Exam 4: Project Initiation

When looking at financial models of project selection, factors such as inflation and risk impact the ________ value of money.

Subject matter expert judgments, "sacred cow" decisions, and mandates are examples of ________ project selection models.

The team used to put the business case together should be representative of all affected ________.

The two key deliverables of the project initiation process are:

The weighted ________ model is a culmination of many models, used to evaluate all projects on as equal a basis as humanly possible.

The two key deliverables of the initiation process are the project charter and the stakeholder assessment matrix.

Most organizations are beginning to realize the strategic important of IT to their success.

A project criterion with a higher weight has less importance than a criterion with a lower weight.

Organizations need to be selective in choosing the projects which will return the most value to the organization.

Organizations need to make sure they follow a ________ approach and evaluate any new projects against other potential projects and currently running projects.

All other project characteristics being equal, the project with the highest NPV should be chosen.

Mandates can come from vendors, government agencies, industry sectors, or markets.

It is important for the project manager to understand the reasons why a project was selected so that the ________ for the project are clearly defined and understood.

Which of the following is NOT one of the organizational perspectives viewed from the balanced scorecard approach?

The first step in stakeholder analysis is to correctly identify the stakeholders.

Project control is the process that controls any and all changes made to a project after the charter has been signed.

The two basic types of project selection models are:

The ________ is a formal document that outlines an organization's 3- to 5-year mission, vision, goals, objectives, and strategies.

Describe the relationship between strategic planning and information technology.

The project charter is the first work product that is placed under configuration control.