OMGT 229 Quiz 2
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School
Centennial College *
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Course
229
Subject
Information Systems
Date
Feb 20, 2024
Type
docx
Pages
2
Uploaded by DoctorLapwing8410
Quiz 2
1.
The RFP should state the required schedule for completion of the project and key milestones.
Answer: True
2.
The project justification includes the key assumptions for the project.
Answer: True
3.
A contract might be for time and materials, in which case the customer will pay the contractor a fixed amount regardless of how much the work actually costs the contractor.
Answer: False (Fixed price contracts are contracts where the customer will pay the contractor a fixed amount regardless of the actual costs incurred by the seller)
4.
Every project that is identified is selected to be completed.
Answer: False (Sometimes organizations have several needs and limited funds and cannot select every project to be completed) 5.
The project description in the project charter is a high-level description of the project and references more detailed documents regarding key performance requirements.
Answer: True
6.
An RFP must indicate the funds the customer has available to spend on the project
Answer: False
7.
Meeting the acceptance criteria listed in the project charter means the customer is satisfied
Answer: False
8.
A good RFP allows a contractor or a project team to understand what the customer expects Answer: True
9.
The major deliverables in the project charter describe the details of the work packages in the work breakdown structure.
Answer: False
10.
The project objective should
Answer: state what is expected to be accomplished
11.
The final decision of which projects to select is the responsibility of
Answer: the organization's owner, president, or department head
12.
The implementation of the new procedure is expected to reduce costs of production by 10% over the next year. This is an example of the ____ in a project charter.
Answer: success criteria and expected benefits
13.
The first step in project selection is to
Answer: develop a set of criteria against which a project will be evaluated
14.
An assumption for a construction project could be
Answer: a grant will be secured to help fund the project
15.
The project purpose should
Answer: summarize the need and justification for the project
16.
The building constructed will have at least R-38 insulation rating for the ceiling and R-28 for the walls. This is an example of the _____ in a project charter.
Answer: acceptance criteria
17.
The project title should
Answer: be concise and create a vision for the end result of the project
18.
The new employees are expected to receive $13 million of Fast Start training that will be provided by a state workforce development grant. This is an example of the _____ in a project charter.
Answer: key assumptions
19.
A project charter summarizes.
Answer: the key conditions and parameter of the project
20.
The project acceptance criteria should
Answer: state the quantitative criteria expected for the product to be accomplished
21.
A bidders meeting may be held to
Answer: clarify the RFP and answer any questions from potential bidders
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