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NDSU Project management Final Exam Questions with Correct Answers
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NDSU Project management Final Exam Questions with Correct Answers A ______________ plan must be developed that identifies and assesses potential risks, determines the likelihood of occurrence and potential impacts of risks, and delineates responses for dealing with risks - Answer-risk management...

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  • August 27, 2024
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  • 2024/2025
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NDSU Project management Final
Exam Questions with Correct
Answers

A ______________ plan must be developed that identifies and assesses potential risks,
determines the likelihood of occurrence and potential impacts of risks, and delineates
responses for dealing with risks - Answer-risk management

Typically the vast majority of the actual "work" or "effort" to achieve the project objective
is spent during the __________________________ - Answer-performing phase.

Projects documents are typically organized and archived during the - Answer-closing
phase.

T/F Resources can include people, organizations, equipment, materials, and facilities. -
Answer-True

T/F When establishing the project objectives, the objective must be agreed upon by the
project sponsor. - Answer-True

T/F The Project Management Institute is a worldwide not-for-profit organization of
practitioners that certifies project management professionals. - Answer-True

T/F The amount the sponsor has agreed to pay for acceptable project deliverables is
the project budget. - Answer-True

T/F A person or organization responsible for each work item should be identified to
assign responsibility to while planning the project. - Answer-True

T/F The project objective requires completing the project work scope and producing all
the deliverables by a certain time and within budget. - Answer-True

T/F The project scope document should include a list of deliverables and associated
acceptance criteria. - Answer-True

The _______________ usually states the time by which a project scope must be
completed in terms of the specific date agreed upon by the sponsor. - Answer-Project
objective

,T/F When a customer sends an RFP out to potential bidders, the RFP must indicate the
funds the customer has available to spend on the project. - Answer-False

T/F Projects that are not similar cannot be compared when making a selection to move
forward with a project. - Answer-False

The final decision of which projects to select during the initiation phase is typically the
responsibility of - Answer-the organization's owner, president, or department head.

T/F A milestone schedule lists target dates for phases of a project. - Answer-True

A bidders meeting may be held to:
A. clarify the RFP and answer any questions from potential bidders.
B. provide additional information only to those that attend the meeting.
C. solicit feedback on the clarity of the RFP to change the project requirements.
D. provide an unfair advantage to those at the meeting. - Answer-A. clarify the RFP and
answer any questions from potential bidders.

The project title should _________________________ - Answer-be concise and create
a vision for the end result of the project.

T/F If the project manager is selected in the initiating phase of the project, then the
project manager is likely to participate in the development of the project charter for the
project. - Answer-True

T/F request for proposals helps the organization decide which contractor to use. -
Answer-True

T/F The RFP should indicate the due date by which the customer expects potential
contractors to submit proposals. - Answer-True

T/F Project Initation is the second phase of the project life cycle, coming right after
Project Planning - Answer-False

Proposal preparation is typically completed by - Answer-one or more people depending
upon the requirements of the proposal.

T/F: From the contractor's perspective, the bid or no-bid decision should be made, at
least in part, considering the firm's capability to develop a quality proposal as well as the
capability to actually complete if they do win the bid. - Answer-True

In a __________________, the customer agrees to pay the contractor for all actual
costs (labor, materials, and so forth), regardless of amount, plus some agreed-upon
profit - Answer-cost reimbursement contract

T/F It is unethical to submit an unsolicited proposal to a customer. - Answer-False

, Fixed-price contracts are most appropriate for projects that - Answer-are well defined
and entail little risk.

Clients want to work with people who can _______ problems, not with those who merely
______ them. - Answer-solve, identify

Proposals are often organized - Answer-with technical, management, and cost sections
(however they may not be labeled exactly this way)

T/F Contractors should continue to be proactive after submitting a proposal by
contacting the customer to ensure that their proposal h(a.k.a. their "bid") has been
received and answer any follow-up questions. - Answer-True

T/F Good ways for contractors to measure the success of their proposal efforts include
measuring the number of times their proposals are selected by customers and/or by the
total dollar value of their proposals that are selected. - Answer-True

What are the four phases of the project life cycle, properly listed in sequential order? -
Answer-Initiating, Planning, Performing, Closing

Define project - Answer-A temporary endeavor undertaken to create a unique product,
service, or result

Projects are selected to be funded during which of phase of the project life cycle? -
Answer-Initiating Phase

If something is _______________ the statement of work, then it should be assumed
that _______________. - Answer-not included in, it will not be done or provided

The project plan is executed and controlled during which phase of the project life cycle?
- Answer-Performing Phase

When making contingency estimates, the contractor should - Answer-Estimate the
amount necessary to mitigate high impact and probable issues

The project scope is all the work that must be done to do all of the following except:
A. Producing all the project deliverables
B. Exceeding the expectations listed in the project charter
C. Accomplishing the project objective
D. Satisfying the sponsor or customer that all the work and deliverables meet the
requirements or acceptance criteria - Answer-Exceeding the expectations listed in the
project charter

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