Deck 8: Evaluating and Terminating the Project

Question 1

The primary purpose of project evaluation is to given feedback to senior management for decision and control purposes.

Answer 1

True

Question 2

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

Answer 2

False

Question 3

Project evaluation should be limited to an after-the fact analysis.

Answer 3

False

Question 4

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

Question 5

The Request for Proposal may contain valuable information for a project audit.

Question 6

The timing of an audit depends on the purpose of the audit.

Question 7

According to research,future potential is an important dimension of project success.

Question 8

The original criteria for selecting and funding the project are largely irrelevant for project evaluation.

Question 9

The formal audit is a special type of project evaluation.

Question 10

The project audit is typically broader than the traditional management audit.

Question 11

Project evaluation appraises the performance of a project relative to the project's initial or revised plan.

Question 12

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.

Question 13

Project evaluation should only appraise the progress and performance of a project relative to the project's initial plan and not relative to a revised plan.

Question 14

Measuring a project's success on budget,schedule,and performance is typically more complicated than measuring revenues or qualitative,subjective factors.

Question 15

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

Question 16

Project evaluation should NOT be limited to an after-the-fact analysis.

Question 17

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

Question 18

Measuring the project's performance against a planned budget and schedule is generally straightforward.

Question 19

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

Question 20

The project audit focuses its attention on the organization's management systems and operations.

Question 21

Organizational structure should be addressed in the project final report.

Question 22

According to the text,which of the following is NOT a common level of depth for an audit.

A) the general audit
B) the detailed audit
C) technical audit
D) aggregate audit
E) All of the above are common levels of depth for an audit.

Question 23

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.

Question 24

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

Question 25

Project termination should be treated as a mechanistic process.

Question 26

In which of the following project states is the value of the project audit of rather limited usefulness?

A) master schedule
B) initiation
C) feasibility study
D) preliminary plan/schedule budget
E) The value of the project audit is very useful in all of the above project states.

Question 27

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

Question 28

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

Question 29

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

Question 30

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

Question 31

According to research,which of the following is NOT an important dimension of project success?

A) project efficiency
B) project team cohesiveness
C) customer impact/satisfaction
D) business/direct success
E) future potential

Question 32

The project final report is a history of the project.

Question 33

Which of the following audits is typically performed by a person or team with special technical skills?

A) the general audit
B) the detailed audit
C) the aggregate audit
D) the quality audit
E) the technical audit

Question 34

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

Question 35

Which of the following is concerned with appraising a project relative to its initial or revised plan?

A) project evaluation
B) project termination
C) project monitoring
D) project control
E) project planning

Question 36

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

Question 37

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

Question 38

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

Question 39

According to the text,which of the following is NOT an item to consider for project evaluation report recommendations?

A) communication with the client and senior management
B) locating opportunities for technological advances
C) locating opportunities to crash the project
D) improving the project-management process
E) improving the organization's used of projects

Question 40

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

Question 41

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

Question 42

Which of the following information should NOT be contained in a audit report?

A) Introduction
B) final comments
C) Risk analysis
D) future project status
E) Project RACI matrix

Question 43

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

Question 44

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.

Question 45

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