Exam 2: Identifying and Selecting Projects

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The acceptance criteria deals with the scope of the project, outlining the tasks or work elements the customer wants the contractor or project team to perform.

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The project justification includes the key assumptions for the project.

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A project should have weekly project status review meetings supplemented with written project reports.

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An RFP must provide a statement of work.

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Describe the benefits and consequences of the project evaluation team reviewing each project against the project evaluation criteria before the committee meeting.

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

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The RFP must state the project objective or purpose, including any rational or background information that may be helpful to contractors so that they can prepare thorough and responsive proposals.

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The project acceptance criteria should

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

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The RFP might state the approvals required by the contractor.

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The reaction of an advocacy group is categorized as a negative consequence for a project.

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

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

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The project description in the project charter is a high-level description of the project and references more detailed documents regarding key performance requirements.

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Some RFPs mention the type of contract the customer intends to use.

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The RFP should provide instructions for the format and content of the contractor proposals.

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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.

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Part of preparing a request for proposal is soliciting the request to potential bidders on the project.

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

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List eight elements that could be included in a project charter.Describe why each element is valuable to the project charter.

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