BUS 370 - CHAPTER 2 EXAM QUESTIONS ANSWERED CORRECTLY LATEST UPDATE 2026
The evaluation team should be made up of - Answers several individuals from different departments
in the organization with various viewpoints and different backgrounds and experiences.
The statement of work in a request for proposal - Answers outlines the major tasks or work elements
to be performed.
The approval date for the project is the project start date.
True/False - Answers True
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. - Answers
Key assumption
A project charter summarizes - Answers the key conditions and parameters of the project.
The project justification includes the key assumptions for the project.
True/False - Answers True
The acceptance criteria deals with the scope of the project, outlining the tasks or work elements the
customer wants the contractor or project team to perform.
True/False - Answers False
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. - Answers project description
The purpose of preparing a request for proposal is to state, comprehensively and in detail, what is
required, from the contractor's point of view, to address the identified need.
t/f - Answers false
If the project manager is selected in the initiating phase of the project, then the project manager is
likely to participate in the development of the project charter for the project.
t/f - Answers true
A milestone schedule lists target dates for phases of a project.
t/f - Answers true
The approval signature and date in the project charter indicate - Answers that the sponsor has
officially or formally authorized the project.
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.
t/f - Answers false
The project purpose in the project charter may include prior documents for selecting the project.
t/f - Answers false
The RFP should state the required schedule for completion of the project and key milestones.
t/f - Answers true
Every project that is identified is selected to be completed.
t/f - Answers false
Unexpected events are reasons for an organization to decide to initiate a project.
t/f - Answers true
The RFP must state the project objective or purpose, including any rational or background information
that may be helpful to contractors so that they can prepare thorough and responsive proposals.
t/f - Answers true
The initiating phase of the project life cycle starts with - Answers recognizing a need, problem or
opportunity for which a project is identified.
The evaluation team should be made up of - Answers several individuals from different departments
in the organization with various viewpoints and different backgrounds and experiences.
The statement of work in a request for proposal - Answers outlines the major tasks or work elements
to be performed.
The approval date for the project is the project start date.
True/False - Answers True
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. - Answers
Key assumption
A project charter summarizes - Answers the key conditions and parameters of the project.
The project justification includes the key assumptions for the project.
True/False - Answers True
The acceptance criteria deals with the scope of the project, outlining the tasks or work elements the
customer wants the contractor or project team to perform.
True/False - Answers False
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. - Answers project description
The purpose of preparing a request for proposal is to state, comprehensively and in detail, what is
required, from the contractor's point of view, to address the identified need.
t/f - Answers false
If the project manager is selected in the initiating phase of the project, then the project manager is
likely to participate in the development of the project charter for the project.
t/f - Answers true
A milestone schedule lists target dates for phases of a project.
t/f - Answers true
The approval signature and date in the project charter indicate - Answers that the sponsor has
officially or formally authorized the project.
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.
t/f - Answers false
The project purpose in the project charter may include prior documents for selecting the project.
t/f - Answers false
The RFP should state the required schedule for completion of the project and key milestones.
t/f - Answers true
Every project that is identified is selected to be completed.
t/f - Answers false
Unexpected events are reasons for an organization to decide to initiate a project.
t/f - Answers true
The RFP must state the project objective or purpose, including any rational or background information
that may be helpful to contractors so that they can prepare thorough and responsive proposals.
t/f - Answers true
The initiating phase of the project life cycle starts with - Answers recognizing a need, problem or
opportunity for which a project is identified.
