C722--Project Management Quiz--Unit 4 Module 11

___________ activities that occur during the project closing phase include preparation of performance reports, return of assets to the sponsoring organizations, archival of records, and documentation of lessons learned. --Project justification. --Procurement. --Administrative. --Customer delivery activities.

--Administrative. **Correct. Administrative activities that occur during the project closing phase include preparation of performance reports, return of assets to the sponsoring organizations, archival of records, and documentation of lessons learned.

One ____________ of the iterative planning process is the fact that a project can be cancelled after any phase. --Disadvantage. --Benefit

--Benefit. Correct. The phase-gate at the end of each phase requires that company leadership decide whether to begin the next phase.

True or false. A cost management plan documents how the quality of the project deliverables will be measured and what steps will be taken to monitor and assure that the quality meets the customer requirement.

--False. **Correct. The cost management plan explains how costs will be estimated, monitored, controlled during the project.

True or false. The project defining phase is complete when the scope, budget and schedule are approved by the customer and project team.

--False. **Correct. The project defining phase concludes with the selection (or rejection) of the project and creation of the project charter.

True or false. Project justification activities that occur during the project closing phase include preparation of performance reports, return of assets to the sponsoring organizations, archival of records, and documentation of lessons learned.

--False. **Correct. The project justification is prepared at the beginning of the project.

True or false. During the project planning phase, the idea for the project is formalized into a project proposal and the decision on whether the project will be selected for implementation is made.

--False. **Correct. The project planning phase is when detailed planning occurs.

The _________ documents how the various processes and planning areas will be kept in sync throughout the project life cycle. --Integration management plan. --Procurement management plan. --Risk management plan. --Scope management plan.

--Integration management plan. **Correct. The integration management plan documents how the various processes and planning areas will be kept in sync throughout the project life cycle.

______________ can allow the project to move forward in phases when not enough information is known to plan the entire project. --Scope management plans. --Iterative planning processes. --Procurement management plans. --Risk management plans.

--Iterative planning processes. **Correct. Iterative planning processes can allow the project to move forward in phases when not enough information is known to plan the entire project.

At the end of a project, the project manager documents the ________ that provide valuable insights into what went well and what went poorly on similar projects. --Procurement activities. --Lessons learned.

--Lessons learned. **Correct. At the end of a project, the project manager documents the lessons learned that provide valuable insights into what went well and what went poorly on similar projects.

At the end of a project, the project manager documents the ______________ that provide valuable insights into what went well and what went poorly on similar projects. --Lessons learned. --Procurement activities. --Scope management plans. --Administrative activities.

--Lessons learned. **Correct. At the end of a project, the project manager documents the lessons learned that provide valuable insights into what went well and what went poorly on similar projects.

--Recording the different point of a project where rework was required and where additional resources were added are examples of documenting _______________. --Project plans. --Project sponsors. --Project scope. --Lessons learned.

--Lessons learned. **Correct. Recording the different point of a project where rework was required and where additional resources were added are examples of documenting lessons learned.

Recording the different point of a project where rework was required and where additional resources were added are examples of documenting _____________. --Project plans. --Lessons learned.

--Lessons learned. **Correct. Recording the different point of a project where rework was required and where additional resources were added are examples of documenting lessons learned.

As part of the project defining phase, customer requirements are refined into _________ such as a product release dates, price points, and functionality. --Measurable goals. --Project charters. --Project sponsors. --Project plans.

--Measurable goals. **Correct. As part of the project defining phase, customer requirements are refined into measurable goals such as a product release dates, price points, and functionality.

As part of the project ___________ process, the PM may need to intercede in order to correct the situation if the project is not being executed as planned. --Defining. --Closing. --Monitoring and controlling. --Scoping.

--Monitoring and controlling. **Correct. As part of the project monitoring and controlling process, the PM may need to intercede in order to correct the situation if the project is not being executed as planned.

The ___________ is a decision point in the iterative process that provides the opportunity for company leadership to decide if moving forward is prudent. --Internal status meeting. --Phase-gate. --Project review meeting. --Customer meeting.

--Phase-gate. **Correct. The phase-gate is a decision point in the iterative process that provides the opportunity for company leadership to decide if moving forward is prudent.

