Question 1

Briefly describe the four types of project termination.

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Question 2

Four fundamental reasons for project failure include all of the following except;
A) Project was not required for this task in the first place
B) Insufficient support form senior management
C) Insufficient funds
D) Poor up-front funding
E) Naming the wrong project manager

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Question 3

Which of the following is most closely associated with the output of a project becoming a standard part of the operating systems of the sponsoring firm or client?
A) termination-by-addition
B) termination-by-extinction
C) termination-by-integration
D) termination-by-starvation
E) termination-by-elimination

Accepted Answer

Termination-by-integration refers to a situation where the output of a project becomes a standard part of the operating systems of the sponsoring firm or client.

Question 4

What content should be included in the audit report?

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Question 5

Which of the following is not a main duty of the termination manager?
A) Oversee the closing of the project's books
B) Complete the project final report
C) Ascertain any product support requirements
D) Ensure completion of work
E) Ensure that documentation is complete

Accepted Answer

While completing the project final report may be a responsibility of the termination manager, it is not a main duty. The main duties of the termination manager often revolve around ensuring that all project work is completed, all necessary documentation is gathered and maintained, and any product support requirements are met. Overseeing the closing of the project's books and ensuring completion of work are also main duties of the termination manager.

Question 6

Briefly describe and contrast general audits, detailed audits, and technical audits.

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Question 7

A data collection form to support a project audit would include data from all the following categories except
A) financial data
B) technical data
C) managerial data
D) risk management data
E) All of the above categories would be included in the data collection form.

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Question 8

List several key items to consider for project evaluation report recommendations.

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Question 9

What are the steps in a project audit?

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Question 10

What criteria should be included in evaluating a project?

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Question 11

Which of the following is not a typical step in a project audit?
A) familiarize the audit team with the requirements of the project
B) collect benchmark data from other similar projects
C) audit the project on-site
D) write-up the audit report in the required format
E) distribute the report

Accepted Answer

Collecting benchmark data from other similar projects is not a typical step in a project audit, as the audit focuses on the specific project at hand and its compliance with the requirements and goals set forth. While benchmarking may be used as a reference tool during the audit, it is not usually a formal step in the process.

Question 12

Contrast termination-by-addition with termination-by-integration.

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Question 13

Which of the following was not a major section listed in the text for the audit report?
A) current status
B) future project status
C) critical management issues
D) financial analysis
E) risk analysis and risk management

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Question 14

Briefly describe the value of project audits for alternative project states.

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Question 15

Which of the following information should not be contained in an audit report?
A) Introduction
B) final comments
C) Risk analysis
D) future project status
E) Project RACI matrix

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Question 16

What are the main duties of the termination manager?

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Question 17

Which of the following is not a type of project termination mentioned in the text?
A) project extinction
B) termination-by-addition
C) termination-by-integration
D) termination-by-starvation
E) termination-by-elimination

Accepted Answer

The types of project termination typically mentioned include extinction, addition, integration, and starvation. Termination-by-elimination is not a standard type of project termination discussed in project management literature.

Question 18

Which of the following is typically not included in the project final report?
A) administrative performance
B) project performance
C) organizational structure
D) project teamwork
E) risk analysis and risk management

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Question 19

The four important dimensions for measuring project success include the following except…
A) Efficiency in meeting the budget and schedule
B) Customer impact/satisfaction
C) Business/direct success
D) Future potential
E) Planning

Accepted Answer

The four important dimensions for measuring project success typically include efficiency in meeting the budget and schedule, customer impact/satisfaction, business/direct success, and future potential. Planning is a critical aspect of project management but is not considered a dimension for measuring project success; it is rather a process that contributes to achieving success in those dimensions.

Question 20

Which of the following was not mentioned in the text as a valuable source of information for a project audit?
A) the project's Request for Proposal
B) minutes from the project selection committee
C) benchmark data from other similar projects
D) minutes of senior management committees that initiated the project
E) All of the above were mentioned in the text as valuable sources of information for a project audit.

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Quiz 8: Evaluating and Terminating the Project

Briefly describe the four types of project termination.

Four fundamental reasons for project failure include all of the following except;

Which of the following is most closely associated with the output of a project becoming a standard part of the operating systems of the sponsoring firm or client?

What content should be included in the audit report?

Which of the following is not a main duty of the termination manager?

Briefly describe and contrast general audits, detailed audits, and technical audits.

A data collection form to support a project audit would include data from all the following categories except

List several key items to consider for project evaluation report recommendations.

What are the steps in a project audit?

What criteria should be included in evaluating a project?

Which of the following is not a typical step in a project audit?

Contrast termination-by-addition with termination-by-integration.

Which of the following was not a major section listed in the text for the audit report?

Briefly describe the value of project audits for alternative project states.

Which of the following information should not be contained in an audit report?

What are the main duties of the termination manager?

Which of the following is not a type of project termination mentioned in the text?

Which of the following is typically not included in the project final report?

The four important dimensions for measuring project success include the following except…

Which of the following was not mentioned in the text as a valuable source of information for a project audit?