Quiz 3

List and briefly describe the six main processes involved in project integration management.

Develop Project Charter & Business Case Work with stakeholders to create the project charter Develop Project Mgmt Plan Coordinate planning to create a consistent, coherent document Direct and Manage Project Work Carry out the project management plan Monitor and Control Project Work Oversee activities to meet performance objectives Perform Integrated Change Control Identify, evaluate, and manage change Close the Project Finalize all activities to formally close the project

_____________ involves working with stakeholders to create the document that formally authorizes a project.

Developing the project charter

It is necessary that IT project managers have prior technical experience in creating and managing IT products.

False

Which of the following is true of return on investment or ROI?

It is always a percentage.

_____________ 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

____________ includes the processes involved in defining and controlling what work is or is not included in a project.

Project Scope Management

A(n) _____ involves analyzing a company's strengths, weaknesses, opportunities, and threats, and is used to aid in strategic planning.

SWOT

A unit of work should appear at only one place in the WBS.

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

The main technique used in creating a WBS is ____________, which involves subdividing project deliverables into smaller pieces.

decomposition