Exam 14: Project Closeout and Termination

The build,operate,transfer option for projects requires the project contractor to take initial ownership of the project in order to make sure it works,thus mitigating risk in the short run.

What are three different ways that a project can be handed over from the project organization to the client? Describe their differences.

Of the project closeout management steps listed,the last is to:

Static factors that may play a role in the decision to terminate a project early include company image and the presence of high sunk costs.

The key to begin harvesting the benefits of a project is to first develop an effective:

The goal in requiring a final project report is to lay the groundwork for successful future projects.

The work breakdown for project termination issues can be broadly categorized into:

What are the major types of paperwork that must be closed out at the end of a project? What are some elements of each type?

Which of these project closeout management steps listed is ongoing throughout the closeout process?

Systematic errors are not one-time incidents,but instead represent built-in components of the project management process.

Which of these statements about early termination decisions is BEST?

A behavioral issue that is crucial to maintaining the ongoing viability of a project is:

A classic early warning sign of project failure is the realization that a product being developed was targeting a market that few new products and firms were entering.

An example of an external intellectual issue is:

An internal intellectual issue that arises when a project is terminated is:

Which type of project termination can occur for a project that is successful and for a project that is unsuccessful?

Once the project was successfully concluded,the team members returned to their roles in the organization,occasionally congregating at the water cooler to relive their halcyon days of yore.No one could argue that their project was:

Sketch the Seven Elements of Project Closeout Management model and discuss what takes place at each step.

The PFI arrangement in the United Kingdom for projects is an acronym for:

The final report should include an assessment of the effectiveness of the project team,not only in terms of actual performance on the project,but also with regard to: