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20 Cards in this Set
- Front
- Back
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Project ________ management involves coordinating all of the other project management knowledge areas throughout a project's life cycle.
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*a. integration
b. quality c. time d. scope |
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Which of the following primary processes of integration management involves identifying, evaluating, and managing changes throughout the project life cycle?
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a. Developing the project management plan.
*b. Performing integrated change control. c. Monitoring and controlling the project work. d. Directing and managing project execution. |
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Which of the following primary processes of integration management involves carrying out the project management plan by performing the activities included in it?
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a. Performing integrated change control.
*b. Directing and managing project execution. c. Monitoring and controlling the project work. d. Developing the preliminary project scope statement. |
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Which of the following primary processes of integration management involves overseeing activities to meet the performance objectives of the project?
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a. Directing and managing project execution.
b. Developing the preliminary project scope statement. *c. Monitoring and controlling the project work. d. Performing integrated change control. |
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________ management involves identifying and managing the points of interaction between various elements of the project.
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a. Configuration
b. Scope c. Integration *d. Interface |
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Which of the following involves determining long-term objectives by analyzing the strengths and weaknesses of an organization, studying opportunities and threats in the business environment, predicting future trends, and projecting the need for new products and services?
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a. project planning
b. project integration management *c. strategic planning d. configuration management |
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After identifying strategic goals, the next step in the planning process for selecting information technology projects is to perform a ________.
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a. net present value analysis
b. stakeholder analysis c. SWOT analysis *d. business area analysis |
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One method for selecting projects based on broad organizational needs is to determine whether they first meet three important criteria: need, ________, and will.
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a. schedule
*b. funding c. quality d. cost |
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It is often easier to get approval and funding for projects that address ________ because the organization must respond to these categories of projects to avoid hurting their business.
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a. problems, opportunities and directives
*b. problems or directives c. problems or opportunities d. opportunities or directives |
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An organization should consider only projects with a positive ________ if financial value is a key criterion for project selection.
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*a. net present value
b. cost of capital c. payback analysis d. cash flow |
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Which of the following describes benefits minus costs or income minus expenses?
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a. net present value
*b. cash flow c. cost of capital d. payback analysis |
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Which of the following is also called the capitalization rate or opportunity cost of capital?
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a. cash flow
b. net present value *c. discount rate d. discount factor |
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In net present value (NPV) analysis, the ________ is a multiplier for each year based on the discount rate and year.
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a. cost of capital
*b. discount factor c. cash flow d. discount rate |
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________ is the result of subtracting the project costs from the benefits and then dividing by the costs.
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*a. Return on investment (ROI)
b. Required rate of return c. Net present value (NPV) d. Internal rate of return (IRR) |
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You can determine a project's ________ by finding what discount rate results in an NPV of zero for the project.
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*a. internal rate of return (IRR)
b. net present value (NPV) c. required rate of return d. return on investment (ROI) |
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A ________ is a tool that provides a systematic process for selecting projects based on many criteria. These criteria can include factors such as meeting broad organizational need or addressing problems, opportunities, or directives.
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*a. weighted scoring model
b. change control board (CCB) c. discount rate d. balanced scorecard |
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A(n) ________ is a methodology that converts an organization's value drivers, such as customer service, innovation, operational efficiency, and financial performance, to a series of defined metrics.
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*a. balanced scorecard
b. weighted scoring model c. change control board (CCB) d. internal rate of return (IRR) |
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After top management decides on which projects to pursue, it needs to create and distribute documentation to authorize project initiation. This documentation can take many forms, but one common form is the ________.
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a. project management plan
b. scope statement *c. project charter d. team contract |
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A ________ consists of an approved project management plan plus approved changes.
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a. project charter
b. scope statement c. weighted scoring model *d. baseline |
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________ involves identifying, evaluating, and managing changes throughout the project life cycle.
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*a. Integrated change control
b. Configuration management c. A change control system d. A change control board (CCB) |
