Deck 4: Project Integration Management

Question 1

Many problems and directives must be resolved quickly.

Answer 1

True

Question 2

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

Answer 2

False

Question 3

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

Answer 3

True

Question 4

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.

Question 5

You can use the NPV function in Microsoft Access to calculate the NPV quickly.

Question 6

Project managers should never be involved in strategic planning and project selection.

Question 7

Opportunities and directives are essentially the same thing.

Question 8

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

Question 9

Net present value and cash flow mean the same thing.

Question 10

Selecting projects is considered an exact science.

Question 11

Many people consider project integration management the key to overall project success.

Question 12

Directing and managing project execution involves carrying out the project management plan by performing the activities included in it.

Question 13

The number of interfaces can increase exponentially as the number of people involved in a project increases.

Question 14

Project integration management does not include interface management.

Question 15

Strategic planning 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.

Question 16

The first step in creating a weighted scoring model is to assign a weight to each criterion.

Question 17

The ROI is always positive.

Question 18

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.

Question 19

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

Question 20

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

Question 21

Some people might use a contract in place of a charter.

Question 22

Many projects fail because of unclear requirements and expectations,so starting with a project charter makes a lot of sense.

Question 23

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

A)Project Planning
B)Business Area Analysis
C)Resource Allocation
D)Information Technology Strategy Planning

Question 24

A stakeholder analysis should be part of the overall project plan.

Question 25

A commonsense approach to improving the coordination between project plan development and execution is to follow this simple rule: Those who will do the work should not plan the work.

Question 26

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

A)Project Planning
B)Business Area Analysis
C)Resource Allocation
D)Information Technology Strategy Planning

Question 27

The ____ step in the planning process is to tie the information technology strategic plan to the organization's overall strategic plan.

A)first
B)second
C)third
D)fourth

Question 28

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

Question 29

There are ____ main processes involved in project integration management.

A)three
B)six
C)ten
D)fifteen

Question 30

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

Question 31

In the ____ stage,organizations tie information technology strategy to mission and vision of organization and identify key business areas.

A)Project Planning
B)Business Area Analysis
C)Resource Allocation
D)Information Technology Strategy Planning

Question 32

Many organizations have found that large information technology projects require experienced general managers who understand the business and application area of the technology,not the technology itself.

Question 33

All projects can benefit from using some type of project management information system to coordinate and communicate project information.

Question 34

In the ____ information technology planning stage,the analysis outlines business processes that are central to achieving strategic goals and helps determine which ones could most benefit from information technology.

A)Project Planning
B)Business Area Analysis
C)Resource Allocation
D)Information Technology Strategy Planning

Question 35

Project management plans document project planning assumptions and decisions regarding choices.

Question 36

Many people are familiar with SWOT analysis-analyzing Strengths,Weaknesses,Opportunities,and Threats-which is used to aid in ____.

A)project initiation
B)project planning
C)strategic planning
D)strategic initiation

Question 37

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

A)Developing the project charter
B)Developing the preliminary project scope statement
C)Developing the project management plan
D)Directing and managing project execution

Question 38

The outputs of ____ include change request status updates,project management plan updates,and project document updates.

A)monitoring and controlling the project work
B)closing the project
C)developing the project management plan
D)performing integrated change control

Question 39

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

A)Developing the project charter
B)Developing the preliminary project scope statement
C)Developing the project management plan
D)Directing and managing project execution

Question 40

The key deliverables section of the project management plan should describe the quality expectations for the product deliverables.

Question 41

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

A)return on investment
B)internal rate of return
C)external rate of return
D)required rate of return

Question 42

A(n)____ is a document used to coordinate all project planning documents and help guide a project's execution and control.

A)project management plan
B)statement of work
C)scope statement
D)contact

Question 43

Research shows that ____ is the number one reason cited for why organizations invest in information technology projects.

A)providing financial incentives
B)supporting implicit business objectives
C)supporting explicit business objectives
D)keeping abreast of technological advances

Question 44

Projects that address ____ are much more likely to be successful because they will be important to the organization.

A)a balanced scorecard
B)a weighted scoring model
C)broad organizational needs
D)net present value

Question 45

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

A)management objectives
B)project controls
C)risk management
D)technical processes

Question 46

A(n)____ is a document that describes the products or services to be created by the project team.

