Reference no: EM132266171

1. Thomas is the project manager for his company and he’s completing a project. The project has finished on schedule and on budget. Management insists that Thomas should complete the lessons learned even though the project was successful. Why should lessons learned documentation be completed?

a. It keeps the project manager focused on the project work.

b. It makes the project manager and project team accountable for the work they have completed on the project.

c. It enables other project managers to learn from this project.

d. It ensures that all of the project work is complete.

2. You have just completed a seven-month project, and management wants to know how much you spent on the project. What is likely to happen next?

a. A procurement audit

b. A quality audit

c. An audit of the project scope

d. A labor audit

3. Complete this sentence: The purpose of a project charter is to _________.

a. Identify the project manager

b. Identify the project scope

c. Determine the project need

d. Authorize the project

4. Your organization is in business to make a profit. You know that management must choose projects that will be the most profitable for the company. This approach to project selection is based on which one of the following?

a. Dynamic algorithms

b. Opportunity cost

c. Economic model

d. Pareto charting

5. Yolanda has just completed a project for another organization. Her customer is thrilled with the project deliverables and is considering hiring Yolanda’s company to complete another project similar to the recently completed one. Yolanda’s company has no formal archival process. What should Yolanda do with the current project documentation?

a. Yolanda should destroy the records so that other organizations do not have access to the information she has created.

b. Nothing—her organization does not require formal archiving of the project information.

c. Yolanda should archive the information at the customer’s site.

d. Yolanda should archive the information.