IS 438 T/F

Earned value management is a tool primarily used in resource management.

False

In an earned value chart, when the actual cost line is right on or above the earned value line, it indicates that costs are less than planned.

False

Initiating processes are not required to end a project.

False

Key outcomes of the executing process group are formal acceptance of the work and creation of closing documents.

False

Managing the triple constraint primarily involves making trade-offs between resources and quality.

False

Most people believe that the underlying causes of many companies' problems can be traced to its organizational structure.

False

One of PERT's main disadvantages is that it does not address the risk associated with duration estimates.

False

Project managers should lead projects in isolation in order to truly serve the needs of the organization.

False

The kick-off meeting is always held before the business case and project charter are completed.

False

The number of interfaces in a single project is limited, and does not depend on the number of people involved in the project.

False

Change requests are always made in writing.

True

Every project should have a well-defined objective.

True

Payback period is the amount of time it will take to recoup, in the form of net cash inflows, the total dollars invested in a project.

True

Project managers must take adequate time to identify, understand, and manage relationships with all project stakeholders.

True

To define activities, the project team should start with reviewing the schedule management plan, scope baseline, enterprise environmental factors, and organizational processes.

True