Chapter 4 Quiz

What is a Change Control Board? - A committee that approves or declines proposed changes to a project - A committee that must approve all changes for a project - A committee that studies the changes impact a proposed project will have on an organization - A committee that review the project looking for value-added changes to insert into the project scope.

A committee that approves or declines proposed changes to a project

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. - Resource allocation - Project planning - Business area analysis - Information technology strategy planning

Business area analysis

Benefits minus costs is known as the ______. - Cash flow - Cost of capital - Discount factor - Opportunity cost of capital

Cash flow

_____ involves coordinating all planning efforts to create a consistent, coherent document. - Developing the project management plan - Developing the preliminary project scope statement - Developing the project charter - Developing the organizational process assets updates

Developing the project management plan

_____ 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. - Case flow - Payback - Net present value - Cost of capital

Net present value

The ____ section of the project plan should describe the major project functions and activities and identify those individuals who are in charge of them. - Management objectives - Project responsibilities - Organizational Charts - Other organizations or process-related information

Project responsibilities

Which project management plan defines integrated change control? - Quality management plan - Risks management plan - Scope management plan - Change control plan

Scope management plan

Payback occurs when: - The net cumulative benefits minus costs equal one - The cumulative benefits are double the cumulative costs - The net costs are lower than the cumulative benefits - The net cumulative benefits equal the net cumulative costs

The net cumulative benefits equal the net cumulative costs

True/False: Change requests are always made in writing.

True

Management only has so much capital to invest in new projects. The project selection committee wants to use an approach where every proposed project will be evaluated on six different categories with an emphasis on profitability. What approach is the project selection committee likely using to select projects? - Present value of money - Future value of money - Weighted scoring model - Benefit/Cost ratios

Weighted scoring model