Assignment 6

Baseline project plan

This plan is the major outcome and deliverable from the project initiation and planning phase and contains the best estimate of the project's scope, benefits, costs, risks, and resource requirements.

Baseline project plan

What is the term that describes the best estimate of a project's scope, benefits, cost, and resources?

Project scope document

Which document outlines all work required to complete the project?

Economic

Which feasibility category deals with identifying financial benefits associated with the project?

System cost

Which of the following is NOT a consideration during the assessing technical feasibility stage?

Create a project budget

Which of the following is NOT a part of project initiation?

Who is going to pay for PIP?

Which of the following is NOT a question asked to determine if project initiation and planning has ended and analysis has begun?

Using standard technology

Which of the following is a less risky approach to the technical parts of a project?

Customer goodwill

Which of the following is an example of an intangible cost?

Break-even analysis

Which option identifies the point at which benefits equal costs?

Time value of money

Which term below means that money available today is worth more than the same amount tomorrow?

Schedule feasibility

Which type of feasibility deals with project duration?

Systems analyst

Who is typically responsible for performing the PIP process?

Walk-throughs

________ are peer group reviews of products created via the systems development process.

Project planning

________ is the process of defining clear activities necessary to complete activities in a single project.

Serve as a contract

A Project Scope Statement can be used to ________.

Tangible Benefit

A benefit derived from the creation of an information system that can be measured in dollars and with certainty.

Expanding software licenses

A common legal and contractual development in new application development is ________.

Intangible cost

A cost associated with an information system that cannot be easily measured in terms of dollars or with certainty.

One time cost

A cost associated with project start-up and development or system start-up.

Recurring cost

A cost resulting from the ongoing evolution and use of a system.

Project Scope Statement

A document prepared for the customer that describes what the project will deliver and outlines generally at a high level all work required to complete the project.

One-time cost

A new hardware purchase is classified as a(n) ________.

Walk-through

A peer group review of any product created during the systems development process.

Technical feasibility

A process of assessing the development organization's ability to construct a proposed system.

Economic feasibility

A process of identifying the financial benefits and costs as sociated with a development project.

Decreased flexibility

All of the following are tangible benefits except ________.

Break-even analysis

A type of cost-benefit analysis to identify at what point (if ever) benefits equal costs.

Tangible benefit

A(n) ________ comes from an information system that can be measured monetarily.

Present Value

The current value of a future cash flow.

Resource feasibility

The following is NOT an example of a type of feasibility study.