Question 1

The three credit hour Paris Study Tour was extremely popular for two reasons: the class focused solely on popular tourist destinations rather than business disciplines and they went to Paris.Rather than disband the project team,the Paris group became a formal International Experience group within the college,resulting in its termination by ________.

Accepted Answer

addition

Question 2

Static factors that may play a role in the decision to terminate a project early include company image and the presence of high sunk costs.

Accepted Answer

Static factors, such as company image and high sunk costs, can be influential in the decision to terminate a project early. These factors are typically outside of the project team's control and can make it difficult to justify continuing the project despite poor performance or unexpected obstacles.

Question 3

The community spent a day raising Joseph Stoltzfus' barn and by the time the sun was down,he was ready to put his horses in the stalls.This project is an example of termination by ________.

Accepted Answer

extinction

Question 4

The trailer had been reinforced,re-decked and had a fresh coat of paint.It was fully complete and finally ready for a run to Kansas City to pick up a rebounding son.This project has achieved natural termination.

Accepted Answer

The statement indicates that the trailer project has been fully completed and is ready for use, so it has achieved a natural termination.

Question 5

Arbitration refers to the formalized system for dealing with grievances and administering corrective justice to parties in a bargaining situation.

Accepted Answer

Arbitration is a formalized system for resolving disputes between parties in a bargaining situation, where an impartial third party is appointed to make a binding decision on the matter at hand. It is often used in employment and labor relations, as well as commercial disputes.

Question 6

In the United States,a Private Finance Initiative is used to protect the excessive financial exposure of a contracting agency to a project being developed.

Accepted Answer

A Private Finance Initiative (PFI) is a way of creating public-private partnerships by funding public infrastructure projects with private capital, not specifically to protect a contracting agency from financial exposure.

Question 7

A classic early warning sign of project failure is the realization that a product being developed was targeting a market that few new products and firms were entering.

Accepted Answer

If few new products and firms are entering the market, it could indicate that the market is small, already saturated, or uninterested in the product being developed, which could lead to project failure. Thus, this is a classic early warning sign.

Question 8

Closeout activities are typically among the highest priority activities in a project.

Accepted Answer

Closeout activities are generally conducted at the end of a project to ensure all aspects are completed, documented, and handed over properly, but they are not typically considered the highest priority activities throughout the project lifecycle. High priority is often given to activities critical to the project's progress and success during its execution phase.

Question 9

One major deterrent to effective project closeout is client acceptance of the project.

Accepted Answer

Client acceptance is crucial to ensure that the project meets their expectations and requirements, and to finalize all contractual obligations. Without it, the project cannot be considered complete and closed out successfully.

Question 10

The goal in requiring a final project report is to lay the groundwork for successful future projects.

Accepted Answer

Requiring a final project report allows for reflection on the successes and challenges faced during the project, identifying areas for improvement, and documenting lessons learned. All of this information can be used to inform and improve future projects.

Question 11

Activity and funding for the CEO's pet project stopped during the economic downturn and even after her retirement the file remained open.A few years and 30% turnover later,many employees didn't know the purpose of the half-finished obelisk in the cafeteria.The obelisk was fated to a permanent half-finished state thanks to its termination by ________.

Accepted Answer

The answer of Activity and funding for the CEO's pet...

Question 12

The actual carryover from one project to another is minimal because projects are unique,one-time events.

Accepted Answer

While each project is unique and one-time, there can still be valuable knowledge, skills, and processes that can be transferred from one project to the next. This is why many companies have project management methodologies and knowledge sharing practices in place to capture and apply lessons learned from past projects.

Question 13

The development of a quartz watch that was more accurate than a multi-jewel movement watch at a fraction of the cost resulted in a(n)________ of the 40-jewel movement project that Swiss watchmaker Yodelhaus was currently managing.

Accepted Answer

The answer of The development of a quartz watch that...

Question 14

Systematic errors are not one-time incidents,but instead represent built-in components of the project management process.

Accepted Answer

Systematic errors are recurring errors that can be attributed to the process itself, and not to any individual mistakes. They are often caused by flaws in the project management methodology, tools, or systems.

Question 15

Termination by addition and termination by integration both represent successful project completion.

Accepted Answer

Both termination by addition and termination by integration indicate that the project has been completed successfully.

Question 16

The new dean was completely uninterested in international programs,so he selected the least competent faculty to serve on the committee and took away their doughnut budget,effectively terminating the project by starvation.

Accepted Answer

The sentence clearly states that the new dean was uninterested in international programs and took away their doughnut budget, effectively terminating the project by starvation. Therefore, the statement is true.

Question 17

Loss of team identity during project termination is a significant internal intellectual issue.

Accepted Answer

The answer of Loss of team identity during project termination...

Question 18

In August 2012,after twenty years in development,the combination heart monitor-ashtray for hospital intensive care patients was finally terminated,a victim of the change in the social acceptability of smoking in general and in particular,smoking by hospital patients.This is an example of natural termination.

Accepted Answer

This is an example of socio-cultural termination, where a project or product becomes irrelevant or inappropriate due to changes in social norms, values, or cultural attitudes, rather than due to the natural conclusion of its intended lifecycle or goals.

Question 19

The build,operate,transfer option for projects requires the project contractor to take initial ownership of the project in order to make sure it works,thus mitigating risk in the short run.

Accepted Answer

The answer of The build,operate,transfer option for projects requires the...

Question 20

A project that is terminated by extinction is not completed successfully.

Accepted Answer

The answer of A project that is terminated by extinction...

Quiz 14: Project Closeout and Termination