Exam 2: Identifying and Selecting Projects

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The project objective should

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An RFP must indicate the funds the customer has available to spend on the project.

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The RFP should state the required schedule for completion of the project and key milestones.

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An assumption for a construction project could be

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A contract might be for time and materials, in which case the customer will pay the contractor a fixed amount regardless of how much the work actually costs the contractor.

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Housing Transitions, a local not-for-profit organization that provides temporary housing for people that are in transition i.e., just moved into an area, lost their home due to an unexpected event, etc.), has noticed paint on the outside of the house is peeling.Describe a project that will advance their mission and solve the problem of the paint peeling.

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A milestone schedule lists target dates for phases of a project.

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

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The sponsor designee is the project manager of the project.

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The RFP should state what deliverables the customer expects the contractor to provide.

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The project purpose should

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

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Some potential contractors will know more about an organization due to prior contracts and relationships.This is an unfair advantage for those contractors to submit a proposal to an RFP.

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The purpose of preparing a request for proposal is to state, comprehensively and in detail, what is required, from the contractor's point of view, to address the identified need.

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Quantitative benefits of a project are the intangible benefits of completing a project such as employee morale.

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The major deliverables in the project charter describe the details of the work packages in the work breakdown structure.

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An RFP may include the evaluation criteria that will be used to evaluate proposals from competing contractors.List at least three evaluation criteria that might be included in an RFP.

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

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The building constructed will have at least R-38 insulation rating for the ceiling and R-28 for the walls.This is an example of the in a project charter.

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The RFP should state the acceptance criteria the customer will use to determine if the project deliverables are completed according to the customer's requirements.

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