Question 1

It is generally advisable to have the project manager serve as the termination manager.

Accepted Answer

Having the project manager also serve as the termination manager can lead to conflicts of interest, as the project manager's focus on achieving project objectives may conflict with the termination manager's role of ensuring a project is concluded properly, including addressing any unresolved issues, completing necessary documentation, and releasing project resources. It is often more effective to have separate individuals or teams handle these roles to ensure both project completion and proper closure are handled optimally.

Question 2

A discussion of the potential for project failure and monetary loss should be included in the audit report.

Accepted Answer

Including a discussion of the potential for project failure and monetary loss in the audit report is important as it provides a comprehensive risk assessment, helping stakeholders understand the financial implications and make informed decisions.

Question 3

Agile projects can be closed before they are completed.

Accepted Answer

Agile projects can be closed before completion if they meet the project goals earlier than expected or if continuing the project is no longer viable or beneficial.

Question 4

Naming the wrong project manager is a fundamental reason for project failure.

Accepted Answer

Selecting an inappropriate project manager can lead to mismanagement, lack of direction, and ultimately, project failure due to inadequate leadership and decision-making skills.

Question 5

The use of forms to collect data during a project audit is generally considered not to be good management practice since they can limit the audit team's flexibility.

Accepted Answer

Forms and structured data collection tools are commonly used in project audits to ensure consistency, completeness, and efficiency in gathering necessary information. They help in standardizing the audit process and can actually enhance the audit team's ability to perform a thorough and effective audit.

Question 6

Organizational structure should be addressed in the project final report.

Accepted Answer

The organizational structure is important to include in the project final report as it outlines the hierarchy and responsibilities within the project, helping stakeholders understand how decisions were made and who was responsible for various tasks.

Question 7

Termination-by-integration occurs when an "in-house" project is successfully completed and institutionalized as a new, formal part of the organization.

Accepted Answer

Termination-by-integration refers to the process where a project is completed and its elements, resources, or processes are absorbed into the regular operations of an organization, but it specifically does not imply the project was "in-house" or that it becomes a new, formal part of the organization. It's more about integrating the project's outcomes into existing structures.

Question 8

Later project audits are typically of less value to the project team and of more interest to general management.

Accepted Answer

Later project audits are often focused on evaluating compliance, financial performance, and lessons learned, which are of more strategic interest to general management for future planning, rather than immediate value to the project team's operational tasks.

Question 9

Early project audits usually focus on the project's budget and schedule.

Accepted Answer

The answer of Early project audits usually focus on the...

Question 10

Project audits are typically very useful at the master schedule project state.

Accepted Answer

Project audits are typically more useful during the execution phase of a project to ensure that the project is on track and to identify any issues early on. The master schedule is usually established earlier in the planning phase.

Question 11

Project termination should be treated as a mechanistic process.

Accepted Answer

Project termination involves both procedural and human elements, requiring careful planning, communication, and consideration of stakeholders' interests, making it more than just a mechanistic process.

Question 12

Poor up-front planning is a fundamental reason for project failure.

Accepted Answer

Poor up-front planning can lead to unclear project objectives, unrealistic time or resource estimates, and inadequate risk management, all of which significantly increase the likelihood of project failure.

Question 13

It is best for the project manager and project team to make the termination decision.

Accepted Answer

The decision to terminate a project typically involves stakeholders beyond just the project manager and team, such as sponsors, senior management, or a steering committee, to ensure that broader organizational goals and impacts are considered.

Question 14

A special type of project termination characterized by its unexpected suddenness and initiated by events such as forced retirement of the projects champion or the merger of the firm conducting the project with another firm is referred to as termination by "murder".

Accepted Answer

Termination by "murder" refers to the abrupt and often unforeseen ending of a project due to external factors such as organizational changes, including the forced retirement of a project's champion or a merger, which can lead to the project being unexpectedly discontinued.

Question 15

The general audit is usually performed by a person or team with special technical skills.

Accepted Answer

The answer of The general audit is usually performed by...

Question 16

The request for proposal may contain valuable information for a project audit.

Accepted Answer

A Request for Proposal (RFP) often includes detailed project requirements, objectives, and criteria, which can be valuable in assessing project alignment and performance during an audit.

Question 17

Project audits are typically very useful in the initiation project state.

Accepted Answer

The answer of Project audits are typically very useful in...

Question 18

The way project termination is managed can impact the project's success.

Accepted Answer

Effective management of project termination ensures that all aspects of the project are properly concluded, lessons learned are documented, and resources are released or reallocated, all of which contribute to the overall success and closure of the project.

Question 19

With Agile approaches the project may be terminated at any time if the product owner determines the costs required to complete the remaining features in the product backlog exceed the benefits of adding these features.

Accepted Answer

In Agile methodologies, the product owner plays a crucial role in prioritizing the product backlog, and if it's determined that the cost of completing remaining features outweighs their benefits, the project can indeed be terminated or pivoted to focus on more valuable features. This flexibility is a core principle of Agile approaches, allowing for adaptability and responsiveness to change.

Question 20

The project final report is a history of the project.

Accepted Answer

The project final report serves as a historical document that provides a detailed account of the project's activities, outcomes, and lessons learned, effectively summarizing the project's lifecycle.

Quiz 8: Evaluating and Terminating the Project