Chapter 4: Project Integration Management Part 2
_____ involves identifying and collecting 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
The first step in determining the NPV is to _____
Determine the estimated costs and benefits for the life of the project and the products it produces
The majority of the time on a project is usually spent on _____, as is most of the project's budget
Execution
A Gantt chart is the same as a project management 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
Opportunities and directives are essentially the same thing
False
Project integration management must occur just within the context of a particular project
False
The introduction or overview of a project must only include a list of definitions and acronyms
False
The organization should complete low-priority projects before high-priority ones, if the low-priority one takes less time
False
The _____ section of the project management plan describes how to monitor project progress and handle changes
Project controls
The _____ is the minimum acceptable rate of return on an investment
Required rate of return
In the _____ stage of selecting information technology projects, organizations select information technology projects
Resource allocation
In project integration management, directing and managing project execution involves carrying out the project management plan by performing the activities included in it
True
NPV analysis is a method for making equal comparisons 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
Projects that arise as a result of problems and directives must respond quickly to avoid hurting an organization's business
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
It is necessary that IT project managers have prior technical experience in creating and managing IT products
False
_____ analysis is a method of 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
Organizational process asset updates are an important output of the closing process of a project
True
