OMIS 352
Change requests are always made in writing.
True
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
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
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 False
True
Projects that arise as a result of problems and directives must be resolved quickly to avoid hurting an organization's business.
True
Projects that arise as a result of problems and directives must be resolved quickly to avoid hurting an organization's business. True False
True
Some organizations initiate projects using a contract in place of a project charter.
True
A project's internal rate of return can be determined by finding what discount rate results in an NPV of _____ for the project.
Zero
In the _ stage of selecting information technology projects, organizations select information technology projects.
resource allocation
In the _____ stage of selecting information technology projects, organizations select information technology projects.
resource allocation
Payback occurs when:
the net cumulative benefits equal the net cumulative costs.
Project integration management must occur just within the context of a particular project. True False
False
Projects that address broad organizational needs are likely to fail.
False
The ROI is always positive.
False
The introduction or overview of a project must only include a list of definitions and acronyms.
False
The number of interfaces in a single project is limited, and does not depend on the number of people involved in the project. True False
False
The organization should complete low-priority projects before high-priority ones, if the low-priority ones take less time. True False
False
Which of the following are organizational process assets?
Management systems
Interface management involves identifying and managing the points of interaction between various elements of a project. True False
False
Benefits minus costs is known as the
Cash flow
_ 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
It is necessary that IT project managers have prior technical experience in creating and managing IT products.
False
_involves working with stakeholders to create the document that formally authorizes a project.
Developing the project charter
____ involves coordinating all planning efforts to create a consistent, coherent document.
Developing the project management plan
_ are new requirements imposed by management, government, or some external influence.
Directives
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
An organization's information technology project selection process should guide the strategic plan. True False
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
Which of the following is a proactive process undertaken to reduce the probability of negative consequences associated with project risks ?
Preventive actions
A _____ is a document that recognizes the existence of a project and provides direction on the project's objectives and management.
Project Charter
_____ 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. a.Configuration management b.Project management information systems c.Project time management d.NPV analysis
a. Configuration management
Which of the following is true of return on investment or ROI? a.It is always a percentage. b.It is always a positive number. c.The lower it is, the better. d.It is the result of adding the project costs to the profits.
a.It is always a percentage.
A _____ is a document that recognizes the existence of a project and provides direction on the project's objectives and management. a.project charter b.directive c.stakeholder register d.risk register
a.project charter
A _____ is a document used to coordinate all project planning documents and help guide a project's execution and control. a.project management plan b.scope statement c.business case d.statement of work
a.project management plan
The project schedule information section of the project management plan includes
an elaborate timetable
Which of the following is a proactive process undertaken to reduce the probability of negative consequences associated with project risks? a.Defect repairs b.Preventive actions c.Performance reports d.Corrective actions
b. Preventive actions
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.
business area analysis
The _____ section of the project plan should describe the major project functions and activities and identify those individuals who are in charge of them. a.organizational charts b.management objectives c.project responsibilities d.other organizational or process-related information
c. project responsibilities
A(n) _ is a formal, documented process that describes when and how official project documents may be modified, the people authorized to make modifications, andthe paperwork required for these changes.
change control system
The outputs of the _____ process include change request status updates, project management plan updates, and project document updates. a.initiating b.executing c.planning d.monitoring and controlling
d. monitoring and controlling
The _____ is the minimum acceptable rate of return on an investment. a.discount rate b.internal rate of return c.capitalization rate d.required rate of return
d.required rate of return
In the _____ stage of selecting information technology projects, organizations select information technology projects. a.information technology strategy planning b.project planning c.business area analysis d.resource allocation
d.resource allocation
The majority of time on a project is usually spent on _____, as is most of the project's budget.
execution
The outputs of the _____ process include change request status updates, project management plan updates, and project document updates.
monitoring and controlling
The _ section of the project management plan describes how to monitor project progress and handle changes.
project controls
The _ section of the project plan should describe the major project functions and activities and identify those individuals who are in charge of them.
project responsibilities
The first step in the planning process is _____. a.to perform a business area analysis b.to tie the information technology strategic plan to the organization's overall strategic plan c.to choose which projects to do and assigning resources to work on them d.to start defining potential IT projects in terms of their scope, benefits, and constraints
to tie the information technology strategic plan to the organization's overall strategic plan
A project's internal rate of return can be determined by finding what discount rate results in an NPV of _____ for the project.
zero
