Exam 14: Managing Projects

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Describe the process of portfolio analysis. In what situations is this evaluation method useful?

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Portfolio analysis inventories all of the organization's information systems projects and assets, including infrastructure, outsourcing contracts, and licenses. Each project can be described as having a profile of risk and benefit to the firm, similar to the financial portfolio. In a portfolio analysis, you would list the various systems projects and rate them according to their potential risks and benefits. You would use the portfolio analysis to determine which potential projects should be pursued and which should be modified or abandoned. High-risk, low-benefit projects should be avoided, while low-risk, high-benefit projects would be at the top of the list. High-benefit, high-risk projects and low-risk, low-benefit projects would be reexamined to see if they could be modified to better fit with the company's strategic plans. A mix of profiles could also be defined as acceptable in terms of the company's overall plans, much as is done with a financial portfolio.

The design of jobs, health issues, and the end-user interface of information systems are all considerations in the field of ergonomics.

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Which of the following statements best describes the effect that project structure has on overall project risk?

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The larger the systems project, the more risk the project runs in terms of being completed on time, within budget, and according to project requirements.

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You have been hired to implement an enterprise system that will automate much of the billing and accounting work for a statewide HVAC services company. Which of the following would you prepare to describe how the new system will affect a firm's structure and operations?

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You are working as a project manager for a small IT consulting firm and have been asked to create a plan for reviewing and auditing completed projects in order to gauge their success. What factors will you use to measure the success of a project? What questions would you ask in order to understand why a project succeeded or failed?

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More timely information is a tangible benefit of information systems.

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Counterimplementation refers to a deliberate strategy to thwart the implementation of an information system or an innovation in an organization.

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Which of the following is not one of the five main variables affecting project success?

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Scoring models are used most commonly to support decisions rather than as the final arbiters of system selection.

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________ methods rely on measures of cash flows into and out of the firm.

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The project risk will rise if the project team and the IS staff lack

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In using a portfolio analysis to determine which IT projects to pursue, you would

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Which of the following is not an organizational factor in systems planning and implementation?

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Which of the following tools would you use to control risk factors in an information systems project?

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As discussed in the chapter, which of the following is not one of the immediate consequences of inadequate software project management?

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Describe the elements of a management structure for information systems projects in a large corporation.

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According to your reading of the chapter, change management is a process that

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Which of the following types of projects is most likely to fail?

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The central method used in a portfolio analysis is to

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