Chapter 4 Project Manager: Integration Management
Which of the following is true of return on investment or ROI?
It is always a percentage.
Which of the following are organizational process assets?
Management systems
_____ 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
Which of the following is a proactive process undertaken to reduce the probability of negative consequences associated with project risks?
Preventive actions
An annual discount factor is a multiplier for each year based on the discount rate and year.
T
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.
T
Change requests are always made in writing.
T
Interface management involves identifying and managing the points of interaction between various elements of a project.
T
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.
T
An IT company revises its process parameters in response to complaints from vendors that products were not ready on time. This would be an example of _____.
a corrective action
A(n) _____ is 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 system
Payback occurs when:
the net cumulative benefits equal the net cumulative costs.
The business case includes information on _____.
the project objective, high-level requirements, and time and cost goals
The first step in the planning process is _____.
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
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
_____ 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
A Gantt chart is the same as a project management plan.
F
A SWOT analysis, being a linear process, cannot be performed using the nonlinear mind mapping technique.
F
Corrective actions reduce the probability of negative consequences associated with project risks, while preventive actions should result in improvements in project performance.
F
The ROI is always positive.
F
The number of interfaces in a single project is limited, and does not depend on the number of people involved in the project.
F
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 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
A _____ is a document that recognizes the existence of a project and provides direction on the project's objectives and management.
project charter
The _____ section of the project management plan describes how to monitor project progress and handle changes.
project controls
A _____ is a document used to coordinate all project planning documents and help guide a project's execution and control.
project management plan
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
In the _____ stage of selecting information technology projects, organizations select information technology projects.
resource allocation
The project schedule information section of the project management plan includes ____.
an elaborate timetable
The _____ section of the project management plan describes specific methodologies a project might use and explains how to document information.
technical processes
