exam 3 acg (definitions)

Select two objectives that might typically be accomplished during the planning phase (the second stage) of the project management process.

A meeting with project stakeholders is convened allowing these key players to review the Gantt chart and the project timeline. A Gantt chart is created or fine-tuned if one was started during the feasibility study.

Select three objectives that might typically be accomplished during the initiation phase (the first stage) of the project management process.

A statement of work or other working agreement is created. Stakeholders in the project are identified. A projected timeline for deliverables is developed.

What is conducted in the process design step of business process management?

Activities are examined and divided into their individual components.

The technology and processes used to gain intelligent, usable information from applicable databases across the Internet is referred to as ___ .

Big data analytics

Select two reasons why senior management should seek buy-in from stakeholders when implementing a new business intelligence (BI) system.

If users do not understand the process the BI software will unnecessarily waste an organization's resources. If users find the BI software too cumbersome to use it can lead senior management into making sub-optimal decisions.

Select the objective that is typically accomplished during the execution phase (the third stage) of the project management process.

Managers monitor the progress of the project and resources.

The 3rd step in business process management provides managers the ability to play the "what-if" game by changing input variables (abstract) decision making. This is the ___ step

Process Execution

Select three major data analytics software platforms.

SAP Analytics Cloud Oracle Analytics Cloud Tableau by Salesforce

Select three common features of modern data visualization tools that accompany most business intelligence (BI) systems.

Scroll-over features Dashboard presentation Search capabilities

Assisting managers by examining large quantities of data and parsing it into usable information is what makes data

analytics

During the fourth stage of the project management (PM) process, the manager documents the lessons learned during the project's execution. This is called the

closure

Nearly all BI software platforms have a(n) ___, that displays an overview of the data that is presented.

dashboard presentation

The first stage of the project management (PM) process, in which project objectives are identified and feasibility studies are conducted is the ___ phase.

initiation

Universal Product Codes (UPC) and Radio Frequency Identification (RFID), combined with database management systems (DBMS), have greatly advanced the performance o

inventory

In the second step in business process management, analysts use flow charts and other tools to depict the workflow, the sequence of operations, and the decision points. This is called the process step.

modeling

In the fourth step of business process management, managers track the individual components of the process as well as the process as a whole so that the performance of the engine can be measured. This is called the process

monitoring

During the second stage of the project management (PM) process, a Gantt chart is created, or fine-tuned if one was started during the feasibility study. This is called the

planning

Software can prove an indispensable aid in the successful execution of a project that has a specific starting point and ending point, and a set of deliverables, is called

project

Business intelligence (BI) and associated big data analytics has no value if it cannot be interpreted and presented effectively to decision makers. Because of this, one of the most important features of any BI system are its data

visualization