Chapter 4 Project Management

The introduction or overview of a project must only include a list of definitions and acronyms

False

A _____ is a doc

ment that recognizes the existence of a project and provides direction on the project's objectives and management? Project Charter

As projects progress, the organization must reevaluate the need, funding, and will for each project to determine if the project should be continued, redefined, or terminated

True

Change requests are always made in writing

True

NPV analysis is a method for making equal comparisons between cash flows for multi-year projects

True

Some organizations initiate projects using a contract in place of a project charter

True

Projects that address broad organizational needs are likely to fail

False

Project integration management must occur just within the context of a particular project

False

The project schedule information section of the project management plan includes ____

An Elaborate timetable

A(n) _____ is a formal, documented process that describes when and how official project documents may be modified, the people authorized to make modifications, and the paperwork required for these changes

Change Control System False

_____ should result in improvements in project performance

Corrective Actions

The majority of time on a project is usually spent on _____, as is most of the project's budget

Execution

It is necessary that IT project managers have prior technical experience in creating and managing IT products

False

Opportunities and directives are essentially the same thing

False

Which of the following is true of return on investment or ROI

It is always a percentage

The outputs of the _____ process include change request status updates, project management plan updates, and project document updates

Monitoring and controlling

In the _____ stage of selecting information technology projects, organizations define project scope, benefits, and constraints

Project Planning

The _____ section of the project plan should describe the major project functions and activities and identify those individuals who are in charge of them

Project Responsibilities

In the _____ stage of selecting information technology projects, organizations select information technology projects

Resource allocation

Payback occurs when

the net cumulative benefits equal the net cumulative costs.