Chapter 4: Project Integration Management Part 2

_____ involves identifying and collecting 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

The first step in determining the NPV is to _____

Determine the estimated costs and benefits for the life of the project and the products it produces

The majority of the time on a project is usually spent on _____, as is most of the project's budget

Execution

A Gantt chart is the same as a project management plan

False

Corrective actions reduce the probability of negative consequences associated with project risks, while preventive actions should result in improvements in project performance

False

Opportunities and directives are essentially the same thing

False

Project integration management must occur just within the context of a particular project

False

The introduction or overview of a project must only include a list of definitions and acronyms

False

The organization should complete low-priority projects before high-priority ones, if the low-priority one takes less time

False

The _____ section of the project management plan describes how to monitor project progress and handle changes

Project controls

The _____ is the minimum acceptable rate of return on an investment

Required rate of return

In the _____ stage of selecting information technology projects, organizations select information technology projects

Resource allocation

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

True

NPV analysis is a method for making equal comparisons for multi-year projects

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

True

Projects that arise as a result of problems and directives must respond quickly to avoid hurting an organization's business

True

A project's internal rate of return can be determined by finding what discount rate results in an NPV of ______ for the project

Zero

It is necessary that IT project managers have prior technical experience in creating and managing IT products

False

_____ 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

Organizational process asset updates are an important output of the closing process of a project

True