Chapter 4 True/False
A Gantt chart is the same as a project management plan.
f
A SWOT analysis, being a linear process, cannot be performed using the nonlinear mind mapping technique.
f
A project charter typically does not authorize the project manager to use organizational resources to complete the project.
f
An organization should consider only projects with a negative NPV if financial value is a key criterion for project selection.
f
An organization's information technology project selection process should guide the strategic plan.
f
Corrective actions reduce the probability of negative consequences associated with project risks, while preventive actions should result in improvements in project performance.
f
An annual discount factor is a multiplier for each year based on the discount rate and year.
t
As projects progress, the organization must reevaluate the need, funding, and will for each project to determine if it should be continued, redefined, or terminated.
t
Change requests are always made in writing.
t
In project integration management, directing and managing project execution involves carrying out the project management plan by performing the activities included in it.
t
Information systems can help an organization support a strategy of being a low-cost producer.
t
NPV analysis is a method for making equal comparisons between cash flows for multi-year projects.
t
Organizational process asset updates are an important output of the closing process of a project.
t
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.
t
Projects that arise as a result of problems and directives must be resolved quickly to avoid hurting an organization's business.
t
The introduction or overview of a project must only include a list of definitions and acronyms.
f
Some organizations initiate projects using a contract in place of a project charter.
t
Interface management involves identifying and managing the points of interaction between various elements of a project.
f
It is necessary that IT project managers have prior technical experience in creating and managing IT products.
f
Opportunities and directives are essentially the same thing.
f
Project integration management must occur just within the context of a particular project.
f
Projects that address broad organizational needs are likely to fail.
f
The ROI is always positive.
f
The number of interfaces in a single project is limited, and does not depend on the number of people involved in the project.
f
The organization should complete low-priority projects before high-priority ones, if the low-priority ones take less time.
f
