Question 1

Meeting the acceptance criteria listed in the project charter means the customer is satisfied.

Accepted Answer

A) True 
 B)False

Question 2

The project objective in the project charter indicates the deliverable, schedule, and budget for a project.

Accepted Answer

A) True 
 B)False

Question 3

The implementation of the new procedure is expected to reduce costs of production by 10% over the next year.This is an example of the_____ in a project charter.

Accepted Answer

A) acceptance criteria 
B) project objective 
C) project description 
D) success criteria and expected benefits 
A) acceptance criteria 
B) project objective 
C) project description 
D) success criteria and expected benefits

Question 4

The initiating phase of the project life cycle starts with recognising a need.

Accepted Answer

A) True 
 B)False

Question 5

A contract might be for a fixed price; the customer will pay the contractor whatever the actual costs are for the materials and the time.

Accepted Answer

A) True 
 B)False

Question 6

The RFP should indicate the due date by which the customer expects potential contractors to submit proposals.

Accepted Answer

A) True 
 B)False

Question 7

The project justification includes the key assumptions for the project.

Accepted Answer

A) True 
 B)False

Question 8

The project title should be a code word even if the project is not confidential.

Accepted Answer

A) True 
 B)False

Question 9

The project charter is also called a project authorisation or a project initiation document.

Accepted Answer

A) True 
 B)False

Question 10

Every project that is identified is selected to be completed.

Accepted Answer

A) True 
 B)False

Question 11

The constraints for a project include the requirement to outsource due to the organisation's lack of having expertise with its own staff.

Accepted Answer

A) True 
 B)False

Question 12

A request for proposal is required for projects that are completed by an external contractor to an organisation.

Accepted Answer

A) True 
 B)False

Question 13

Project approval requirements state when the sponsor wants to review the progress of the project and make decisions about moving to the next phase.

Accepted Answer

A) True 
 B)False

Question 14

The project acceptance criteria should

Accepted Answer

A) summarise the need and justification for the project. 
B) state the quantitative criteria expected for the project to be achieved. 
C) state the major end products or items expected to be produced. 
D) be concise and create a vision for the end result of the project. 
A) summarise the need and justification for the project. 
B) state the quantitative criteria expected for the project to be achieved. 
C) state the major end products or items expected to be produced. 
D) be concise and create a vision for the end result of the project.

Question 15

Disadvantages for doing a project may have a positive impact on an organisation.

Accepted Answer

A) True 
 B)False

Question 16

James must gather information from a potential project's stakeholders for an upcoming meeting with management.
The project would be to add 50 beds and an oncology centre to the local hospital.List three stakeholders of the project and a possible way that James could gather information from the stakeholders.

Accepted Answer

Responses will vary.Stakeholders could b

Question 17

Funding statements in a project charter may be broken into the amount authorised by project phase.

Accepted Answer

A) True 
 B)False

Question 18

It is fair to meet with potential contractors and provide information about the potential project while developing the RFP.

Accepted Answer

A) True 
 B)False

Question 19

A good RFP allows contractors or a project team to understand what the customer expects.

Accepted Answer

A) True 
 B)False

Question 20

List at least three ways projects are identified.

Accepted Answer

Responses should include:
a.During an or

Meeting the acceptance criteria listed in the project charter means the customer is satisfied.

The project objective in the project charter indicates the deliverable, schedule, and budget for a project.

The implementation of the new procedure is expected to reduce costs of production by 10% over the next year.This is an example of the_____ in a project charter.

The initiating phase of the project life cycle starts with recognising a need.

A contract might be for a fixed price; the customer will pay the contractor whatever the actual costs are for the materials and the time.

The RFP should indicate the due date by which the customer expects potential contractors to submit proposals.

The project justification includes the key assumptions for the project.

The project title should be a code word even if the project is not confidential.

The project charter is also called a project authorisation or a project initiation document.

Every project that is identified is selected to be completed.

The constraints for a project include the requirement to outsource due to the organisation's lack of having expertise with its own staff.

A request for proposal is required for projects that are completed by an external contractor to an organisation.

Project approval requirements state when the sponsor wants to review the progress of the project and make decisions about moving to the next phase.

The project acceptance criteria should

Disadvantages for doing a project may have a positive impact on an organisation.

Funding statements in a project charter may be broken into the amount authorised by project phase.

It is fair to meet with potential contractors and provide information about the potential project while developing the RFP.

A good RFP allows contractors or a project team to understand what the customer expects.

List at least three ways projects are identified.

Project Management Concepts

Developing Project Proposals

Defining Scope, Quality, Responsibility and Activity Sequence

Developing the Schedule

Resource Utilisation

Determining Costs, Budget and Earned Value

Managing Risk

Closing the Project

The Project Manager

The Project Team

Project Communication and Documentation

Project Management Organisational Structures

Filters

Exam 2: Identifying and Selecting Projects

Meeting the acceptance criteria listed in the project charter means the customer is satisfied.

The project objective in the project charter indicates the deliverable, schedule, and budget for a project.

The implementation of the new procedure is expected to reduce costs of production by 10% over the next year.This is an example of the_____ in a project charter.

The initiating phase of the project life cycle starts with recognising a need.

A contract might be for a fixed price; the customer will pay the contractor whatever the actual costs are for the materials and the time.

The RFP should indicate the due date by which the customer expects potential contractors to submit proposals.

The project justification includes the key assumptions for the project.

The project title should be a code word even if the project is not confidential.

The project charter is also called a project authorisation or a project initiation document.

Every project that is identified is selected to be completed.

The constraints for a project include the requirement to outsource due to the organisation's lack of having expertise with its own staff.

A request for proposal is required for projects that are completed by an external contractor to an organisation.

Project approval requirements state when the sponsor wants to review the progress of the project and make decisions about moving to the next phase.

The project acceptance criteria should

Disadvantages for doing a project may have a positive impact on an organisation.

Funding statements in a project charter may be broken into the amount authorised by project phase.

It is fair to meet with potential contractors and provide information about the potential project while developing the RFP.

A good RFP allows contractors or a project team to understand what the customer expects.

List at least three ways projects are identified.

Project Management Concepts

Developing Project Proposals

Defining Scope, Quality, Responsibility and Activity Sequence

Developing the Schedule

Resource Utilisation

Determining Costs, Budget and Earned Value

Managing Risk

Closing the Project

The Project Manager

The Project Team

Project Communication and Documentation

Project Management Organisational Structures

Filters