Exam 13: Project Closure and Benefits Realization

The process of closure is all of the following except which one?

Bringing the project into the organization as a separate,ongoing entity is called __________.

The primary criterion for project __________ is whether or not the organization is willing to invest the estimated time and cost required to complete the project,given the project's current status and current expected outcome.

When an in-house project is a major success and it is terminated by institutionalizing it as a formal part of the parent organization; this is closure by __________.

The __________ of the final project report is a comparison of what the project achieved with what the project tried to achieve.

Identify a few of the fundamental reasons why some projects fail to produce satisfactory results.

The end of all activity on a project without extending it in some form is referred to as __________.

Projects that pass away simply because senior managers,the project champion,the PM,and even key project workers lose interest in the project are known as __________.

Listed below are four critical success factors for projects.Match them with their descriptions. A)Project mission B)Project schedule / plan C)Client consultation D)Personnel 1)Recruitment,selection,and training of the necessary personnel for the project team. 2)Communication,consultation,and active listening to all impacted parties. 3)A detailed specification of the individual action steps for project implementation. 4)Initial clearly defined goals and general directions.

The __________ is an administrator responsible for wrapping up the administrative details of a project.

Following is a list of a few of the more important aspects of the transition from project to integrated operation that must be considered when the project functions are distributed.Match each one with its description. A)Personnel B)Manufacturing C)Accounting / finance D)Engineering 1)Where will the project team go? 2)Have the project accounts been closed and audited? Do the new department budgets include the additional work needed by the project? 3)Are all drawings complete and on file? Are operating manuals and change procedures understood? 4)Is training complete? Are input materials and the required facilities available? Does the production system layout have to be replanned?

Identify the generic categories of decision-making models used for making project closure decisions.

The four types of project closures are __________.

The techniques of project management of the final report __________.

A common mistake in project management is to appoint as project manager an individual with excellent _______ skills but weak __________skills.

Closure by __________ is the most common way of dealing with successful projects,and the most complex.

__________ is the reduction of the amount of funds available for an activity.

The fundamental purpose of the final project report is to __________.

In general,the problems of integration are __________ to the level of experience that the parent organization has had with the technology being integrated and to the successful integration of other projects,regardless of technology.

The closure stage of the project rarely has much impact on __________.