ITP 258 System Development Project Mid Term

____ is the amount of time an activity can be delayed from its early start without delaying the planned project finish date.

Total slack

In the development phase of the project life cycle:

the project team creates more detailed project plans, a more accurate cost estimate, and a more thorough WBS.

Scope creep refers to:

the tendency for project scope to keep getting bigger and bigger.

The first step in the planning process is _____.

to tie the information technology strategic plan to the organization's overall strategic plan

The ____ approach for constructing a WBS involves refining the work into greater and greater levels of detail.

top-down

A(n) ___ is a task at the lowest level of the WBS.

work package

____ is a planning process that is within the Project Scope Management knowledge area.

Creation of a WBS

Which of the following is a difference between an activity list and an activity attribute?

An activity attribute provides more schedule-related information about each activity than an activity list.

____ involves defining and documenting the features and functions of the products produced during the project as well as the processes used for creating them.

Collecting requirements

An IT company revises its process parameters in response to complaints from vendors that products were not ready on time. This would be an example of _____.

Corrective action

In which of the following areas of management is payback analysis most likely to be used?

Cost

____ involves reviewing the project charter, requirements, documents, and organizational process assets to create a scope statement, adding more information as requirements are developed and change requests are approved.

Defining scope

A ____ estimate is used for making many purchasing decisions for which accurate estimates are required, and for estimating final project cost.

Definitive

____ are an output of the executing process of project integration management.

Deliverables

One of the main outputs of the initiation process is _____.

Developing the project charter

____ involves working with stakeholders to create the document that formally authorizes a project.

Developing the project charter

In project time management, the ultimate goal of _____ is to provide a basis for monitoring project progress for the time dimension of the project.

Developing the schedule

Soles is a footwear company which has recently set up its stores in Ambrosia. To manufacture its products, Soles incurs a range of different costs. Which of the following would be an example of an indirect cost?

Electricity used to run its factories

Examples of _____ processes include acquiring and developing the project team, performing quality assurance, distributing information, managing stakeholder expectations, and conducting procurements.

Executing

Which of the following techniques involve doing activities in parallel that would normally do in sequence?

Fast tracking

Joe is a project manager in an IT company and has over the years, gained substantial knowledge in his area of work. However, while managing his team, he often loses his temper. In addition, he fails to be an active listener when his team members approach him with work related challenges. In which of the following areas does Joe need to develop his skills in?

Human relations skills

Which of the following statements is true of project management?

It does not guarantee successes for all projects.

Which of the following is true of return on investment or (ROI)?

It is always a percentage.

Which of the following is true of earned value?

It is an estimate of the value of the physical work actually completed.

___ uses highly organized and intensive workshops to bring together project stakeholders—the sponsor , users, business, analyst, programmers, and so on—to jointly define and design information systems.

JAD

_____ helps develop an accurate projection of a project's financial expenses and benefits.

Life cycle costing

A common _____ process is reporting performance, where project stakeholders can identify any necessary changes that may be required to keep the project on track.

Monitoring and Controlling

The project time management knowledge area maps to the _______ process group through the activity of schedule control.

Monitoring and Controlling

A network diagramming technique in which boxes represent activities is known as a(n) _____.

PDM

A difference between the Program Evaluation and Review Technique (PERT) and critical path method (CPM) is that:

PERT uses different duration estimates whereas CPM uses one specific duration estimate.

____ uses project characteristics in a mathematical model to estimate project costs.

Parametric estimating

___ states that work expands to fill the time allowed

Parkinson's Law

Which of the following is most likely to be a reason for inaccuracies in information technology cost estimates?

People lack estimating experience.

____ processes include devising and maintaining a workable scheme to ensure that the project addresses the organization's needs.

Planning

Which of the following is a difference between project management and portfolio management?

Project management addresses specific, short-term goals whereas portfolio management focuses on long-term goals.

A ___ is a document used to coordinate all project planning documents and help guide a project's execution and control.

Project management plan

The role of a _____ is to provide direction and funding for a project.

Project sponsor

Which of the following is a disadvantage of virtual teams as compared to traditional teams?

Reduced opportunities for informal transfer of information

What are the three basic types of cost estimating?

Rough order of magnitude (ROM) estimate Budgetary estimate Definitive estimate

______ refers to the degree to which departments within an organization are encouraged to coordinate with each other.

Unit integration

A Gantt chart is a standard format for displaying project schedule information by listing project activities and their corresponding start and finish dates in a ____ format.

calendar

Benefits minus costs is known as the _____.

cash flow

______ are an example of external stakeholders for an organization.

competitors

A preliminary or rough cost estimate is developed in the _____ phase of the project life cycle, and an overview of the work involved is created.

concept

The _____ model of a systems development life cycle provides for progressive development of operational software, with each release providing added capabilities.

incremental build life cycle

Which of the following types of tools is usually recommended for small projects and single users?

low end

In a _______ organizational structure, personnel often report to both a functional manager in one or more project managers.

matrix

The _____ is the minimum acceptable rate of return on an investment.

required rate of return

The ____ should list and describe all of the deliverables required for the project.

scope statement

Good Earth, a company manufacturing packaged food products, sets up its stores in Baltonia. However, a year later, the company closes the store down due to high operating costs. In such a scenario, the money spent in paying for the rent of the store in Baltonia would be an example of _____ costs.

sunk