Question 1

A project ________ model is a simplified representation of project characteristics.

Accepted Answer

A)  selection 
B)  management 
C)  simulation 
D)  portfolio 
A)  selection 
B)  management 
C)  simulation 
D)  portfolio

Question 2

Sacred cow decisions are made because someone really wants a particular project done.

Accepted Answer

A) True 
 B)False

Question 3

Finding an IRR solution involves trial and error: You keep plugging in different discount rates and see which one drives NPV to zero.

Accepted Answer

A) True 
 B)False

Question 4

To get projects approved, IT managers must learn to align their projects with the company's ________.

Accepted Answer

A)  finances 
B)  resources 
C)  strategic direction 
D)  executives 
A)  finances 
B)  resources 
C)  strategic direction 
D)  executives

Question 5

Which of the following is NOT a quantitative method used in project selection?

Accepted Answer

A)  Estimated project cost 
B)  Return on investment 
C)  Net present value 
D)  Internal rate of return 
A)  Estimated project cost 
B)  Return on investment 
C)  Net present value 
D)  Internal rate of return

Question 6

Explain weighted scoring model.

Accepted Answer

The WSM is a culmination of all the othe

Question 7

The payback period ignores the ________ value of money but offers a glimpse at the potential risk associated with a project.

Accepted Answer

A)  real 
B)  invested 
C)  future 
D)  time 
A)  real 
B)  invested 
C)  future 
D)  time

Question 8

________ is a method of calculating the net monetary gain or loss from and investment (project) by discounting all future costs and benefits to the present time.

Accepted Answer

A)  Internal rate of return 
B)  Payback period 
C)  Net present value 
D)  Return on investment 
A)  Internal rate of return 
B)  Payback period 
C)  Net present value 
D)  Return on investment

Question 9

Andriole (2001) has identified four key issues that must be considered in order to understand the bigger organizational picture in which IT projects play a role. List and describe those four key issues.

Accepted Answer

Business Value - IT project managers mus

Question 10

SWOT stands for ________.

Accepted Answer

A)  strengths, weaknesses, opportunities, threats 
B)  strengths, weaknesses, opportunities, tactics 
C)  strategy, works in progress, opportunities, threats 
D)  strengths, weaknesses, organizational strategy, threats 
A)  strengths, weaknesses, opportunities, threats 
B)  strengths, weaknesses, opportunities, tactics 
C)  strategy, works in progress, opportunities, threats 
D)  strengths, weaknesses, organizational strategy, threats

Question 11

Organizations need to follow a formal structured, repeatable process in selecting projects to ensure that they are working on the best mix of projects to match their current economic and strategic situation.

Accepted Answer

A) True 
 B)False

Question 12

In the balanced scorecard approach, the organization needs to develop metrics, collect data relative to the business perspectives, and analyze the data.

Accepted Answer

A) True 
 B)False

Question 13

To evaluate different investments or projects equally, you evaluate the present value of each investment. This is called discounting future values to present, or discounted cash flows.

Accepted Answer

A) True 
 B)False

Question 14

Which of the following is NOT one of the steps of stakeholder analysis?

Accepted Answer

A)  Identify all potential stakeholders. 
B)  Determine interests, expectations, and influence for each stakeholder. 
C)  Assign anonymous name to each stakeholder. 
D)  Build a stakeholder assessment matrix. 
A)  Identify all potential stakeholders. 
B)  Determine interests, expectations, and influence for each stakeholder. 
C)  Assign anonymous name to each stakeholder. 
D)  Build a stakeholder assessment matrix.

Question 15

________ options allows an organization to value IT projects in a manner similar to the way we value stock options.

Accepted Answer

A)  Real 
B)  Project 
C)  Future 
D)  Strategic 
A)  Real 
B)  Project 
C)  Future 
D)  Strategic

Question 16

Which of the following is NOT a benefit of IT project portfolio management?

Accepted Answer

A)  Capability to identify redundancies 
B)  Capability to allocate resources across all projects appropriately 
C)  Capability to monitor project progress 
D)  Capability to control project managers 
A)  Capability to identify redundancies 
B)  Capability to allocate resources across all projects appropriately 
C)  Capability to monitor project progress 
D)  Capability to control project managers

Question 17

The business case should be developed by the project manager alone.

Accepted Answer

A) True 
 B)False

Question 18

Define ROI and how it is calculated.

