Exam 16: Oversight

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The Proposal phase answers the fundamental question: Is the project a good idea and does it solve a business problem or issue?

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During which of the following phase gates would the question of "Are the resources needed identified and available?" be answered?

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The appearance of a project office frequently follows the implementation of project portfolio management efforts.

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"Go, Kill, Hold, or Recycle" decisions are made by the oversight team at each _________ of a project. G.Cooper several decades ago to improve management of new-product development.The original model incorporates five stages: preliminary investigation, detailed investigation, development, testing and validation, and full production and market launch.Stages precede gates and represent information developed to enable gatekeepers to make the right decision at the next gate.These decision points at each gate are known as go, kill, hold, or recycle decisions.Given the information developed for each stage, the gatekeepers (the oversight team) can decide to continue with the project, abort the project, or revise/recycle.

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During which of the following phase gates would the question of "Does this project align with our strategic direction?" be answered?

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The importance of the increase in project oversight to today's project manager includes all of the following except:

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The phase gate methodology was developed before the emergence of the project office and project portfolios.

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The __________ is responsible for the continued support of consistent application of selection criteria, standards, processes, training, and general assistance to project managers.

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Organizational options to cover every aspect of managing projects in the organization are currently achieved by all of the following except:

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__________ is used to identify opportunities for improvement.

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Project Management Control is the term that has emerged to reflect how organizations oversee their project management systems.

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The last phase of the generic phase gated process in the text is called the Closure phase.

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In the authors' Project Maturity Model, the highest level is Management of Project Management System.

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Project offices are known to result in positive benefits such as serving as a bridge between senior management and project managers.

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The original Stage-GateTM model included all the following stages except:

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It is extremely rare that a project that is executing on time, on budget, and meeting project goals will be "killed".

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Phase 1 of the abridged, generic phase gated process is known as the _________ phase.

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During which of the following phase gates would the question of "What are the project's ROI and/or non-financial benefits?" be answered?

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What is Phase Gate Methodology and what does it do?

(Essay)
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The decision points at each phase gate are known as "Go, Kill, Hold, or Recycle" decisions. G.Cooper several decades ago to improve management of new-product development.The original model incorporates five stages: preliminary investigation, detailed investigation, development, testing and validation, and full production and market launch.Stages precede gates and represent information developed to enable gatekeepers to make the right decision at the next gate.These decision points at each gate are known as go, kill, hold, or recycle decisions.Given the information developed for each stage, the gatekeepers (the oversight team) can decide to continue with the project, abort the project, or revise/recycle.

(True/False)
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