Project Management T/F
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.
F
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.
F
A project should have weekly project status review meetings supplemented with written project reports.
F
A request for proposal is required for projects that are completed by an external contractor to an organization.
F
All projects require a project charter to start the project.
F
An RFP must indicate the funds the customer has available to spend on the project.
F
Every project that is identified is selected to be completed.
F
Meeting the acceptance criteria listed in the project charter means the customer is satisfied.
F
Projects that are not similar cannot be compared when making a selection to move forward with a project.
F
Quantitative benefits of a project are the intangible benefits of completing a project such as employee morale.
F
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.
F
Surveys of stakeholders can be used to gather only quantitative data.
F
The RFP might state the approvals required by the contractor.
F
The RFP must include the customer requirements and the name of the sponsor's designee
F
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.
F
The major deliverables in the project charter describe the details of the work packages in the work breakdown structure
F
The project charter should include as many risks as can be brainstormed to be sure to have enough funds for contingencies.
F
The project purpose in the project charter may include prior documents for selecting the project
F
The project title should be a code word even if the project is not confidential.
F
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.
F
The reaction of an advocacy group is categorized as a negative consequence for a project.
F
The sponsor designee is the project manager of the project.
F
A good RFP allows contractors or a project team to understand what the customer expects.
T
A milestone schedule lists target dates for phases of a project
T
A request for proposals helps the organization decide which contractor to use.
T
An RFP might state the payment terms the customer intends to use.
T
An RFP must provide a statement of work.
T
Disadvantages for doing a project may have a positive impact on an organization.
T
Funding statements in a project charter may be broken into the amount authorized by project phase.
T
If the project manager is selected in the initiating phase of the project, then the project manager is likely to participate in the development of the project charter for the project.
T
It is fair to meet with potential contractors and provide information about the potential project while developing the RFP.
T
Part of preparing a request for proposal is soliciting the request to potential bidders on the project.
T
Project approval requirements state when the sponsor wants to review the progress of the project and make decisions about moving to the next phase.
T
Some RFPs mention the type of contract the customer intends to use.
T
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.
T
The RFP should indicate the due date by which the customer expects potential contractors to submit proposals.
T
The RFP should list any customer-supplied items.
T
The RFP should provide instructions for the format and content of the contractor proposals.
T
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.
T
The RFP should state the required schedule for completion of the project and key milestones.
T
The RFP should state what deliverables the customer expects the contractor to provide.
T
The acceptance criteria describe the criteria necessary for the sponsor to approve the deliverables.
T
The approval date for the project is the project start date.
T
The constraints for a project include the requirement to outsource due to the organization's lack of having expertise with its own staff.
T
The initiating phase of the project life cycle starts with recognizing a need.
T
The project charter is also called a project authorization or a project initiation document.
T
The project description in the project charter is a high-level description of the project and references more detailed documents regarding key performance requirements.
T
The project justification includes the key assumptions for the project.
T
The project objective in the project charter indicates the deliverable, schedule, and budget for a project.
T
The success criteria in the project charter indicate the expected benefits of the project including what the expectations are for project success.
T
Unexpected events are reasons for an organization to decide to initiate a project.
T