Reference no: EM133129234

Question 1: When does a project close?

When a project is canceled
When a project runs out of money
When a project is successfully completed
All the above are correct answers

Question 2: You have just completed your project and have to confront the final activities your company requires when putting a project to bed. Which of the following activities is not expected to be part of the project closeout?

Lessons learned
Project archives
Release of resources
Supplier verification

Question 3: Your project is nearing completion. At your request, members of your project team are grouping together critical project documentation, including contracts and financial records, change orders, scope and configuration management materials, and supplier delivery records. This process involves the creation of which of the following?

Archives
Lessons learned
Contract and legal files
Scope document

Question 4: The execution phase of the IT project has just finished. The goals of this project were to update order-entry systems for your company's shipping department. Which of the following is the next step in the process of completing the project?

Gaining acceptance or the project by your shipping department
Finishing the work
Closing the contract
Releasing the resources

Question 5: The team has just completed work on the project. By all accounts, this was a difficult project from the beginning and the results bear this out. You were over budget by 20% and significantly behind your schedule. Morale became progressively worse in the face of the numerous challenges. At the close of the project, you decide to hold an informal meeting with the team to discuss the problems and identify their sources, all with the goal of trying to prevent something like this from happening again. This process is known as what?

Closing the project
Procurement audit
Lessons learned
Early termination

Question 6: During project closeout, you are required to attend to activities related to all the following except:

Conducting post-project review
Obtain acceptance by the customer or sponsor to ¬formally close the project
Document lessons learned
All are required activities for closeout

Question 7: During project closeout, you are required to attend to all these additional activities except:

Apply appropriate updates to all organizational processes
Archive relevant project documentation
Retain project resources into the foreseeable future as a precaution
Close out procurement activities

Question 8: The Closing Process Group in PMBoK refers to:
Processes required to track, review, and regulate the progress and performance of the project
Processes performed to complete the work defined in the project management plan
Processes performed to finalize all activities to formally close the project or phase
Processes performed to define a new project or new phase of an existing project

Question 9: Which of the following is a critical document to prepare during the closeout phase?

Control charts
Integrated communications plan
Lessons learned
Change requests

Question 10: Projects also can be terminated by the sponsor or customer for financial situations.
True
False

Question 11: The process of closing the project involves various actions, including

assigning Staff to activities.
examining and estimating costs associated with Staff.
recognizing and evaluating Staff.
having Staff get to know each other.

Question 12: Once all payments have been received and made, the project "books," or accounting records, can be closed, and a financial analysis of the project can be made in which final actual costs are compared to

the FCAC calculations made.
the project baseline budget.
actual value of the project.
amounts paid to suppliers.

Question 13: Which of the following would not be a closing action for a project?

Collecting and making final payments.
Conducting a post-project evaluation.
Organizing and archiving project documents.
Negotiating the project contract.

Question 14: At the close of the project, the project manager should meet with each project team member individually to

solicit feedback about project performance and how improve future projects.
determine if the member is available for additional work on the project.
plan for the team member's responsibilities in the next project.
identify problems in the project.

Question 15: Lessons learned could be helpful in bidding, planning, and/or performing future projects.
True
False

Question 16: The project organization should establish a ____ that includes an easily accessible repository that encourages project managers and teams to retrieve lessons learned and information from previous projects.

document storage routine
file structure
knowledge base system
revision process

Question 17: During project closing, the project team or contractor should ensure that copies of appropriate project documentation are properly organized, filed, and archived so that

they can be stored easily
they can be readily retrieved for future use.
files are ready for audit
the project sponsor could review them.

Question 18: During the final group meeting for the project, the project team should discuss all of the following except

technical performance of the project.
communications plan.
lessons learned.
individual contributions to the project and how to improve.

Question 19: Which of the following would be the most effective technique to avoid early termination of a project due to customer dissatisfaction?

Meet all the deliverables on time and under budget.
Monitor the level of customer satisfaction continually throughout the project.
Monitor the level of customer satisfaction and take corrective action.
Incorporate lessons learned into the project plan.

Question 20: Which of the following is the most likely the short-term result of a project being terminated early by a customer?

The contractor experiences a financial loss and may have to lay off employees.
The contractor's reputation is tarnished.
There will be no future business from the customer.
Other businesses withdraw their future projects from the contractor.