Which Of The Following Documents Serves As An Informal Contract Between The Project Team And The Project Sponsor?

by | Last updated on January 24, 2024

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The project charter

is a document stating the purposes of the project. It serves as an informal contract that helps the team stay on track with the project objectives.

Which of the following documents serves as an informal contract between the project team?


The project charter

is a document stating the purposes of the project. It serves as an informal contract that helps the team stay on track with the project objectives.

What is the project master network?

The project master network is

a summary-level schedule that identifies the major schedule milestones or significant points and events in the project

.

What is the purpose of establishing team operating principles in the charter?

Operating principles typically detail

the specific work that each team member will perform and ensure a more complete understanding of the project

.

Is a summary-level schedule that shows how major project tasks are sequenced?


The milestone schedule

in the project charter: Answers: a. is a summary-level schedule that shows how major project tasks are sequenced.

How can project decision making be improved?

  1. Use Latest Project Management Tools. …
  2. Create a Decision Framework. …
  3. Develop a Criteria for the Decision. …
  4. Make Use of Your Experience. …
  5. Keep the End in Mind.

What are risks and why is it important to identify them in the project charter?

What are risks, and why is it important to identify them in the project charter?

Risk are anything that could delay or cause a project to not succeed

, its important for the project sponsor and project manager as well as the core team to be aware of these possibilities.

Which item often leads to issues in project management?

Two common problems in project management are

scope creep and mismatch of methods to the project and/or the client

. The uncontrolled expansion to product or project scope without adjustments to time, cost, and resources.

Why are signatures required in project charters quizlet?

The charter requires a signature from the project’s sponsor. The signature is

necessary in order to give authority and make the project official

.

What is a communication project?

A project communication plan is

an agreement between collaborators and stakeholders that outlines what, when, and how information will be shared at key intervals

. Information like status updates, task-related questions, and meeting details should all be included in this written guide.

In which type of organizational structure do members of the project team have two bosses?


In a matrix organization

, the team members report into two bosses: the functional manager and the project manager. Communication goes from team members to both bosses. The matrix organization is created to get the best potential from both functional and projectized type of organizational structure.

Which of the following roles is typically associated with project manager?

Project managers play the lead role in

planning, executing, monitoring, controlling, and closing out projects

. They are accountable for the entire project scope, the project team and resources, the project budget, and the success or failure of the project.

What is the definition of a project charter quizlet?

Project charter.

a document issued by the project initiator or sponsor that formally authorizes the existence of a project and provides the project manager with the authority to apply organizational resources to project activities

.

Which of the following responses identifies a common type of logical dependency?

The most common type of logical dependency to determine the sequence of project activities is

“finish-to-finish”

. When developing a project schedule, total float (or slack) refers to the amount of time a schedule activity may be delayed from its early start date without delaying the project finish date.

What is true of an adaptive or change driven project life cycle?

In an adaptive or change – driven project life cycle:

the product or deliverable is well understood

. planning precedes all executing. … The project life cycle is the same regardless of the type of projects managed by an organization.

Which of the following elements should be included in a project scope statement?

Typically written by the project manager, a scope statement outlines

the entire project, including any deliverables and their features

, as well as a list of stakeholders who will be affected. It will also include any major project objectives, deliverables and goals to help measure success.

Ahmed Ali
Author
Ahmed Ali
Ahmed Ali is a financial analyst with over 15 years of experience in the finance industry. He has worked for major banks and investment firms, and has a wealth of knowledge on investing, real estate, and tax planning. Ahmed is also an advocate for financial literacy and education.