Deck 8: Closing Projects and Best Practices

Question 1

Project ____ are usually most interested in making sure that final products,services,or results are delivered on schedule and within budget.

A) managers
B) auditors
C) sponsors
D) handlers

Answer 1

C

Question 2

Assigning a project manager from operations to lead projects that affect operations is considered to be a best practice.

Answer 2

True

Question 3

When developing a ____ plan,the project team should work with managers in affected operating departments,and the contents of the plan should be tailored to fit the support needs of the project.

A) training
B) transition
C) performance
D) contingency

Answer 3

B

Question 4

Only the project manager should determine if all work required in each contract was completed correctly and satisfactorily.

Question 5

To ____ a project,you must finalize all activities and transfer the completed or canceled work to the appropriate people.

A) close
B) initiate
C) audit
D) assess

Question 6

The final process in project procurement management is closing the contract.

Question 7

Examples of organizational ____ assets include policies and procedures,guidelines,information systems,financial systems,management systems,lessons learned,and historical information.

A) fixed
B) venture
C) human
D) process

Question 8

You may be able to manage programs or portfolios well even if you cannot manage projects well.

Question 9

Organizations should strive to improve all their business processes,including procurement management.

Question 10

According to Robert Butrick,you should only engage stakeholders in the last stage of a project.

Question 11

Contracts are legally binding agreements.

Question 12

To prevent problems and improve project management,many people are attempting to discover and use best practices,such as developing more realistic estimates and forecasts.

Question 13

According to Robert Butrick,every project should be closed to make sure that all work ceases,that lessons are learned,and that remaining resources are released for other purposes.

Question 14

Closing projects involves gaining ____ acceptance of the final products and services,and bringing the project to an orderly end.

A) stakeholder and manager
B) stakeholder and customer
C) manager and customer
D) manager and employee

Question 15

The contract itself should exclude requirements for formal acceptance and closure.

Question 16

Most projects produce results that are integrated into new organizational structures.

Question 17

Every project should have procedures to guide closure.

Question 18

A customer acceptance/project completion form should be completed and signed by the project manager.

Question 19

When developing a transition plan,the project team should exclude managers in affected operating departments.

Question 20

OPM3 is a standard developed to provide a way for organizations to measure their organizational project management maturity against a comprehensive set of best practices.

Question 21

____________________ closure involves completion and settlement of contracts,and resolution of any open items.

Question 22

____ audits are often performed during contract closure to identify lessons learned in the entire procurement process.

A) Record
B) Procurement
C) Purchase
D) Update

Question 23

Which of the following is a category under project best practices?

A) Project scope planning process control
B) Portfolio cost budgeting process control
C) Project resource planning process standardization
D) Portfolio cost estimating process measurement

Question 24

Outputs from ____ closure include updates to organizational process assets and closed contracts.

A) project
B) training
C) charter
D) contract

Question 25

A(n)____ management system provides the ability to easily organize,find,and archive procurement-related documents.

A) procurement
B) procurement-related
C) resource
D) records

Question 26

Which of the following is a category under portfolio best practices?

A) Program initiation process standardization
B) Project plan development process measurement
C) Portfolio risk management planning process improvement.
D) Project scope definition process improvement

Question 27

OPM3 lists ____ best practices,which PMI says are achieved through developing and consistently demonstrating their supporting capabilities,as observed through measurable outcomes.

A) 111
B) 237
C) 350
D) 586

Question 28

A best practice is "a(n)____ way recognized by industry to achieve a stated goal or objective."

A) optimal
B) accepted
C) targeted
D) established

Question 29

According to OPM3,which of the following illustrates a best practice?

A) Reduce internal project management communities.
B) Establish internal project management communities.
C) Limit contact with virtual workers.
D) Restrict remote communications to the phone only.

Question 30

A maturity model describes a(n)____ path of increasingly organized and systematically more mature processes.

A) evolutionary
B) static
C) fixed
D) retrograde

Question 31

Two tools to assist in contract closure are ____ audits and a records management system.

A) dispatch
B) supply
C) procurement
D) acquisition

Question 32

____ are the results of applying capabilities.

A) Outcomes
B) Events
C) Effects
D) Impressions

Question 33

Best practices are organized into three levels: project,program,and ____.

A) task
B) work unit
C) portfolio
D) module

Question 34

Within each of the three larger categories,best practices are categorized by ____ stages of process improvement.

A) two
B) three
C) four
D) five

Question 35

____________________ closure procedures should define the approval process for all project deliverables.

Question 36

To prevent problems and improve project management,many people are attempting to discover and use best ____________________,such as developing more realistic estimates and forecasts.

Question 37

It is good practice to hold a(n)____________________ meeting as a project nears completion or termination.

Question 38

A higher ____ level for an organization enhances overall project performance.

A) advancement
B) maturity
C) awareness
D) staffing

Question 39

The Software Engineering Institute (SEI)is a federally funded research and development center established in ____ by the U.S.Department of Defense with a broad mandate to address the transition of software engineering technology.

A) 1968
B) 1972
C) 1980
D) 1984

Question 40

The last task in project integration management is ____________________ the project.

Question 41

What exercise regimen does Rosabeth Moss Kanter recommend for business leaders who want to intelligently adapt best practices to help their own organizations?

Question 42

Highlight several important features of the final project report for the Just-In-Time Training project.

Question 43

____________________ are incremental steps that lead to best practices.

Question 44

Identify and describe four program best practices.

Question 45

A(n)____________________ model is a framework for helping organizations improve their processes and systems.

Question 46

Describe the process and importance of closing projects.

Question 47

OPM3 defines ____________________ project management as "the systematic management of projects,programs,and portfolios in alignment with the achievement of strategic goals."

Question 48

The ____________________ Baseline Study provides a comprehensive overview of project management practices in organizations and industries worldwide,with over 600 participants.

Question 49

A(n)____________________ is a criterion used to determine whether the outcome associated with a capability exists,or the degree to which it exists.

Question 50

Explain procurement audits and records management systems.