chapter 4
52. _____ should result in improvements in project performance.
a. Corrective actions
27. _____ involves working with stakeholders to create the document that formally authorizes a project.
a. Developing the project charter
38. Which of the following is true of return on investment or ROI?
a. It is always a percentage.
45. Which of the following are organizational process assets?
a. Management systems
37. 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
51. The majority of time on a project is usually spent on _____, as is most of the project's budget.
a. execution
46. A _____ is a document used to coordinate all project planning documents and help guide a project's execution and control.
a. project management plan
32. In the _____ stage of selecting information technology projects, organizations define project scope, benefits, and constraints.
a. project planning
30. The first step in the planning process is _____.
a. to tie the information technology strategic plan to the organization's overall strategic plan
41. 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
35. _____ 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.
b. Net present value
53. Which of the following is a proactive process undertaken to reduce the probability of negative consequences associated with project risks?
b. Preventive actions
31. 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.
b. business area analysis
48. The _____ section of the project management plan describes how to monitor project progress and handle changes.
b. project controls
40. Payback occurs when:
b. the net cumulative benefits equal the net cumulative costs.
42. In a weighted scoring model, the sum of the weights of all the criteria must total _____ percent.
c. 100
56. _____ 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.
c. Configuration management
28. _____ involves coordinating all planning efforts to create a consistent, coherent document.
c. Developing the project management plan
50. The project schedule information section of the project management plan includes ____.
c. an elaborate timetable
47. The _____ section of the project plan should describe the major project functions and activities and identify those individuals who are in charge of them.
c. project responsibilities
33. In the _____ stage of selecting information technology projects, organizations select information technology projects.
c. resource allocation
44. The business case includes information on _____.
c. the project objective, high-level requirements, and time and cost goals
36. Benefits minus costs is known as the _____.
cash flow
34. _____ are new requirements imposed by management, government, or some external influence.
d. Directives
54. 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 _____.
d. a corrective action
55. 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.
d. change control system
29. The outputs of the _____ process include change request status updates, project management plan updates, and project document updates.
d. monitoring and controlling
43. A _____ is a document that recognizes the existence of a project and provides direction on the project's objectives and management.
d. project charter
39. The _____ is the minimum acceptable rate of return on an investment.
d. required rate of return
49. The _____ section of the project management plan describes specific methodologies a project might use and explains how to document information.
d. technical processes