Project Management C722: In-Depth Review of Unit 4, Module 12
The project contract offers the contractor a bonus to complete the project early, as long as the scope is
met, quality is not decreased, and budget is not exceeded. The amount of the bonus is based on how
many days early the project is completed. Is this acceptable?
Yes
No
Maybe
Since the bonus is based on the number of days the project finishes early, it is a type of cost savings. The
bonus can be considered a percentage of savings, not a set amount, so it must be verified that
government regulations permit this type of bonus compensation. Depending on those regulations, this
has the potential to go either way. - correct answer ✔✔
What is a project scope?
a. The desired result for a project
b. Project assumptions
c. The quality of a project - correct answer ✔✔a. The desired result for a project
True or False:
The triple constraint means there needs to be three justifications to change anything in the project. -
correct answer ✔✔False: It means scope, cost, and schedule
True or False:
, In the quality constraint, the customer can always revise the quality level to reduce costs or schedule. -
correct answer ✔✔False: There are sometimes government mandated safety levels. In addition,
reduction in safety level can lead to litigation if there are any injuries related to quality defects.
True or False:
A project scope is an instrument used to view and evaluate a project. - correct answer ✔✔False: Project
scope is a description of everything the project includes
True or False:
It is alright to have scope creep because it provides a better product or service to the customer. - correct
answer ✔✔False: Correct! Scope creep should always be avoided because it will negatively impact cost,
schedule, and quality.
True or False:
Scope creep is an expansion that occurs with changes to the scope that are not documented in a change
process. This affects schedule and cost. Therefore, it is alright if scope is reduced without documented
changes. - correct answer ✔✔False: Any changes to scope must be documented. If scope is reduced
without documentation, then the required quality may not be met, and the product of the project will
be unacceptable.
What is an example of a milestone date?
a. Critical path
b, Safety inspection
c. Project float - correct answer ✔✔b. safety inspection
Milestone dates are key dates and critical events, such as safety inspections, which shape the project
schedule.
True or False:
The project contract offers the contractor a bonus to complete the project early, as long as the scope is
met, quality is not decreased, and budget is not exceeded. The amount of the bonus is based on how
many days early the project is completed. Is this acceptable?
Yes
No
Maybe
Since the bonus is based on the number of days the project finishes early, it is a type of cost savings. The
bonus can be considered a percentage of savings, not a set amount, so it must be verified that
government regulations permit this type of bonus compensation. Depending on those regulations, this
has the potential to go either way. - correct answer ✔✔
What is a project scope?
a. The desired result for a project
b. Project assumptions
c. The quality of a project - correct answer ✔✔a. The desired result for a project
True or False:
The triple constraint means there needs to be three justifications to change anything in the project. -
correct answer ✔✔False: It means scope, cost, and schedule
True or False:
, In the quality constraint, the customer can always revise the quality level to reduce costs or schedule. -
correct answer ✔✔False: There are sometimes government mandated safety levels. In addition,
reduction in safety level can lead to litigation if there are any injuries related to quality defects.
True or False:
A project scope is an instrument used to view and evaluate a project. - correct answer ✔✔False: Project
scope is a description of everything the project includes
True or False:
It is alright to have scope creep because it provides a better product or service to the customer. - correct
answer ✔✔False: Correct! Scope creep should always be avoided because it will negatively impact cost,
schedule, and quality.
True or False:
Scope creep is an expansion that occurs with changes to the scope that are not documented in a change
process. This affects schedule and cost. Therefore, it is alright if scope is reduced without documented
changes. - correct answer ✔✔False: Any changes to scope must be documented. If scope is reduced
without documentation, then the required quality may not be met, and the product of the project will
be unacceptable.
What is an example of a milestone date?
a. Critical path
b, Safety inspection
c. Project float - correct answer ✔✔b. safety inspection
Milestone dates are key dates and critical events, such as safety inspections, which shape the project
schedule.
True or False:
