Question 1

The reaction of an advocacy group is categorized as a negative consequence for a project.

Accepted Answer

The reaction of an advocacy group can be either negative or positive depending on whether they support or oppose the project. Therefore, it is not always a negative consequence.

Question 2

The project purpose in the project charter may include prior documents for selecting the project.

Accepted Answer

False

Question 3

The acceptance criteria describe the criteria necessary for the sponsor to approve the deliverables.

Accepted Answer

This statement accurately reflects the purpose of acceptance criteria in project management.

Question 4

Unexpected events are reasons for an organization to decide to initiate a project.

Accepted Answer

Unexpected events such as changes in market conditions, new competition, technological advancements, or shifts in customer preferences can prompt an organization to initiate a project to respond to these circumstances.

Question 5

Funding statements in a project charter may be broken into the amount authorized by project phase.

Accepted Answer

Funding statements in a project charter can be broken into the amount authorized by project phases to ensure proper allocation of resources and budget control.

Question 6

The initiating phase of the project life cycle starts with recognizing a need.

Accepted Answer

The initiating phase includes recognizing a need, determining the feasibility and viability of the project, and establishing the project goals and objectives.

Question 7

Disadvantages for doing a project may have a positive impact on an organization.

Accepted Answer

Disadvantages such as challenges, setbacks or failures during a project can lead to learning opportunities, innovation, and improvements for the organization. It can encourage a culture of resilience and problem-solving, and also help in identifying areas for development and growth.

Question 8

The project justification includes the key assumptions for the project.

Accepted Answer

The project justification typically includes the key assumptions for the project, along with other important information such as project goals, scope, and expected benefits.

Question 9

The project description in the project charter is a high-level description of the project and references more detailed documents regarding key performance requirements.

Accepted Answer

The project description in the project charter provides a high-level overview of the project and refers to more detailed documents for specific performance requirements.

Question 10

Quantitative benefits of a project are the intangible benefits of completing a project such as employee morale.

Accepted Answer

Quantitative benefits refer to tangible benefits that can be measured in numerical terms such as cost savings, increased revenue, or improved efficiency. Employee morale is an example of a qualitative or intangible benefit that cannot be easily measured in numerical terms.

Question 11

The project objective in the project charter indicates the deliverable, schedule, and budget for a project.

Accepted Answer

The project objective in the project charter is a statement that outlines the desired outcome or result of the project, as well as the scope, schedule, budget, and other key factors that will be used to measure the project's success. It defines what will be delivered, when it will be delivered, and how it will be delivered.

Question 12

Projects that are not similar cannot be compared when making a selection to move forward with a project.

Accepted Answer

Projects that are not similar can still be compared using criteria such as return on investment, strategic alignment, resource requirements, and risk, allowing for informed decision-making.

Question 13

A milestone schedule lists target dates for phases of a project.

Accepted Answer

A milestone schedule is a type of schedule that outlines specific target dates or events that mark significant points in a project's timeline. These dates may represent the completion of major deliverables, the achievement of key objectives or goals, or the completion of major project phases. By establishing these milestones, project managers can monitor progress and track performance against the project plan.

Question 14

The major deliverables in the project charter describe the details of the work packages in the work breakdown structure.

Accepted Answer

The major deliverables in the project charter describe the project objectives, scope, stakeholders, and overall approach to the project. The work breakdown structure includes the breakdown of these deliverables into smaller work packages.

Question 15

The project title should be a code word even if the project is not confidential.

Accepted Answer

The project title does not necessarily need to be a code word unless the project is confidential or there are specific reasons for obscuring the project's nature or details.

Question 16

The success criteria in the project charter indicate the expected benefits of the project including what the expectations are for project success.

Accepted Answer

The success criteria in the project charter define what the project is expected to accomplish and how success will be measured. They are critical for determining whether the project has achieved its goals and delivered the expected benefits.

Question 17

Every project that is identified is selected to be completed.

Accepted Answer

Not all identified projects may be feasible or necessary to complete, so not every project is selected to be completed.

Question 18

Meeting the acceptance criteria listed in the project charter means the customer is satisfied.

Accepted Answer

Acceptance criteria are specific conditions that must be met for a project to be accepted, but meeting them does not guarantee customer satisfaction, as there may be other expectations or requirements not captured in the acceptance criteria.

Question 19

The project charter is also called a project authorization or a project initiation document.

Accepted Answer

The project charter is also known as project authorization or a project initiation document.

Question 20

Surveys of stakeholders can be used to gather only quantitative data.

Accepted Answer

Surveys of stakeholders can gather both quantitative and qualitative data. Quantitative data can be gathered through closed-ended questions with options for responses, while qualitative data can be gathered through open-ended questions or comment boxes.

Quiz 2: Identifying and Selecting Projects