ISDS 361

kickoff

A meeting that is held at the beginning of a project so that stakeholders can meet eachother, review the goals of the project, and discuss future plans is called the _______ meeting

False

A project should be developed using progressive elaboration, starting from specific details and broadening in scope as it progresses

Prototyping

Developing a working replica of the system or some aspect of a system in order to determine project scope requirements is called

False

Effort estimated is the actual amount o ftime worked on an activity plus elapsed time

Finish-to-start

In a ____ relationship, the "from" activity must finish before the "to" activity can start.

False

Net present value and cash flow mean the same thing

True

Payback period is the amount of time it will take to recoup, in the form of cash inflows, the total dollars invested in a project

Scope

Project _____ Management involves definibg and manageming all the work required to complete the project successfully

Knowledge Areas

Project management ________ are the key competencies and skills that project managers must have for overall project success

Project portfolio management

Refers to the process in which organizations group and manage projects and programs as a portfolio of investments that contribute to the entire enterprise's success

CPI

The ______ is the ratio of earned value to actual cost and can be used to estimate the projects cost of completing the project

Top-down

The _______ approach involves refining the work into greater and greater levels of detail

Decreases

The learning Curve theory states that when many items are produced repetitively, the unit cost of those items ____________ in regular pattern as more units are produced

sponser

The project _______ usually provides the direction and funding for the project

False

The scope of a project should be clear and specific from the start

Deliverables

The term that is used to describe a product that is produced at the conclusion of a project is called a

????

To ensure a high standard of project quality, many organizations follow the ____ ______ methodologies

False

if the cost performance index is less than one or less than 100 percent, thye project is under budget

Scope validation

involves formal acceptance of the completed project scope by the stakeholders

EV

the ______ is an estimate of the value of the work actually completed