Brainscape's Knowledge GenomeTM

Browse over 1 million classes created by top students, professors, publishers, and experts.


See full index

pm copy > Chp 4 > Flashcards

Chp 4 Flashcards

1
Q

In project integration management, directing and managing project execution involves carrying out the project management plan by performing the activities included in it.

A

True

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

Interface management involves identifying and managing the points of interaction between various elements of a project.

A

True

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

The number of interfaces in a single project is limited, and does not depend on the number of people involved in the project.

A

False;

it depends on the # of people

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

Project integration management must occur just within the context of a particular project.

A

False;

entire organization

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

A SWOT analysis, being a linear process, cannot be performed using the nonlinear mind mapping technique.

A

False;

you use mind mapping

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

An organization’s information technology project selection process should guide the strategic plan.

A

False;

strategic should guide IT

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q

Information systems can help an organization support a strategy of being a low-cost producer.

A

True

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
8
Q

Projects that address broad organizational needs are likely to fail

A

False;

succeed

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
9
Q

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.

A

True

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
10
Q

Opportunities and directives are essentially the same thing.

A

False;
directives are requirements
opportunites are chances

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
11
Q

Projects that arise as a result of problems and directives must be resolved quickly to avoid hurting an organization’s business.

A

True

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
12
Q

The organization should complete low-priority projects before high-priority ones, if the low-priority ones take less time.

A

False;

high is always first

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
13
Q

An organization should consider only projects with a negative NPV if financial value is a key criterion for project selection.

A

False;

positive not negative

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
14
Q

NPV analysis is a method for making equal comparisons between cash flows for multi-year projects.

A

True

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
15
Q

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

A

True

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
16
Q

The ROI is always positive.

A

False;

can be +/- cuz its %

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
17
Q

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.

A

True

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
18
Q

A project charter typically does not authorize the project manager to use organizational resources to complete the project.

A

False;

it does authorize

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
19
Q

Some organizations initiate projects using a contract in place of a project charter.

A

True

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
20
Q

The introduction or overview of a project must only include a list of definitions and acronyms.

A

False;

includes various things

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
21
Q

A Gantt chart is the same as a project management plan.

A

False;

more

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
22
Q

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

A

False;

helpful but not necessary

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
23
Q

Corrective actions reduce the probability of negative consequences associated with project risks, while preventive actions should result in improvements in project performance.

A

False:
prevent to reduce
corrective to improve

24
Q

Change requests are always made in writing.

A

True

25
Q

Organizational process asset updates are an important output of the closing process of a project.

A

True

26
Q

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

A

Developing the project charter

27
Q

_____ involves coordinating all planning efforts to create a consistent, coherent document.

A

Developing the project management plan

28
Q

The outputs of the _____ process include change request status updates, project management plan updates, and project document updates.

A

monitoring and controlling

29
Q

The first step in the planning process is _____.

A

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

30
Q

The _____ stage of information technology planning outlines business processes that are central to achieving strategic goals and helps determine which ones could most benefit from information technology.
a.

A

business area analysis

31
Q

In the _____ stage of selecting information technology projects, organizations define project scope, benefits, and constraints.

A

Project Planning

32
Q

In the _____ stage of selecting information technology projects, organizations select information technology projects.

A

resource allocation

33
Q

_____ are new requirements imposed by management, government, or some external influence.

A

Directives

34
Q

_____ 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.

A

Net present value

NPV

35
Q

Benefits minus costs is known as the _____.

A

Cash Flow

36
Q

The first step in determining the NPV is to _____.

A

determine the estimated costs and benefits for the life of the project and the products it produces

37
Q

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

A

It is always a percentage.

38
Q

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

A

required rate of return

39
Q

Payback occurs when:

A

the net cumulative benefits equal the net cumulative costs.

40
Q

A project’s internal rate of return can be determined by finding what discount rate results in an NPV of _____ for the project.

A

0

41
Q

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

A

100

42
Q

A _____ is a document that recognizes the existence of a project and provides direction on the project’s objectives and management.

A

project charter

43
Q

The business case includes information on _____.

A

the project objective, high-level requirements, and time and cost goals

44
Q

Which of the following are organizational process assets?

A

Management systems

45
Q

A _____ is a document used to coordinate all project planning documents and help guide a project’s execution and control.

A

project management plan

46
Q

The _____ section of the project plan should describe the major project functions and activities and identify those individuals who are in charge of them.

A

project responsibilities

47
Q

The _____ section of the project management plan describes how to monitor project progress and handle changes.

A

project controls

48
Q

The project schedule information section of the project management plan includes ____.

A

an elaborate timetable

49
Q

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

A

technical processes

50
Q

The majority of time on a project is usually spent on _____, as is most of the project’s budget.

A

execution

51
Q

_____ should result in improvements in project performance.

A

Corrective actions

52
Q

Which of the following is a proactive process undertaken to reduce the probability of negative consequences associated with project risks?

A

Preventive actions

53
Q

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

a corrective action

54
Q

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.

A

change control system

55
Q

____ 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.

A

Configuration management

pm copy (11 decks)

Brainscape helps you reach your goals faster, through stronger study habits.
© 2024 Bold Learning Solutions. Terms and Conditions