PM-C4-myTest-Schwalbe

QUESTION 13 The number of interfaces in a single project is limited, and does not depend on the number of people involved in the project. True False

False

QUESTION 17 The organization should complete low-priority projects before high-priority ones, if the low-priority ones take less time. True False

False

QUESTION 18 Project integration management must occur just within the context of a particular project. True False

False

QUESTION 19 It is necessary that IT project managers have prior technical experience in creating and managing IT products. True False

False

QUESTION 33 The ROI is always positive. True False

False

QUESTION 9 A project charter typically does not authorize the project manager to use organizational resources to complete the project. True False

False

QUESTION 10 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 corrective action c. defect repairs d. a preventive action

b. a corrective action

QUESTION 21 The _____ section of the project management plan describes how to monitor project progress and handle changes. a. management objectives b. project controls c. technical processes d. risk management

b. project controls

QUESTION 20 In the _____ stage of selecting information technology projects, organizations select information technology projects. a. business area analysis b. resource allocation c. project planning d. information technology strategy planning

b. resource allocation

QUESTION 15 In project integration management, directing and managing project execution involves carrying out the project management plan by performing the activities included in it. True False

True

QUESTION 22 Information systems can help an organization support a strategy of being a low-cost producer. True False

True

QUESTION 25 Some organizations initiate projects using a contract in place of a project charter. True False

True

QUESTION 28 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. True False

True

QUESTION 29 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 False

True

QUESTION 3 Organizational process asset updates are an important output of the closing process of a project. True False

True

QUESTION 31 NPV analysis is a method for making equal comparisons between cash flows for multi-year projects. True False

True

QUESTION 8 Projects that arise as a result of problems and directives must be resolved quickly to avoid hurting an organization's business. True False

True

QUESTION 26 Which of the following is true of return on investment or ROI? a. It is always a percentage. b. It is the result of adding the project costs to the profits. c. It is always a positive number. d. The lower it is, the better.

a. It is always a percentage.

QUESTION 6 Benefits minus costs is known as the _____. a. cash flow b. cost of capital c. opportunity cost of capital d. discount factor

a. cash flow

QUESTION 27 The outputs of the _____ process include change request status updates, project management plan updates, and project document updates. a. monitoring and controlling b. initiating c. planning d. executing

a. monitoring and controlling

QUESTION 24 A _____ is a document that recognizes the existence of a project and provides direction on the project's objectives and management. a. project charter b. directive c. stakeholder register d. risk register

a. project charter

QUESTION 7 _____ are new requirements imposed by management, government, or some external influence. a. Problems b. Directives c. Charters d. Opportunities

b. Directives

QUESTION 14 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. information technology strategy planning b. business area analysis c. resource allocation d. project planning

b. business area analysis

QUESTION 30 Which of the following are organizational process assets? a. Marketplace conditions b. Government standards c. Management systems d. The organization's infrastructure

c. Management systems

QUESTION 23 A _____ is a document used to coordinate all project planning documents and help guide a project's execution and control. a. scope statement b. statement of work c. project management plan d. business case

c. project management plan

QUESTION 12 In the _____ stage of selecting information technology projects, organizations define project scope, benefits, and constraints. a. information technology strategy planning b. business area analysis c. project planning d. resource allocation

c. 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. a. organizational charts b. management objectives c. project responsibilities d. other organizational or process-related information

c. project responsibilities

QUESTION 32 The _____ is the minimum acceptable rate of return on an investment. a. discount rate b. capitalization rate c. required rate of return d. internal rate of return

c. required rate of return

The business case includes information on _____. a. the business need for the project b. policies, procedures, guidelines, and systems that influence a project's success c. the project objective, high-level requirements, and time and cost goals d. relevant government or industry standards

c. the project objective, high-level requirements, and time and cost goals

QUESTION 16 _____ should result in improvements in project performance. a. Defect repairs b. Product acceptance plans c. Preventive actions d. Corrective actions

d. Corrective actions

QUESTION 4 _____ 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. Cash flow b. Payback c. Cost of capital d. Net present value

d. Net present value

QUESTION 5 The _____ section of the project management plan describes specific methodologies a project might use and explains how to document information. a. risk management b. management objectives c. project controls d. technical processes

d. technical processes

QUESTION 11 Payback occurs when: a. the cumulative benefits are double the cumulative costs. b. the net cumulative benefits minus costs equal one. c. the net costs are lower than the cumulative benefits. d. the net cumulative benefits equal the net cumulative costs.

d. the net cumulative benefits equal the net cumulative costs.