When completing ___________ in the project closing phase, excess materials are returned, accounts payable are reconciled, and required financial reports are prepared. --Project justification. --Administrative activties. --Customer delivery activities. --Procurement activities.

--Procurement activities. **Correct. When completing procurement activities in the project closing phase, excess materials are returned, accounts payable are reconciled, and required financial reports are prepared.

If a project is selected for implementation, then this information is written into a formal document called the ______________. --Project charter. --Project scope. --Project sponsor. --Project plan.

--Project charter. **Correct. A project charter defines and documents the project's existence.

During the _______________ phase, the customer may identify items that need to be corrected, which can require the team to re-plan parts of the project and then execute the revised activities. --Project planning. --Project defining. --Project executing. --Project closing.

--Project closing. **Correct. When the customer accepts the project outcome(s), the PM must ensure that all the loose ends are tied up.

The library of lessons learned from prior projects should be a primary source for use in the ____________ of a project. --Project execution phase. --Project closing phase. --Project defining and project planning phases. --Project charter development.

--Project defining and project planning phases. **Correct. The library of lessons learned from prior projects should be a primary source for use in the defining and planning phases of a project.

The library of lessons learned from prior projects should be a primary source for use in the ______________ phase(s) of a project. --Project execution. --Project defining and project planning.

--Project defining and project planning. **Correct. The library of lessons learned from prior projects should be a primary source for use in the defining and planning phases of a project.

During the _______________ phase, the idea for the project is formalized into a project proposal and the decision on whether the project will be selected for implementation is made. --Project closing. --Project executing. --Project planning. --Project defining.

--Project defining. **Correct. During the project defining phase, the idea for the project is formalized into a project proposal and the decision on whether the project will be selected for implementation is made.

The ____________ phase involves completing the work required to achieve the project outcomes. --Project defining. --Project closing. --Project planning. --Project executing.

--Project executing. **Correct. The project executing phase involves completing the work required to achieve the project outcomes.

The __________ phase is when the PM and the project team roll up their sleeves and complete the work activities identified in the project plan. --Project executing. --Project defining. --Project closing. --Project planning.

--Project executing. **Correct. The project executing phase is when the PM and the project team roll up their sleeves and complete the work activities identified in the project plan.

The ____________ helps tie the project back to the strategic and operational goals of the company and its mission. --Project justification. --Project plan. --Project charter. --Project sponsor.

--Project justification. **Correct. The project justification helps tie the project back to the strategic and operational goals of the company and its mission.

The level of detail documented in the ____________ phase can be aligned with project complexity and must be sufficient so stakeholders are satisfied that the project outcomes will be achieved and so the project team understands the work that needs to be completed. --Project planning. --Project closing. --Project defining. --Project executing.

--Project planning. **Correct. The level of detail documented in the project planning phase can be aligned with project complexity and must be sufficient so stakeholders are satisfied that the project outcomes will be achieved and so the project team understands the work that needs to be completed.

The _________ phase is completed when all of the project work activities produce the promised deliverables and the project outcomes are ready to be delivered to the customer. --Project closing. --Project executing. --Project defining. --Project planning.

--Project planning. **Correct. The project planning phase is complete when the scope, budget, and schedule are approved by the customer and the project team.

At the conclusion of the __________________ phase, the customer and the project team will have a schedule, budget, and scope that are sufficiently accurate and complete so that the work of creating the project outcomes can begin. --Project executing. --Project closing. --Project planning. --Project defining.

--Project planning. **Correct. The project planning phase is complete when the scope, budget, and schedule are approved by the customer and the project team.

The _______________ is a written statement summarizing the work that will be complete to provide a project outcome that will meet the customers requirements. --Project scope. --Project plan. --Project sponsor. --Project charter.

--Project scope. **Correct. The project scope is a written statement summarizing the work that will be completed to provide a project outcome that will meet the customer's requirements.

A _____________ documents how the quality of the project deliverables will be measured and what steps will be taken to monitor and assure that the quality meets the customer requirement. --Quality management plan. --Cost management plan. --Time management plan. --Configuration management plan.

--Quality management plan. **Correct. A quality management plan documents how the quality of the project deliverables will be measured and what steps will be taken to monitor and assure that the quality meets the customer requirement.