A)contract
B)statement of work
C)project charter
D)business case

Question 47

The project schedule information section of the project management plan might include ____.

A)a detailed budget
B)key deliverables
C)a detailed schedule
D)project staffing

Question 48

A(n)____ is a document that formally recognizes the existence of a project and provides direction on the project's objectives and management.

A)balanced scorecard
B)business case
C)net present value analysis
D)project charter

Question 49

____ 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)Cost of capital
B)Net present value
C)Cash flow
D)Payback

Question 50

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
B)determine the discount rate
C)calculate the net present value
D)determine the cash flow

Question 51

In the mathematical formula for determining the NPV,the variable n is ____.

A)the year of the cash flow
B)the last year of the cash flow
C)the amount of cash flow each year
D)the discount rate

Question 52

You can determine a project's ____ by finding what discount rate results in an NPV of zero for the project.

A)internal rate of return (IRR)
B)required rate of return
C)payback period
D)return on investment (ROI)

Question 53

____ support contributes the most to successful information technology projects.

A)Stakeholder
B)Team
C)Executive
D)User

Question 54

Author ____,who developed the concept of the strategic value of competitive advantage,has written several books and articles on strategic planning and competition.

A)James Bacon
B)Michael Porter
C)Robert Cooper
D)Carol Matlack

Question 55

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

A)Opportunities
B)Commands
C)Problems
D)Directives

Question 56

One method for selecting projects based on ____ is to determine whether they first meet three important criteria: need,funding,and will.

A)broad organizational needs
B)using a weighted scoring model
C)implementing a balanced scorecard
D)categorizing information technology projects

Question 57

The ____ section of the project plan should describe the major project functions and activities and identify those individuals who are responsible for them.

A)organizational charts
B)other organizational or process-related information
C)project responsibilities
D)management objectives

Question 58

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

A)0
B)50
C)100
D)150

Question 59

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

A)management objectives
B)project controls
C)risk management
D)technical processes

Question 60

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.

A)payback analysis
B)balanced scorecard
C)weighted scoring model
D)net present value analysis

Question 61

Good ____________________ management is critical to providing stakeholder satisfaction.

Question 62

____ tools track the execution of business process flows and expose how the state of supporting IT systems and resources is impacting end-to-end business process performance in real time.

A)BSM
B)CCB
C)CCA
D)BSC

Question 63

Even though many information technology projects can be completed quickly,it is still important to ____________________ them.

Question 64

Which of the following is an important input to the integrated change control process?

A)Deliverables
B)Work performance information
C)Approved and rejected change requests
D)Approved and validated defect repair

Question 65

On large projects,many project managers say that ____ percent of the job is communicating and managing changes.

A)50
B)70
C)90
D)100

Question 66

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

A)execution
B)planning
C)closing
D)monitoring and controlling

Question 67

Many organizations rely on effective _________________________ (NPD)to increase growth and profitability.

Question 68

____ ensures that the descriptions of the project's products are correct and complete.

A)CCB
B)Correction management
C)Configuration management
D)Product description management

Question 69

____________________ involves identifying and managing the points of interaction between various elements of the project.

Question 70

____________________ are chances to improve the organization.

Question 71

____ provide information on how project execution is going.

A)Performance reports
B)Change requests
C)Deliverables
D)Contracts

Question 72

Project initiation starts with identifying potential projects,using realistic methods to select which projects to work on,and then formalizing their initiation by issuing some sort of ____________________.

Question 73

Many information systems are classified as "____________________" because they directly support key business strategies.

Question 74

A(n)____ is a formal,documented process that describes when and how official project documents may be changed.

A)integrated change control
B)change request
C)performance report
D)change control system

Question 75

______________________________ involves coordinating all of the other project management knowledge areas throughout a project's life cycle.

Question 76

The last step in the ____________________ process for selecting information technology projects is choosing which projects to do and assigning resources for working on them.

Question 77

A(n)____ is a formal group of people responsible for approving or rejecting changes to a project.

A)CCA
B)CCB
C)CCC
D)CCD

Question 78

____ should result in improvements in project performance.

A)Corrective actions
B)Corrective reports
C)Preventive actions
D)Proactive methods

Question 79

Most systems analysts begin their careers as ____.

A)database administrators
B)CEOs
C)project managers
D)programmers

Question 80

____________________ are undesirable situations that prevent an organization from achieving its goals.