Test on Project Closing Actions

Question 1: Financial analysis, which compares final actual costs to the approved baseline budget, is exclusively performed as part of the post-project evaluation phase.

A. Ano

B. Ne

Explanation: Financial analysis comparing final actual costs to the approved baseline budget is an activity performed under 'Final payments' to determine whether the project remained within budget, as stated in the study materials.

Question 2: Feedback from stakeholders should be incorporated into the lessons learned database.

A. Ano

B. Ne

Explanation: Info on lessons learnt, recommendations from post-project meetings, and feedback from stakeholders should be incorporated into the database to establish a knowledge-based system.

Question 3: Which of the following aspects are typically evaluated during a post-project evaluation, according to the study materials?

A. Project quality

B. Project costs

C. Stakeholder satisfaction

D. Staff vacation schedules

Explanation: The study materials state that post-project evaluation includes evaluating 'performance, quality, costs, schedules, & stakeholder satisfaction'. Therefore, project quality, project costs, and stakeholder satisfaction are all aspects evaluated. Staff vacation schedules are not mentioned as a component of post-project evaluation.

Question 4: Which of the following is considered a good practice for ensuring the safety and security of archived project documents?

A. Saving all documents exclusively in electronic format to reduce physical storage.

B. Discarding hard copies once electronic versions are available to streamline records.

C. Retaining a backup copy of documents in a separate archive.

D. Relying solely on institutional checklists to guarantee complete document retention.

Explanation: The study materials state that 'good practise is to retain backup copy of docs in separate archive for safety & security reasons'. While electronic formats are mentioned, the materials also note hard copies may be required, and the key for safety is a separate backup. Relying solely on checklists does not address physical safety directly.

Question 5: Successful projects conclude without any form of recognition or awards for the team members.

A. Ano

B. Ne

Explanation: Successful projects must conclude with recognition or awards, which can range from informal to formal events.