Question 1

A project charter can vary in its length from one-page to multiple pages,depending on the size and complexity of the project.

Accepted Answer

The length of a project charter can vary depending on the size and complexity of the project. A one-page charter may be sufficient for a smaller project, while a larger project may require a more detailed charter spanning multiple pages.

Question 2

The charter signing represents the transition from the high-level project initiation stage into the more detailed project planning stage.

Accepted Answer

The charter signing is typically the culminating event of the project initiation stage and marks the beginning of the project planning stage, where the project team begins to develop detailed plans for how to execute the project.

Question 3

A charter can be used to quickly screen out obviously poor projects.

Accepted Answer

A charter outlines the goals and requirements for a project, which can help identify whether a project is feasible or not. This can be helpful in quickly screening out projects that do not meet the necessary criteria, allowing resources to be allocated more effectively.

Question 4

Risks,assumptions and constraints are included in the project charter so that key participants will be aware of what could prevent them from successfully completing the project.

Accepted Answer

Risks, assumptions and constraints are included in the project charter to make the key participants aware of potential obstacles that could impede successful completion of the project. Knowing about these factors upfront can help teams plan and mitigate their impact as they work towards achieving project objectives.

Question 5

The project charter serves as a formal legal contract between the project team and the project sponsor.

Accepted Answer

The project charter is not a formal legal contract but rather a document that defines the goals, scope, and stakeholders of the project. It serves as a roadmap for the project team to ensure that everyone is aligned and focused on the same objectives. While it is a formal document, it is not legally binding.

Question 6

The signing of the project portfolio statement signals the transition from the high-level project initiating stage into the more detailed project planning stage.

Accepted Answer

The answer of The signing of the project portfolio statement...

Question 7

The project business case provides a high-level description of what the project will accomplish and how it will be done.

Accepted Answer

The answer of The project business case provides a high-level...

Question 8

Constraints identified in the project charter are uncertain situations that could negatively or positively affect the project if they occur.

Accepted Answer

Constraints identified in the project charter are specific limitations or restrictions on the project, such as budget, time, or resources, not uncertain situations. Uncertain situations that could impact the project are referred to as risks.

Question 9

In contrast to a legal contract,the parties to a signed project charter feel obligated to the spirit (as opposed to the letter)of the charter since the project details have not yet been worked out and the specifics will certainly change.

Accepted Answer

The statement is true. A project charter is not a legally binding agreement, but it serves as a guiding document that outlines the project's purpose, goals, and scope. The project charter provides a clear understanding to all stakeholders about what work needs to be done, why, and how it will be carried out. While the details may change, the project charter sets the tone and expectations for the project, and the parties involved should adhere to the spirit of the agreement.

Question 10

Which of the following documents serves as an informal contract between the project team and the project sponsor? 
A) team members' employment contracts 
B) project charter 
C) project roadmap 
D) business case

Accepted Answer

The project charter serves as an informal contract between the project team and the project sponsor. It outlines the project's scope, objectives, stakeholders, budget, and timelines, and it's approved by the project sponsor. The team members' employment contracts are legal documents related to their employment terms and conditions, while the project roadmap outlines the project's high-level plan and milestones. The business case, on the other hand, justifies the project's need and potential benefits.

Question 11

A background statement is a mandatory element of the project charter that sets the stage for creation of the scope overview and business case.

Accepted Answer

A background statement is not a mandatory element of a project charter; it may be included to provide context, but the essential elements are typically the scope overview, business case, and other key components.

Question 12

A well-written business case should persuade decision-makers to support the project and inspire the project team members and key stakeholders to work hard towards successful completion of the project.

Accepted Answer

A well-written business case should be able to effectively communicate the goals, benefits, risks, and financial implications of the project to all stakeholders. It should be persuasive enough to gain the approval and support of decision-makers and motivate the project team members to contribute their best effort towards achieving project success.

Question 13

The project charter grants the project team the right to: 
A) begin project execution 
B) develop the project mission statement 
C) create a detailed project plan 
D) write a detailed business case

Accepted Answer

The answer of The project charter grants the project team...

Question 14

One purpose of the project charter is to help the project team and sponsor personally and formally commit to doing their best to achieve the agreed-upon project results.

Accepted Answer

The project charter serves as a formal agreement between the project team and the sponsor to work towards achieving the project goals and objectives to the best of their abilities.

Question 15

A key concept in agile projects is that something of value will be delivered at each iteration.

Accepted Answer

In agile projects, the goal is to deliver a working product or increment of value at the end of each iteration or sprint. This allows for incremental progress and feedback from stakeholders.

Question 16

The project master network is a high-level plan that indicates a few significant accomplishments that are anticipated over the life of the project.

Accepted Answer

The project master network is a detailed plan that outlines all the activities, their sequences, and the interdependencies between them, not just a few significant accomplishments.

Question 17

A background statement is often added to a project charter to help stakeholders better understand the rationale and purpose behind the scope overview and business case.

Accepted Answer

A background statement provides context and justification for a project, and helps stakeholders understand its importance and relevance. Having a clear understanding of the background is important for ensuring that everyone is aligned and working towards the same goals.

Question 18

The scope overview and business case sections of the project charter provide the high-level "what and where" of the project.

Accepted Answer

The answer of The scope overview and business case sections...

Question 19

A deliverable is a unique and verifiable product,result or capability to perform a service that is required to be produced to complete a process,phase,or project.

Accepted Answer

The definition of deliverable states that it is a unique and verifiable product, result or capability that is required to complete a process, phase or project. Therefore, the statement is true.

Question 20

During project charter creation there is typically a very general understanding of the project,so any budget included is approximate and should be called a preliminary budget with a corresponding confidence level for this estimate.

Accepted Answer

During project charter creation, the understanding of the project is generally broad, so any budget included is approximate and can be referred to as a preliminary budget with a corresponding confidence level for the estimate.

Quiz 3: Chartering Projects