Chp 4

Question 1

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

Answer 1

True

Question 2

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

Answer 2

True

Question 3

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

Answer 3

False;

it depends on the # of people

Question 4

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

Answer 4

False;

entire organization

Question 5

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

Answer 5

False;

you use mind mapping

Question 6

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

Answer 6

False;

strategic should guide IT

Question 7

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

Answer 7

True

Question 8

Projects that address broad organizational needs are likely to fail

Answer 8

False;

succeed

Question 9

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.

Answer 9

True

Question 10

Opportunities and directives are essentially the same thing.

Answer 10

False;
directives are requirements
opportunites are chances

Question 11

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

Answer 11

True

Question 12

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

Answer 12

False;

high is always first

Question 13

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

Answer 13

False;

positive not negative

Question 14

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

Answer 14

True

Question 15

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

Answer 15

True

Question 16

The ROI is always positive.

Answer 16

False;

can be +/- cuz its %

Question 17

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.

Answer 17

True

Question 18

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

Answer 18

False;

it does authorize

Question 19

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

Answer 19

True

Question 20

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

Answer 20

False;

includes various things

Question 21

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

Answer 21

False;

more

Question 22

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

Answer 22

False;

helpful but not necessary

Question 23

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

Answer 23

False:
prevent to reduce
corrective to improve

Question 24

Change requests are always made in writing.

Answer 24

True

Question 25

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

Answer 25

True

Question 26

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

Answer 26

Developing the project charter

Question 27

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

Answer 27

Developing the project management plan

Question 28

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

Answer 28

monitoring and controlling

Question 29

The first step in the planning process is _____.

Answer 29

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

Question 30

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.

Answer 30

business area analysis

Question 31

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

Answer 31

Project Planning

Question 32

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

Answer 32

resource allocation

Question 33

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

Answer 33

Directives

Question 34

_____ 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.

Answer 34

Net present value | NPV

Question 35

Benefits minus costs is known as the _____.

Answer 35

Cash Flow

Question 36

The first step in determining the NPV is to _____.

Answer 36

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

Question 37

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

Answer 37

It is always a percentage.

Question 38

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

Answer 38

required rate of return

Question 39

Payback occurs when:

Answer 39

the net cumulative benefits equal the net cumulative costs.

Question 40

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

Answer 40

0

Question 41

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

Answer 41

100

Question 42

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

Answer 42

project charter

Question 43

The business case includes information on _____.

Answer 43

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

Question 44

Which of the following are organizational process assets?

Answer 44

Management systems

Question 45

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

Answer 45

project management plan

Question 46

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

Answer 46

project responsibilities

Question 47

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

Answer 47

project controls

Question 48

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

Answer 48

an elaborate timetable

Question 49

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

Answer 49

technical processes

Question 50

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

Answer 50

execution

Question 51

_____ should result in improvements in project performance.

Answer 51

Corrective actions

Question 52

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

Answer 52

Preventive actions

Question 53

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 _____.

Answer 53

a corrective action

Question 54

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.

Answer 54

change control system

Question 55

____ 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.

Answer 55

Configuration management