Question 1

Under the BOT option for a project:

Accepted Answer

A) the project organization must operate the work product of the project for a while. 
B) the customer organization must accept the work product of the project at the scheduled delivery date. 
C) the project organization may build the work product to their own specifications instead of the customer's. 
D) the customer organization transfers employees to the project organization for the duration of the project.

Question 2

What is a lessons-learned meeting with regards to project management? Describe the benefits and behaviors of such a meeting.

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Question 3

The project final report is fundamentally:

Accepted Answer

A) an historical record. 
B) a review of human activity. 
C) window dressing for the project. 
D) a forward-looking document.

Question 4

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.

Accepted Answer

A) True 
 B)False

Question 5

Which statement about project closeout activities is best?

Accepted Answer

A) Closeout activities are usually given a high priority. 
B) Getting the project signed off discourages other closeout activities. 
C) Because all projects are unique,the actual carryover from project to project is minimal. 
D) Closeout activities are impossible to ignore.

Question 6

At the conclusion of a project it is common to reflect on new knowledge and experience for the project company in hopes of carrying this knowledge and experience forward for the benefit of future projects.These self-assessments are commonly referred to as ________.

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Question 7

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

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Question 8

An example of an external intellectual issue is:

Accepted Answer

A) the control of charges to the project. 
B) the screening of partially completed tasks. 
C) the identification of outstanding commitments. 
D) the determinants of requirements for audit trail data.

Question 9

Research indicates that the number one reason for terminating research and development projects is:

Accepted Answer

A) that the project is found to be inconsistent with organizational goals. 
B) the project costs more to complete than originally planned. 
C) the low probability of achieving technical or commercial success. 
D) increased government restrictions.

Question 10

The final project report should answer questions related to project performance,such as:

Accepted Answer

A) how the organization's operating structure either helped or hindered the project team and their efforts. 
B) how the project fared compared to baseline schedule and budget. 
C) how consistently the organization estimated the completion time for activities. 
D) how close the project came to achieving its goals.

Question 11

A final report section on the techniques of project management would include an honest assessment of whether the:

Accepted Answer

A) benefits promised to the client were actually delivered. 
B) resource costs could be better estimated. 
C) project workers came together as a team. 
D) the project finished on time.

Question 12

The project contractor takes initial ownership of the project for a specified period under a(n)________ contract.

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Question 13

What are any four items that prevent effective project closeouts and how can each be avoided?

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Question 14

The trailer had been reinforced,re-decked and had a fresh coat of paint.It was fully complete and finally ready for a run to Kansas City to pick up a rebounding son.This project has achieved natural termination.

Accepted Answer

A) True 
 B)False

Question 15

Describe and rank any three decision rules for terminating an ongoing project before completion.

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Question 16

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

Accepted Answer

A) hand over the project. 
B) finish the work. 
C) gain acceptance for the product. 
D) review how it all went.

Question 17

A comparison of matrix versus functional design would fall under the:

Accepted Answer

A) project performance section of the final project performance. 
B) team performance section of the final project performance. 
C) administrative performance section of the final project performance. 
D) organizational structure section of the final project performance.

Question 18

An ex-gratia claim made when a project is closed down is made when:

Accepted Answer

A) there is no contractual basis for a claim. 
B) the project company fails to perform to the terms of the contract. 
C) the client company fails to perform to the terms of the contract. 
D) a third party causes either the client or project company to fail to perform to the terms of the contract.

Question 19

A mainframe computer company decided to enter the personal computer market with its Floridian Project,but subsequently decided to leave the market to focus on the mainframe business.The decision rule that they probably applied was to get out:

Accepted Answer

A) when the project no longer meets strategic fit criteria. 
B) when deadlines continue to be missed. 
C) when project personnel turn over too rapidly. 
D) when technology evolves beyond the project's scope.

Question 20

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

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Exam 14: Project Closeout and Termination