mis 4310 quiz 4

When does payback occur?

When the net cumulative benefits equal the net cumulative costs

Which is an example of an organizational process asset?

management systems

The outputs of which process include change request status updates, project management plan updates, and project document updates?

monitoring and controlling

What type of analysis involves 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?

net present value

What is the first step in determining the NPV?

determine the estimated costs and benefits for the life of the project and the products it produces

Which process involves working with stakeholders to create the document that formally authorizes a project?

developing the project charter

What is the majority of time on a project is usually spent on?

execution

Which process involves selecting information technology projects and assigning resources?

resource allocation

An IT company revises its process parameters in response to complaints from vendors that products were not ready on time. Which is this an example of?

a corrective action

Which section of the project management plan provides the planned cost of deliverables?

budget

Which term is used for 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?

change control systems

What process 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?

configuration management

What actions result in improvements in project performance?

corrective

What term is used for the minimum acceptable rate of return on an investment?

required rate of return

Which section of the project plan lists the planned dates for completing key deliverables?

schedule

Which section of the project management plan describes specific methodologies a project might use and explains how to document information?

technical processes

What is the first step in the planning process?

to tie the information technology strategic plan to the organization's overall strategic plan

Which document recognizes the existence of a project and provides direction on the project's objectives and management?

project charter

Which 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?

business area analysis