Wk 2 Practice- Beginning a Project

What are new requirements imposed by management, government, or some external influence referred to as?

Directives

Project scope statements must include the project boundaries, constraints, and assumptions.

False

What type of analysis involves calculating the expected net monetary gain or loss from a project by discounting all expected future cash inflows and ouMClows to the present point in time?

Net present value

_____ 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 (NPV)

Which process is undertaken to reduce the probability of negative consequences associated with project risks?

Preventive actions

Information from the project charter provides a basis for further defining the project scope.

True

An IT company revises its process parameters in response to complaints from vendors that products were not ready on time. Which is this an example of?

a corrective action

A _____ is a starting point, a measurement, or an observation that is documented so that it can be used for future comparison changes

baseline

Which term describes a product produced as part of a project?

deliverable

What is the majority of time on a project is usually spent on?

executionterm-24

What is the first step in the planning process?

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

Which statement best describes scope?

work involved in creating the products and the processes used to create them

Which action 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

What process 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

What actions result in improvements in project performance?

Corrective

Which process involves working with stakeholders to create the document that formally authorizes a project?

Developing the project charter

Creating the WBS is a subprocess associated with which process in project scope management?

planning

Which information is included in a business case?

project objective, high-level requirements, and time and cost goals

Which section of the project management plan includes external interfaces, internal structure, as well as roles and responsibilities?

project organization

What is a table that lists requirements, their various attributes, and the status of the requirements to ensure that all are addressed referred to as?

requirements traceability matrix

Which section of the project management plan describes specific methodologies a project might use and explains how to document information?

technical processes

_____ refer to "conditions or capabilities that must be met by the project or present in the product, service, or result to satisfy an agreement or other formally imposterm-24ed specification."

Requirements

_____ is the result of subtracting the project costs from the benefits and then dividing by the costs.

Return on Investment (ROI)

The project scope statement should reference supporting documents, such as product specifications that will affect what products are produced or purchased, or corporate policies, which might affect how products or services are produced.

True

Creating the _____ involves subdividing the major project deliverables into smaller, more manageable components.

WBS (work breakdown structure)