As part of the monitoring and controlling, the project outcomes are compared against the __________ to ensure that the customers expectations will be met. --Scope. --Project sponsor. --Project justification. --Project charter.

--Scope. **Correct. As part of monitoring and controlling, the project outcomes are compared against the scope to ensure that the customer's expectations will be met.

Which of the following is a benefit of the iterative planning process? --The project can be cancelled after any phase. --Iterative phases reduce the number of people involved. --Iterative planning saves time. --Costs are contained to one phase of the project.

--The project can be cancelled after any phase. **Correct. The phase-gate at the end of each phase requires that company leadership decide whether to begin the next phase.

True or false. If a project is selected for implementation the project information is written into a formal document called the project charter.

--True. **Correct. A small project may not require a formal project charter, but the project will need to be defined sufficiently to be moved forward.

True or false. The project executing phase is when the PM and the project team roll up their sleeves and complete the work activities identified in the project plan.

--True. **Correct. During the project executing phase, needed talent is added to the project team.

True or false. As part of the project monitoring and controlling process, the PM may need to intercede in order to correct the situation if the project is not being executed as planned.

--True. **Correct. It is central to the PM's role to know the status of the project work (monitor) and take action as needed.

True or false. The project executing phase involves completing the work required to achieve the project outcomes.

--True. **Correct. It is in the executing phase that work is completed on project outcomes. Project outcomes can be tangible products such as buildings or training manuals, or intangible products such as websites, or events.

True or false. Iterative planning processes can allow the project to move forward in phases when not enough information is known to plan the entire budget.

--True. **Correct. Iterative planning is not a method to avoid spending the time to properly plan a project.

True or false. The integration management plan documents how the various processes and planning areas will be kept in sync throughout the project life cycle.

--True. **Correct. PMBOK suggests that planning a project requires a number of plans addressing diverse functions.

--True or false. The phase-gate is a decision point in the iterative process that provides the opportunity for company leadership to decide if moving forward is prudent.

--True. **Correct. Phase-gates come at the end of each phase and allow leadership to make decisions when more information is available.

True or false. The level of detail documented in the project planning phase can be aligned with project complexity and must be sufficient so stakeholders are satisfied that the project outcomes will be achieved and so the project team understands the work that needs to be completed.

--True. **Correct. Project details are often described in a work breakdown structure, which comes in the project planning phase.

True or false. When completing procurement activities in the project closing phase, excess materials are returned, accounts payable are reconciled, and required financial reports are prepared.

--True. **Correct. Since at closure, the project accounts and project team will no longer be available, all invoices must be paid and credits received.

True or false. The first step in the project closing phase is to turn the project deliverables over to the customer.

--True. **Correct. The customer must evaluate and officially accept project deliverables prior to formally closing a project.

True or false. The project justification helps tie the project back to the strategic and operational goals of the company and its mission.

--True. **Correct. The project justification is sometimes called a business case.

True or false. The project scope is a written statement summarizing the work that will be completed to provide a project outcome that will meet the customer's requirements.

--True. **Correct. The project scope statement is developed as an outcome of the defining phase.

True or false. As part of the project defining phase, customer requirements are refined into measurable goals, such as a product release dates, price points, and functionality.

--True. **Correct. Understanding the customer requirements will help the project team determine which processes and activities will need to occur in order to complete the project.

True or false. During the project closing phase, the customer may identify items that need to be corrected, which can require the team to re-plan parts of the project and then execute the revised activities.

--True. **Correct. When the customer accepts the project outcome(s), the PM must ensure that all the loose ends are tied up.

The first step in the project closing phases is to: --Close all procurement activities. --Complete administrative tasks to conclude the project. --Prepare the project justification. --Turn the project deliverables over to the customer.

--Turn the project deliverables over to the customer. **Correct. The first step in the project closing phase is to turn the project deliverables over to the customer.

True or false. As part of monitoring and controlling, the project outcomes are compared against the project justification to ensure that the customer's expectations will be met.

-False. **Correct. The project justification helps tie the project back to the strategic and operational goals of the company and its mission.

True or false. The project planning phase is completed when all of the project work activities produce the promised deliverables and the project outcomes are ready to be delivered to the customer.

False. **Correct. The project planning phase is complete when the scope, budget, and schedule are approved by the customer and the project team.