Exam 15: Finishing the Project and Realizing the Benefits
Exam 1: Introduction to Project Management49 Questions
Exam 2: Project Selection and Prioritization52 Questions
Exam 3: Chartering Projects39 Questions
Exam 4: Organizational Capability: Structure, Culture and Roles50 Questions
Exam 5: Leading and Managing Project Teams46 Questions
Exam 6: Stakeholder Analysis and Communication Planning46 Questions
Exam 7: Scope Planning44 Questions
Exam 8: Scheduling Projects56 Questions
Exam 9: Resourcing Projects45 Questions
Exam 10: Budgeting Projects46 Questions
Exam 11: Project Risk Planning45 Questions
Exam 12: Project Quality Planning and Project Kick-Off45 Questions
Exam 13: Project Supply Chain Management45 Questions
Exam 14: Determining Project Progress and Results44 Questions
Exam 15: Finishing the Project and Realizing the Benefits30 Questions
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Identify two actions a project manager can take to avoid terminating a project early.If these actions aren't effective,how should the project manager approach an early termination?
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(Essay)
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Correct Answer:
Key concepts to be covered in the response could include,but are not limited to:
Project managers can pursue two avenues to avoid early termination of their project:
- The project manager can look for stakeholders who can help keep the project viable by providing funds.
- The project manager can try to continue the project but at a lower cost.
Finally,if these strategies don't work and the project is no longer viable,the project manager needs to present the facts of project progress and make recommendations for early termination.
Some project sponsors will only approve a project charter if it includes and reflects lessons learned from other recently completed projects.
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(True/False)
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Correct Answer:
True
All of the following practices have proven effective for managing lessons learned in an organization EXCEPT:
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(Multiple Choice)
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Correct Answer:
B
A project team attempting to close a project should review all of the following documents to ensure that everything promised was delivered EXCEPT:
(Multiple Choice)
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Any of the following attributes can serve as a useful factor for coding lessons learned EXCEPT:
(Multiple Choice)
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Early termination can be either for default or for the convenience of the seller.
(True/False)
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A project team attempting to close a project should review which of the following to ensure the customers are satisfied with the project work?
(Multiple Choice)
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More organizations effectively collect lessons learned than effectively disseminate and use them.
(True/False)
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Closure of a project generally entails all of the following activities EXCEPT:
(Multiple Choice)
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Project closing can have a significant impact on the members of the project team.Describe the approach you would take to address the needs of your team members during this difficult period in the life of the project.
(Essay)
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Celebrations of success ease the stress of working hard for a prolonged period of time trying to accomplish a project.
(True/False)
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Many organizations require the completion of a project close-out report upon completion of a project.These reports typically include which of the following?
(Multiple Choice)
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Which of the following reasons might lead to an early contract termination for convenience?
(Multiple Choice)
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When a project is completed on time,the project team must accomplish all of the following activities EXCEPT:
(Multiple Choice)
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Helping good workers to secure good follow-on work is one of the most important things a project manager must do near the end of the project.
(True/False)
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When a contract is terminated for convenience,the contractor must complete all deliverables in process and submit the completed deliverables to the buyer.
(True/False)
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Since projects are temporary in nature and the project team disbands upon completion,it is not necessary for project managers to provide ongoing support in the form of training,change management,and/or other services.
(True/False)
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The process of formalizing acceptance of the completed project deliverables is known as:
(Multiple Choice)
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A method for documenting and sharing lessons must be established in order for an organization to capitalize on lessons learned.
(True/False)
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