Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

16. It may be easier to estimate the costs for ____, but as the project progresses, the project team can progressively elaborate the estimated costs

16. It may be easier to estimate the costs for ____, but as the project progresses, the project team can progressively elaborate the estimated costs as more information is known or becomes clear to allow for more accurate estimated costs.

a. near-term activities

b. activities near the end of the project

c. new activities with new procedures

d. activities with long durations

17. The project cost estimate is allocated to

a. the various work packages in the project work breakdown structure. b. the resources in the project.

c. the committed costs in the project.

d. the stakeholders.

18. The budget for each work package is

a. charged completely on the first day of the work package.

b. charged at the end of the project.

c. distributed over the duration of the work package.

d. charged completely on the last day of the work package.

19. Large projects would have charge codes for the work package numbers to a. have a place for other projects to charge expenses.

b. determine how the actual costs compare to the planned costs.

c. have resources be able to determine what tasks they should complete. d. allow for cutting of the budget for the activities if need to cut the budget.

20. Committed costs need to be treated in a special way so that the system

a. audits the amounts assigned.

b. periodically assigns a portion of their total cost to actual cost.

c. enters the amount of the cost one time at the end of the project.

d. enters the amount of the cost one time at the beginning of the project.

21. The process of closing the project involves various actions, including

a. conducting a post-project evaluation.

b. listening to the customer to make sure of what is needed in the project. c. evaluating and estimating the resources for the project.

d. performing the final work on tasks.

22. The process of closing the project involves various actions, including

a. using lessons learned from prior projects.

b. documenting lessons learned.

c. researching lessons learned in the knowledge base.

d. identifying the similarities of this project to other projects for planning.

23. The process of closing the project involves various actions, including

a. organizing and archiving project documents.

b. recording revision numbers in the names of documents.

c. using techniques such as track changes to record document edits.

d. creating a file structure to save and organize project documents.

24. During the ____, the project team or contractor should ensure that copies of appropriate project documentation are properly organized, filed, and archived so that they can be readily retrieved for future use.

a. evaluating the project phase

b. controlling the project phase

c. performing the project phase

d. closing the project phase

25. The purposes of ____ should be to determine whether the project provided the customer with the expected benefits, assess the level of customer satisfaction, and obtain any feedback that would be helpful in future business relationships with this customer or with other customers. a. a post-project evaluation meeting with the customer or sponsor

b. a project progress meeting with project stakeholders

c. an analysis session with the project team

d. a pre-RFP meeting with the customer

26. Participants of ____ should include the project manager, key project team members, and key representatives of the customers organization who were involved with the project. a. a post-project evaluation meeting with the customer or sponsor

b. a project progress meeting with project stakeholders

c. an analysis session with the project team

d. a pre-RFP meeting with the customer

27. The project manager should schedule the post-project evaluation meeting with the customer or sponsor for a time when the customer is in a position to

a. pay all the expenses of the project to the contractor.

b. really determine whether the project met expectations and achieved the anticipated benefits.

c. solicit proposals for a new RFP.

d. begin planning for future projects or opportunities for the contractor.

28. The purpose of identifying and documenting lessons learned is to capitalize on the knowledge and experience gained on the project in order to

a. improve performance on future projects.

b. create a large database of information.

c. establish a procedure of identification and documentation.

d. keep project team members busy.

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

a. they can be stored easily.

b. they can be readily retrieved for future use.

c. the files are ready for audit.

d. the project sponsor could review them.

30. As part of, or in addition to, the documents in the archive, it can be valuable to create a database of common data elements from past projects in order to analyze and determine if there are trends or correlations that

a. show a strong project team member that should be given additional compensation. b. should be shared with the project sponsors of all the projects.

c. could be helpful in bidding, planning, and/or performing future projects. d. should be shown on the annual reports for the organization.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Operations Research Applications And Algorithms

Authors: Wayne L. Winston

4th Edition

0534380581, 9780534380588

More Books

Students also viewed these General Management questions

Question

=+What are "black markets"?

Answered: 1 week ago

Question

Plato is eudemus largely based.....?

Answered: 1 week ago

Question

Define Carbohydrates?classify carbohydrates with suitable examples?

Answered: 1 week ago

Question

Explain the electrocardiogram? How it works in a heart ?

Answered: 1 week ago

Question

Define Fats ? Important of fats ?

Answered: 1 week ago