1. An organization's top management, stakeholders, and customers are involved in governance of its projects.
a. True
b. False
2. Because no two projects are alike, each passes through a different number of major phases during its life cycle.
a. True
b. False
3. The primary goal of the initiation phase of the project life cycle is to select the right project to pursue.
a. True
b. False
4. Project teams should always seek to produce the highest quality deliverable possible.
a. True
b. False
5. Careful attention to detail during the planning phase makes executing a project easy.
a. True
b. False
6. The monitoring and corrective action phase of the project life cycle involves looking forward at the work ahead.
a. True
b. False
7. In the final phase of a project, the project team and manager perform a financial audit that accounts for all expenditures and assets.
a. True
b. False