cis 4375 ch4
The majority of time on a project is usually spent on _____, as is most of the project's budget. a. execution b. planning c. closing d. monitoring and controlling
A
Which of the following are organizational process assets? a. Management systems b. The organization's infrastructure c. Government standards d. Marketplace conditions
A
Which of the following is true of return on investment or ROI? a. It is always a percentage. b. It is always a positive number. c. It is the result of adding the project costs to the profits. d. The lower it is, the better.
A
A project charter typically does not authorize the project manager to use organizational resources to complete the project. a. True b. False
False
An organization should consider only projects with a negative NPV if financial value is a key criterion for project selection. a. True b. False
False
Interface management involves identifying and managing the points of interaction between various elements of a project. a. True b. False
False
Opportunities and directives are essentially the same thing. a. True b. False
False
The ROI is always positive. a. True b. False
False
The introduction or overview of a project must only include a list of definitions and acronyms. a. True b. False
False
The number of interfaces in a single project is limited, and does not depend on the number of people involved in the project. a. True b. False
False
The organization should complete low-priority projects before high-priority ones, if the low-priority ones take less time. a. True b. False
False
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. a. True b. False
True
. In project integration management, directing and managing project execution involves carrying out the project management plan by performing the activities included in it. a. True b. False
True
Many projects fail because of unclear requirements and expectations, so starting with a payback analysis makes a lot of sense. a. True b. False
False
NPV analysis is a method for making equal comparisons between cash flows for multi-year projects. a. True b. False
True
Organizational process asset updates are an important output of the closing process of a project. a. True b. False
True
Payback occurs when: a. the net cumulative benefits minus costs equal one. b. the net cumulative benefits equal the net cumulative costs. c. the net costs are lower than the cumulative benefits. d. the cumulative benefits are double the cumulative costs.
B
The _____ section of the project management plan describes how to monitor project progress and handle changes. a. management objectives b. project controls c. risk management d. technical processes
B
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. a. project planning b. business area analysis c. resource allocation d. information technology strategy planning
B
In the _____ stage of selecting information technology projects, organizations select information technology projects. a. project planning b. business area analysis c. resource allocation d. information technology strategy planning
C
The _____ section of the project plan should describe the major project functions and activities and identify those individuals who are in charge of them. a. organizational charts b. other organizational or process-related information c. project responsibilities d. management objectives
C
A SWOT analysis, being a linear process, cannot be performed using the nonlinear mind mapping technique. a. True b. False
False
Information systems can help an organization support a strategy of being a low-cost producer. a. True b. False
True
Payback period is the amount of time it will take to recoup, in the form of net cash inflows, the total dollars invested in a project. a. True b. False
True
Projects that arise as a result of problems and directives must be resolved quickly to avoid hurting an organization's business. a. True b. False
True
Some organizations initiate projects using a contract in place of a project charter. a. True b. False
True
Benefits minus costs is known as the _____. a. cost of capital b. cash flow c. discount factor d. opportunity cost of capital
B
An organization's information technology project selection process should guide the strategic plan. a. True b. False
False
. The first step in determining the NPV is to _____. a. determine the estimated costs and benefits for the life of the project and the products it produces b. determine the discount rate c. calculate the net present value d. determine the cash flow
A
A _____ is a document used to coordinate all project planning documents and help guide a project's execution and control. a. project management plan b. statement of work c. scope statement d. business case
A
In a weighted scoring model, the sum of the weights of all the criteria must total _____ percent. a. 10 b. 50 c. 100 d. 150
C
. It is necessary that IT project managers have prior technical experience in creating and managing IT products. a. True b. False
False
_____ involves working with stakeholders to create the document that formally authorizes a project. a. Developing the project charter b. Developing the preliminary project scope statement c. Developing the project management plan d. Performing integrated change control
A
_____ should result in improvements in project performance. a. Corrective actions b. Defect repairs c. Preventive actions d. Product acceptance plans
A
A Gantt chart is the same as a project management plan. a. True b. False
False
_____ are new requirements imposed by management, government, or some external influence. a. Opportunities b. Charters c. Problems d. Directives
D
Corrective actions reduce the probability of negative consequences associated with project risks, while preventive actions should result in improvements in project performance. a. True b. False
False
The first step in the planning process is _____. a. to tie the information technology strategic plan to the organization's overall strategic plan b. to perform a business area analysis c. to start defining potential IT projects in terms of their scope, benefits, and constraints d. to choose which projects to do and assigning resources to work on them
A
The business case includes information on _____. a. the business need for the project b. relevant government or industry standards c. the project objective, high-level requirements, and time and cost goals d. policies, procedures, guidelines, and systems that influence a project's success
C
_____ involves coordinating all planning efforts to create a consistent, coherent document. a. Developing the project charter b. Developing the preliminary project scope statement c. Developing the project management plan d. Developing the organizational process assets updates
C
_____ 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. a. NPV analysis b. Project management information systems c. Configuration management d. Project time management
C
Project integration management must occur just within the context of a particular project. a. True b. False
False
Projects that address broad organizational needs are likely to fail. a. True b. False
False
Change requests are always made in writing. a. True b. False
True
A project's internal rate of return can be determined by finding what discount rate results in an NPV of _____ for the project. a. zero b. one c. a hundred percent d. fifty percent
A
In the _____ stage of selecting information technology projects, organizations define project scope, benefits, and constraints. a. project planning b. business area analysis c. resource allocation d. information technology strategy planning
A
Which of the following is a proactive process undertaken to reduce the probability of negative consequences associated with project risks? a. Performance reports b. Preventive actions c. Defect repairs d. Corrective actions
B
_____ 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. a. Cost of capital b. Net present value c. Cash flow d. Payback
B
The project schedule information section of the project management plan includes ____. a. a detailed budget b. a list of key deliverables c. an elaborate timetable d. a directory of staff involved in the project
C
A _____ is a document that recognizes the existence of a project and provides direction on the project's objectives and management. a. stakeholder register b. risk register c. directive d. project charter
D
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. a. WBS b. project charter c. performance report d. change control system
D
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. cost forecasting b. a preventive action c. defect repairs d. a corrective action
D
The _____ is the minimum acceptable rate of return on an investment. a. capitalization rate b. internal rate of return c. discount rate d. required rate of return
D
The _____ section of the project management plan describes specific methodologies a project might use and explains how to document information. a. management objectives b. project controls c. risk management d. technical processes
D
The outputs of the _____ process include change request status updates, project management plan updates, and project document updates. a. initiating b. planning c. executing d. monitoring and controlling
D
An annual discount factor is a multiplier for each year based on the discount rate and year. a. True b. False
True