Accepted Answer

ROI provides the percentage re

Question 19

The payback period ignores the time value of money.

Accepted Answer

A) True 
 B)False

Question 20

A(n) ________ analysis identifies the influence and interests of the various stakeholders and documents their needs, wants, and expectations.

Accepted Answer

A)  stakeholder 
B)  executive 
C)  project 
D)  strategic 
A)  stakeholder 
B)  executive 
C)  project 
D)  strategic

A project ________ model is a simplified representation of project characteristics.

Sacred cow decisions are made because someone really wants a particular project done.

Finding an IRR solution involves trial and error: You keep plugging in different discount rates and see which one drives NPV to zero.

To get projects approved, IT managers must learn to align their projects with the company's ________.

Which of the following is NOT a quantitative method used in project selection?

Explain weighted scoring model.

The payback period ignores the ________ value of money but offers a glimpse at the potential risk associated with a project.

________ is a method of calculating the net monetary gain or loss from and investment (project) by discounting all future costs and benefits to the present time.

Andriole (2001) has identified four key issues that must be considered in order to understand the bigger organizational picture in which IT projects play a role. List and describe those four key issues.

SWOT stands for ________.

Organizations need to follow a formal structured, repeatable process in selecting projects to ensure that they are working on the best mix of projects to match their current economic and strategic situation.

In the balanced scorecard approach, the organization needs to develop metrics, collect data relative to the business perspectives, and analyze the data.

To evaluate different investments or projects equally, you evaluate the present value of each investment. This is called discounting future values to present, or discounted cash flows.

Which of the following is NOT one of the steps of stakeholder analysis?

________ options allows an organization to value IT projects in a manner similar to the way we value stock options.

Which of the following is NOT a benefit of IT project portfolio management?

The business case should be developed by the project manager alone.

Define ROI and how it is calculated.

The payback period ignores the time value of money.

A(n) ________ analysis identifies the influence and interests of the various stakeholders and documents their needs, wants, and expectations.

Introduction to Project Management

A Systems View and Systems Methodology

The Project Management Framework

Project Scope and Human Resource Planning

Project Time and Cost Planning

Project Quality and Communications Planning

Project Risk Management Planning

Project Procurement Planning

Project Execution

Project Monitoring and Control, Part I

Project Monitoring and Control, Part II

Project Closure

Advanced Topics in Project Management

Filters

Exam 4: Project Initiation

A project ________ model is a simplified representation of project characteristics.

Sacred cow decisions are made because someone really wants a particular project done.

Finding an IRR solution involves trial and error: You keep plugging in different discount rates and see which one drives NPV to zero.

To get projects approved, IT managers must learn to align their projects with the company's ________.

Which of the following is NOT a quantitative method used in project selection?

Explain weighted scoring model.

The payback period ignores the ________ value of money but offers a glimpse at the potential risk associated with a project.

________ is a method of calculating the net monetary gain or loss from and investment (project) by discounting all future costs and benefits to the present time.

Andriole (2001) has identified four key issues that must be considered in order to understand the bigger organizational picture in which IT projects play a role. List and describe those four key issues.

SWOT stands for ________.

Organizations need to follow a formal structured, repeatable process in selecting projects to ensure that they are working on the best mix of projects to match their current economic and strategic situation.

In the balanced scorecard approach, the organization needs to develop metrics, collect data relative to the business perspectives, and analyze the data.

To evaluate different investments or projects equally, you evaluate the present value of each investment. This is called discounting future values to present, or discounted cash flows.

Which of the following is NOT one of the steps of stakeholder analysis?

________ options allows an organization to value IT projects in a manner similar to the way we value stock options.

Which of the following is NOT a benefit of IT project portfolio management?

The business case should be developed by the project manager alone.

Define ROI and how it is calculated.

The payback period ignores the time value of money.

A(n) ________ analysis identifies the influence and interests of the various stakeholders and documents their needs, wants, and expectations.

Introduction to Project Management

A Systems View and Systems Methodology

The Project Management Framework

Project Scope and Human Resource Planning

Project Time and Cost Planning

Project Quality and Communications Planning

Project Risk Management Planning

Project Procurement Planning

Project Execution

Project Monitoring and Control, Part I

Project Monitoring and Control, Part II

Project Closure

Advanced Topics in Project Management

Filters