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