Project Cycle - Closing and Monitoring

Question 1

It is the fourth and last phase in the project life cycle.

Answer 1

Project Closure

Question 2

In this phase, you will formally close your project and then report its overall level of success to your sponsor.

Answer 2

Project Closure

Question 3

It involves handing over the deliverables to your customer, passing the documentation to the business, cancelling supplier contracts, releasing staff and equipment, and informing stakeholders of the closure of the project.

Answer 3

Project Closure

Question 4

The one who takes center stage and will be checking that all project work is completed and that the project has met its objectives, including work and objectives that were added along the way as the result of approved change requests.

Answer 4

Project Manager

Question 5

Exit criteria for the phase or project

Answer 5

1. ) Making certain that all documents and deliverables are up-to-date and that all issues are resolved;
2. ) Confirming the delivery and formal acceptance of deliverables by the customer;
3. ) Ensuring that all costs are charged to the project;
4. ) Closing project accounts;
5. ) Reassigning personnel.
6. ) Dealing with excess project material.
7. ) Reallocating project facilities, equipment, and other resources;
8. ) Elaborating the final project reports as required by organizational policies.

Question 6

Activities related to the completion of the contractual agreements applicable to the project or project phase

Answer 6

1. ) Confirming the formal acceptance of the seller’s work.
2. ) Finalizing open claims.
3. ) Updating records to reflect final results,
4. )
   Archiving such information for future use.
5. ) Dealing with excess project material.
6. ) Reallocating project facilities, equipment, and other resources;
7. ) Elaborating the final project reports as required by organizational policies.

Question 7

Closing Inputs

Answer 7

1. ) Project Charter
2. ) Project Management Plan
3. ) Project Documents
4. ) Accepted Deliverables
5. ) Business Documents
6. ) Agreements
7. ) Procurement Documentation
8. ) Organizational Process Assets

Question 8

The _______________ documents the project success criteria, the approval requirements, and who will sign off on the project.

Answer 8

Project Charter

Question 9

All components of ______________are an input to this process.

Answer 9

Project Management Plan

Question 10

_____________ are used on the project but are not considered part of the Project management plan.

Answer 10

Project Documents

Question 11

_______________ may include approved product specifications, delivery receipts, and work performance documents.

Answer 11

Accepted Deliverables

Question 12

They are documents created outside the project, which result in a project being initiated.

Answer 12

Business Documents

Question 13

In this case, “__________” means the contracts that were issued for the project and recorded in the Procurement Management Plan.

Answer 13

Agreements

Question 14

To close the contract, all _________ is collected, indexed, and filed.

Answer 14

procurement documentation

Question 15

The __________ that can influence the Close Project or Phase process

Answer 15

organizational process assets

Question 16

CLOSE PHASE: TOOLS AND TECHNIQUE

Answer 16

1. ) Expert Judgement
2. ) Data Analysis
3. ) Meetings

Question 17

EXPERT JUDGMENT
Expertise should be considered from individuals or groups with specialized knowledge or training in the following topics:

Answer 17

1. ) Management control,
2. ) Audit,
3. ) Legal and procurement,
4. ) Legislation and regulations.

Question 18

CLOSE PHASE:
OUTPUTS

Answer 18

1. ) Project Documents Updates
2. ) Final Product, Service, or Result Transition
3. ) Final Report
4. ) Organizational Process Assets

Question 19

___________ process oversees all the tasks and metrics necessary to ensure that the approved and authorized project is within scopre, on time, and on budget so that the project proceeds with minimal risk.

Answer 19

Project Monitoring

Question 20

True or false

Changes are inevitable.

Answer 20

TRUE

Question 21

TRUE OR FALSE
In spite of planning the project to the minutest detail, a project manager will come across changes during the course of the project

Answer 21

True

Question 22

Taking corrective actions is a _____ approach.

Answer 22

REACTIVE

Question 23

taking preventive actions is a ______ approach

Answer 23

PROACTIVE

Question 24

Defect Repair

Another word for Defect Repair is “__________”.

Answer 24

REWORK

Question 25

TRUE OF FALSE
When a component of the project does not produce the required output or does not meet the required specifications, a DEFECT REPAIR MAY BE REQUESTED.

Answer 25

TRUE

Question 26

PROJECT MANAGEMENT PLAN include:

Answer 26

1. ) Executive Summary
2. ) Project Scope
3. ) Feasibility Estimation
4. ) Project Limitations
5. ) Training and Infrastructure Requirements
6. )
   Project Schedule
7. ) Budget Estimate
8. ) Risk and Issues Management
9. ) Change and Communication Management
10. ) Associated Products and Deliverables
11. ) Approvals and Attachments
12. ) Conclusion

Question 27

PROJECT DOCUMENTS include:

Answer 27

1. ) Assumption log.
2. ) The basis of estimates.
3. ) Changelog
4. ) Issue log.
5. ) Lessons learned register.
6. ) Milestone list.
7. ) Project communications
8. ) Quality control measurements.
9. ) Quality reports.
10. ) Requirements documentation.
11. ) Risk register.
12. ) Risk report.