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.