Project Management in Informational Technology Exam 1
In a weighted scoring model, the sum of the weights of all the criteria must total _____ percent.
100
_____ are new requirements imposed by management, government, or some external influence.
Directives
Which of the following tools are most likely to be used in project time management?
Gantt charts
A project's stakeholders consist of its customers, users, and suppliers.
True
A unit of work should appear at only one place in the WBS.
True
An annual discount factor is a multiplier for each year based on the discount rate and year.
True
Every project should have a well-defined objective.
True
Scope refers to all the work involved in creating the products of the project and the processes used to create them.
True
Standards and guidelines to follow when performing project management must be devised by top management.
True
The project scope statement, stakeholder requirements documentation, and organizational process assets are the primary inputs for creating a WBS.
True
Benefits minus costs is known as the _____.
cash flow
A difference between operations and projects is that operations end when their objectives have been reached, whereas projects do not.
False
A project manager's primary role is to provide the funding for a project.
False
A work package must always represent less than 80 hours of work.
False
An organization should consider only projects with a negative NPV if financial value is a key criterion for project selection.
False
An organization's information technology project selection process should guide the strategic plan.
False
Deliverables are only product-related, such as a piece of hardware or software.
False
Individual projects always address strategic goals whereas portfolio management addresses tactical goals.
False
It is much more expensive to make major changes to a project during the earlier phases.
False
Managing the triple constraint primarily involves making trade-offs between resources and quality.
False
Opponents of a project do not belong to the category of stakeholders.
False
The ROI is always positive
False
The executing tasks of the WBS remain constant from project to project.
False
The project's size, complexity, importance, and other factors do not affect how much effort is spent on collecting requirements for scope planning.
False
To be a successful manager, the only skills an IT project manager needs to possess is excellent technical skills.
False
An organization usually commits more money as a project continues, therefore a management review should occur after each phase to evaluate progress, potential success, and continued compatibility with organizational goals.
True
Mind mapping allows people to write and even draw pictures of ideas in a nonlinear format.
True
NPV analysis is a method for making equal comparisons between cash flows for multi-year projects.
True
Program managers are change agents.
True
Project managers work with the project sponsors to define success for particular projects.
True
Project scope management includes the processes involved in defining and controlling what is or is not included in a project.
True
Resources in a project should be used effectively because they are limited.
True
The scope management plan can be informal and broad or formal and detailed, based on the needs of the project.
True
Project procurement management mainly involves:
buying goods and services for a project from outside the performing organization.
In Rizzati Corp, vice presidents in departments such as engineering, manufacturing, IT, and human resources report directly to the chief executive officer and undertake their tasks independently of each other. The staffs of these departments have specialized skills in their respective disciplines. Rizatti Corp can be said to have a _____ organizational structure.
functional
A _____ is a tool used in risk management.
probability matrice
A _____ is a document that recognizes the existence of a project and provides direction on the project's objectives and management.
project charter
Project _____ management involves defining and managing all the work required to complete the project successfully.
scope
In organizational culture, people focus refers to _____.
the degree to which management 's decisions take into account the effect of outcomes on employees within the organization
Payback occurs when:
the net cumulative benefits equal the net cumulative costs.
Which of the following project management knowledge areas primarily involve generating, collecting, disseminating, and storing project information?
Project communications management
Which of the following project management knowledge areas is an overarching function that affects and is affected by the different knowledge areas?
Project integration management
Which of the following is a difference between projects and operations?
Projects are temporary endeavors whereas an organization's operations are ongoing in nature.
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 virtual teams?
It is important to select team members carefully.
Which of the following tools can best help in efficient communication management?
Kick-off meetings
