CIS 420 Quiz 4 Questions
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 _____.
a corrective action
The _____ section of the project management plan describes how to monitor project progress and handle changes.
project controls
A _____ is a document used to coordinate all project planning documents and help guide a project's execution and control..
project management plan
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
The _____ section of the project management plan describes specific methodologies a project might use and explains how to document information.
technical processes
Payback occurs when:
the net cumulative benefits equal the net cumulative costs.
The business case includes information on _____.
the project objective, high-level requirements, and time and cost goals
The first step in the planning process is _____.
to tie the information technology strategic plan to the organization's overall strategic plan
A project's internal rate of return can be determined by finding what discount rate results in an NPV of _____ for the project.
zero
A _____ is a document that recognizes the existence of a project and provides direction on the project's objectives and management.
project charter
In the _____ stage of selecting information technology projects, organizations define project scope, benefits, and constraints.
project planning
In a weighted scoring model, the sum of the weights of all the criteria must total _____ percent.
100
_____ involves identifying and controlling the functional and physical design characteristics of products and their support documentation, and ensures that the descriptions of the project's products are correct and complete.
Configuration management
_____ should result in improvements in project performance.
Corrective actions
_____ involves working with stakeholders to create the document that formally authorizes a project.
Developing the project charter
_____ involves coordinating all planning efforts to create a consistent, coherent document.
Developing the project management plan
_____ are new requirements imposed by management, government, or some external influence.
Directives
Which of the following is true of return on investment or ROI?
It is always a percentage.
Which of the following are organizational process assets?
Management systems
_____ analysis is a method of calculating the expected net monetary gain or loss from a project by discounting all expected future cash inflows and outflows to the present point in time.
Net present value
The project schedule information section of the project management plan includes ____.
an elaborate timetable
The _____ stage of information technology planning outlines business processes that are central to achieving strategic goals and helps determine which ones could most benefit from information technology.
business area analysis
Benefits minus costs is known as the _____.
cash flow
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
The first step in determining the NPV is to _____.
determine the estimated costs and benefits for the life of the project and the products it produces
The majority of time on a project is usually spent on _____, as is most of the project's budget.
execution
Which of the following is a proactive process undertaken to reduce the probability of negative consequences associated with project risks?
Preventive actions
The outputs of the _____ process include change request status updates, project management plan updates, and project document updates.
monitoring and controlling
The _____ is the minimum acceptable rate of return on an investment.
required rate of return