Does the project sponsor fund the project? 1 pontoYes. The project sponsor plays a vital leadership role, which always includes funding the project.No. The project sponsor plays a vital leadership role but does not fund the project.Sometimes. The project sponsor plays a vital leadership role, which sometimes includes funding the project.

What is a responsibility of the project sponsor?1 pointTo create the project charters and RACI chartsTo conduct meetings with the team members and assign tasks To complete the daily tasks of the projectTo ensure the successful completion of a project

Which responsibilities belong to project team members?1 pointReport project findings and progress to the project sponsorOversee the scope, schedule, budget, and quality of a project Use technical expertise and interpersonal skills to complete day-to-day tasksMake sure the project fulfills its objective and supports the overall business strategy5.Question 5

Which of the following circumstances indicates that the project is approved to move forward?1 pontoThe project sponsor and key stakeholders sign off on the project charter.The finance department approves the budget and the team members have been selected.The stakeholders state the cost of the project outweighs the value it brings to the organization.The project manager finishes the project’s deliverables and milestones.

Who of the following makes the decision as to which path to take during the closing of a project?Project sponsor and all stakeholdersProject sponsor and project managerProject sponsorProject sponsor, project manager, and key stakeholders

The main difference between project finance and other forms of lending is:Question 8Select one:a.lenders base their participation on expected future cash flows and assets of the project.b.lenders take a major equity stake in the project.c.the project company, which is set up as a separate legal entity, relies heavily on venture capitalists for equity funding.d.the lenders have a claim on the assets of the project as well as the sponsors.