Question 1

Which type of project termination can occur for a project that is successful and for a project that is unsuccessful?

Accepted Answer

A)  Termination by addition 
B)  Termination by integration 
C)  Termination by extinction 
D)  Termination by starvation 
A)  Termination by addition 
B)  Termination by integration 
C)  Termination by extinction 
D)  Termination by starvation

Question 2

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 3

Which of these factors weighs heavily in the decision to terminate a project?

Accepted Answer

A)  Inability to protect results 
B)  Increased market receptiveness 
C)  Meeting project cost milestones 
D)  Low probability of return on investment 
A)  Inability to protect results 
B)  Increased market receptiveness 
C)  Meeting project cost milestones 
D)  Low probability of return on investment

Question 4

Which of these statements about early termination decisions is BEST?

Accepted Answer

A)  The decision to pull the plug is usually clear-cut. 
B)  A project's viability is usually a purely internal issue. 
C)  Projects that can fulfill a useful purpose in the marketplace are not killed. 
D)  External reasons, such as a change in the organization's environment, are often the reasons for project termination. 
A)  The decision to pull the plug is usually clear-cut. 
B)  A project's viability is usually a purely internal issue. 
C)  Projects that can fulfill a useful purpose in the marketplace are not killed. 
D)  External reasons, such as a change in the organization's environment, are often the reasons for project termination.

Question 5

What are the major types of paperwork that must be closed out at the end of a project? What are some elements of each type?

Accepted Answer

The end of a project requires the close

Question 6

The rapid evolution of technology and the need to freeze a project's scope can combine to render a project:

Accepted Answer

A)  Too costly to complete. 
B)  Obsolete before it can be finished. 
C)  A poor fit with current company strategy. 
D)  So complex that it will take too long to complete. 
A)  Too costly to complete. 
B)  Obsolete before it can be finished. 
C)  A poor fit with current company strategy. 
D)  So complex that it will take too long to complete.

Question 7

Surveys on the early warning signs of project failure indicate that a red flag for failure is:

Accepted Answer

A)  The time to complete the project lengthens. 
B)  The lack of viable commercial objectives. 
C)  The political forces have turned against the project. 
D)  The benefits of the project won't be realized until the end. 
A)  The time to complete the project lengthens. 
B)  The lack of viable commercial objectives. 
C)  The political forces have turned against the project. 
D)  The benefits of the project won't be realized until the end.

Question 8

Describe the four early warning signs of project failure.

Accepted Answer

One study attempted to determine the war

Question 9

Of the project closeout management steps listed, the last is to:

Accepted Answer

A)  Hand over the project. 
B)  Finish the work. 
C)  Gain acceptance for the product. 
D)  Review how it all went. 
A)  Hand over the project. 
B)  Finish the work. 
C)  Gain acceptance for the product. 
D)  Review how it all went.

Question 10

The final project report should answer questions related to project performance, such as:

Accepted Answer

A)  How the organization's operating structure either helped or hindered the project team and their efforts. 
B)  How the project fared compared to baseline schedule and budget. 
C)  How consistently the organization estimated the completion time for activities. 
D)  How close the project came to achieving its goals. 
A)  How the organization's operating structure either helped or hindered the project team and their efforts. 
B)  How the project fared compared to baseline schedule and budget. 
C)  How consistently the organization estimated the completion time for activities. 
D)  How close the project came to achieving its goals.

Question 11

A classic early warning sign of project failure is the realization that a product being developed was targeting a market that few new products and firms were entering.

Accepted Answer

A) True 
 B)False

Question 12

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

Question 13

Lessons-learned analysis is BEST described as:

Accepted Answer

A)  A bookkeeping process. 
B)  A personnel reassignment process. 
C)  A pressure relief process. 
D)  An organizational learning process. 
A)  A bookkeeping process. 
B)  A personnel reassignment process. 
C)  A pressure relief process. 
D)  An organizational learning process.

Question 14

The difference between a manager with ten years' experience and one with a year's experience ten times is:

Accepted Answer

A)  Dependent on the manager's tenure with the company. 
B)  Nine years. 
C)  Whether lessons-learned were truly learned. 
D)  Dependent on whether the manager's projects were successful. 
A)  Dependent on the manager's tenure with the company. 
B)  Nine years. 
C)  Whether lessons-learned were truly learned. 
D)  Dependent on whether the manager's projects were successful.

