IT Project Management Chapter 4 Quiz

A Gantt chart is the same as a project management plan.

False

A SWOT analysis, being a linear process, cannot be performed using the nonlinear mind mapping technique.

False

A project charter typically does not authorize the project manager to use organizational resources to complete the project.

False

An organization should consider only projects with a negative NPV if financial value is a key criterion for project selection.

False

An organization's information technology project selection process should guide the strategic 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

Many projects fail because of unclear requirements and expectations, so starting with a payback analysis makes a lot of sense.

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 ROI is always positive.

False

The number of interfaces in a single project is limited, and does not depend on the number of people involved in the project.

False

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

False

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

True

Information systems can help an organization support a strategy of being a low-cost producer.

True

NPV analysis is a method for making equal comparisons between cash flows for multi-year projects.

True

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

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 be resolved quickly to avoid hurting an organization's business.

True

Some organizations initiate projects using a contract in place of a project charter.

True

A summary of the planned approach for managing the project should describe stakeholder needs and expectations, important assumptions, and constraints.

True

An annual discount factor is a multiplier for each year based on the discount rate and year.

True

As projects progress, the organization must reevaluate the need, funding, and will for each project to determine if the project should be continued, redefined, or terminated.

True

Change requests are always made in writing.

True

Interface management involves identifying and managing the points of interaction between various elements of a project.

False

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

False

Projects that address broad organizational needs are likely to fail.

False