Even though the project’s been cancelled you need to complete scope validation. 1 is incorrect because the contract for the project will determine what will happen in this scenario. In addition, internal projects may have no contract. 2 is incorrect because there’s no evidence that the project has failed. There could be other reasons why the project has been cancelled, such as advancements in technology or a shift in the market. 4 is incorrect because this isn’t valid. It may feel valid, but it’s not the best choice.

Because scope validation is concerned with the acceptance of the project deliverables. 1 is incorrect because this is not a true statement about scope validation. 2 is incorrect because this is not a true statement about scope validation. 3 is incorrect because while QC and scope verification both rely on inspection, they are not the same thing. QC happens without the project customers, while scope validation happens with them.

The project is done. 2 is incorrect because regardless of the team’s status the project has been completed. 3 is incorrect because there’s no need to do a change request – the project is completed. 4 is incorrect because your project is done. It’s up to the project manager of the installation project to request for additional labor if he feels it’s needed.

The contract stipulates the terms for project acceptance. 1 is incorrect because a change request isn’t needed unless you are adding deliverables to the project scope. 2 is incorrect because the project sponsor may need to be included in the discussion, but the best choice is to consult the contract first. 4 is incorrect because the contract should be consulted before options of arbitration.

The CPI is found through the formula EV/A3. In this instance the EV is $250,000 – 100 percent of the BAC because the project is complete. 2 is incorrect because this is the final AC for the project. 3 is incorrect because this is the cost variance for the project. 4 is incorrect because the EV information is supplied in the question.

Administrative closure does include analyzing project success and failure. 1 is incorrect because scope verification verifies the project deliverables. 3 is incorrect because lessons learned is part of administrative closure – which answers this question more completely. 4 is incorrect because there’s no evidence that a contract was even used in this project. In addition, choice 1 answers the question.

The project manager's role is full time in a strong matrix. The other options don't reflect this value so they are incorrect.

Because the Staffing Management Plan does determine the release criteria for project team members. 1 is incorrect because this is a false statement. 2 is incorrect because this term is not valid. 3 is incorrect because the Staffing Management Plan is the best choice, although it does serve as a subset of the project management plan.

Choices 1, 2, and 4 are legitimate reasons for projects to be initiated. Choice 3 describes operations – an ongoing function of an organization. Projects have a definite ending, while operations will continue longer than the project’s duration.

The formula of FV/(1.06)3 to find the present value. Choices 2, 3, and 4 are all incorrect calculations for the present value.