project be completed before damages are awarded. B) Requires empanelment of equal numbers from both the client and project organizations to reach a verdict. C) Should be used to settle disputes only if the principle of caveat emptor does not apply. D) Can settle outstanding claims or disputes provided that all parties agree to its use.

Exam 14: Project Closeout and Termination

A mainframe computer company decided to enter the personal computer market with its Floridian Project, but subsequently decided to leave the market to focus on the mainframe business. The decision rule that they probably applied was to get out:

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(Multiple Choice)

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Question 1

Correct Answer:

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Disbanding the project team should be:

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(Multiple Choice)

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Question 2

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What is a lessons-learned meeting with regards to project management? Describe the benefits and behaviors of such a meeting.

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Question 3

Correct Answer:

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A lessons-learned meeting is a post-project review that examines the project process and how it served the project organization well and where it might have failed. The potential benefits of a lessons-learned meeting are enormous. The project organization can uncover better ways of organizing the entire range of their project work. These lessons, if properly archived and disseminated, can become part of the organization's knowledge base. During such a meeting there are three important guidelines for project teams to follow:
Establish clear rules of behavior for all parties to the meeting.
Describe as objectively as possible what occurred.
Fix the problem not the blame.

Termination by addition occurs when:

(Multiple Choice)

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Question 4

One major deterrent to effective project closeout is client acceptance of the project.

(True/False)

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Question 5

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

(Multiple Choice)

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Question 6

Which statement about project closeout activities is BEST?

(Multiple Choice)

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Question 7

A static factor that may lead to early termination for a project is:

(Multiple Choice)

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Question 8

In August 2012, after twenty years in development, the combination heart monitor-ashtray for hospital intensive care patients was finally terminated, a victim of the change in the social acceptability of smoking in general and in particular, smoking by hospital patients. This is an example of natural termination.

(True/False)

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Question 9

Which of these project closeout management steps listed is ongoing throughout the closeout process?

(Multiple Choice)

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Question 10

How do the four types of project termination differ?

(Essay)

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Question 11

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

(Essay)

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Question 12

Binding arbitration:

(Multiple Choice)

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Question 13

The formalized system of dealing with grievances and administering corrective justice to parties in a bargaining position is:

(Multiple Choice)

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Question 14

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

(True/False)

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Question 15

What are the six major categories of factors that may influence the decision to terminate a project early? Provide examples of each.

(Essay)

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Question 16

The closeout step that requires all contractual documents be recorded and archived is:

(Multiple Choice)

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Question 17

The BOT option for large projects is designed to:

(Multiple Choice)

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Question 18

Systematic errors could be BEST described as:

(Multiple Choice)

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Question 19

A successful project that also creates a need for a change to organizational structure is probably terminated by:

(Multiple Choice)

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Question 20

Showing 1 - 20 of 101

A mainframe computer company decided to enter the personal computer market with its Floridian Project, but subsequently decided to leave the market to focus on the mainframe business. The decision rule that they probably applied was to get out:

Disbanding the project team should be:

What is a lessons-learned meeting with regards to project management? Describe the benefits and behaviors of such a meeting.

Termination by addition occurs when:

One major deterrent to effective project closeout is client acceptance of the project.

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

Which statement about project closeout activities is BEST?

A static factor that may lead to early termination for a project is:

Which of these project closeout management steps listed is ongoing throughout the closeout process?

How do the four types of project termination differ?

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

Binding arbitration:

The formalized system of dealing with grievances and administering corrective justice to parties in a bargaining position is:

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

What are the six major categories of factors that may influence the decision to terminate a project early? Provide examples of each.

The closeout step that requires all contractual documents be recorded and archived is:

The BOT option for large projects is designed to:

Systematic errors could be BEST described as:

A successful project that also creates a need for a change to organizational structure is probably terminated by:

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

Advanced Topics in Planning and Scheduling: Agile and Critical Chain

Resource Management

Project Evaluation and Control

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