OMIS 352 ch. 4

The _____ is the minimum acceptable rate of return on an investment.

a. required rate of return

Benefits minus costs is known as the _____.

Cash Flow

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

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

In a weighted scoring model, the sum of the weights of all the criteria must total _____ percent.

100

_____ 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

_____ should result in improvements in project performance.

Corrective actions

_____ 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

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

Projects that address broad organizational needs are likely to fail.

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.

False

Which of the following are organizational process assets?

Management systems

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

technical processes

The first step in the planning process is _____.

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