Question 15

Review the project sign-off documents contained in Appendix 14.1. How can these forms be improved?

Accepted Answer

The tables in Appendix 14.1 elicit a wid

Question 16

In non-binding arbitration:

Accepted Answer

A)  The judge can offer suggestions for dispute resolution but cannot enforce these opinions. 
B)  The two parties agree to open up, or unbind, their books for inspection by the other party. 
C)  The client and project organizations both agree to perform exactly what the judge decrees. 
D)  The client and project organizations are not bound by the rules of law. 
A)  The judge can offer suggestions for dispute resolution but cannot enforce these opinions. 
B)  The two parties agree to open up, or unbind, their books for inspection by the other party. 
C)  The client and project organizations both agree to perform exactly what the judge decrees. 
D)  The client and project organizations are not bound by the rules of law.

Question 17

Administrative performance review is an important component of the final project report. Which item is a key facet of administrative performance?

Accepted Answer

A)  The method of assuring that project team members have adequate training 
B)  The method of determining activity and resource costs 
C)  The method of determining the number of signatures in the change order process 
D)  The method of measuring stakeholder satisfaction 
A)  The method of assuring that project team members have adequate training 
B)  The method of determining activity and resource costs 
C)  The method of determining the number of signatures in the change order process 
D)  The method of measuring stakeholder satisfaction

Question 18

Describe and rank any three decision rules for terminating an ongoing project before completion.

Accepted Answer

Answers will vary with students' ranking

Question 19

The trailer had been reinforced, re-decked and had a fresh coat of paint. It was fully complete and finally ready for a run to Kansas City to pick up a rebounding son. This project has achieved natural termination.

Accepted Answer

A) True 
 B)False

Question 20

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

Accepted Answer

The author lists five common r

Which type of project termination can occur for a project that is successful and for a project that is unsuccessful?

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.

Which of these factors weighs heavily in the decision to terminate a project?

Which of these statements about early termination decisions is BEST?

What are the major types of paperwork that must be closed out at the end of a project? What are some elements of each type?

The rapid evolution of technology and the need to freeze a project's scope can combine to render a project:

Surveys on the early warning signs of project failure indicate that a red flag for failure is:

Describe the four early warning signs of project failure.

Of the project closeout management steps listed, the last is to:

The final project report should answer questions related to project performance, such as:

A classic early warning sign of project failure is the realization that a product being developed was targeting a market that few new products and firms were entering.

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

Lessons-learned analysis is BEST described as:

The difference between a manager with ten years' experience and one with a year's experience ten times is:

Review the project sign-off documents contained in Appendix 14.1. How can these forms be improved?

In non-binding arbitration:

Administrative performance review is an important component of the final project report. Which item is a key facet of administrative performance?

Describe and rank any three decision rules for terminating an ongoing project before completion.

The trailer had been reinforced, re-decked and had a fresh coat of paint. It was fully complete and finally ready for a run to Kansas City to pick up a rebounding son. This project has achieved natural termination.

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

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

Filters

Exam 14: Project Closeout and Termination

Which type of project termination can occur for a project that is successful and for a project that is unsuccessful?

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.

Which of these factors weighs heavily in the decision to terminate a project?

Which of these statements about early termination decisions is BEST?

What are the major types of paperwork that must be closed out at the end of a project? What are some elements of each type?

The rapid evolution of technology and the need to freeze a project's scope can combine to render a project:

Surveys on the early warning signs of project failure indicate that a red flag for failure is:

Describe the four early warning signs of project failure.

Of the project closeout management steps listed, the last is to:

The final project report should answer questions related to project performance, such as:

A classic early warning sign of project failure is the realization that a product being developed was targeting a market that few new products and firms were entering.

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

Lessons-learned analysis is BEST described as:

The difference between a manager with ten years' experience and one with a year's experience ten times is:

Review the project sign-off documents contained in Appendix 14.1. How can these forms be improved?

In non-binding arbitration:

Administrative performance review is an important component of the final project report. Which item is a key facet of administrative performance?

Describe and rank any three decision rules for terminating an ongoing project before completion.

The trailer had been reinforced, re-decked and had a fresh coat of paint. It was fully complete and finally ready for a run to Kansas City to pick up a rebounding son. This project has achieved natural termination.

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

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

Filters