Exam 2: Project Management

There are two methods for estimating the time required to build a system: industry standards based on the planning phase time and the more complex three-step process. Compare and contrast the two methods. What are the advantages and disadvantages for each?

The process of assigning values for the time and effort needed to perform a system project is called _____.

A 20% increase in sales volume is a tangible benefit that can be included in a cost-benefit analysis.

Kelly Smith, the vice president of marketing, has provided resources and political support for the new production management information system. She has acted as the project manager for the project.

Adding people to a project team in order to speed up total development time _____.

Using typical industry standards for estimating project time schedules, the estimated analysis phase would be 10 person-months for a systems project where the planning phase was completed in 7.5 person-months.

A technical lead manages a group of analysts.

In order to approve a system request, the approval committee must know

The most common reason for schedule and cost overruns that surface after the project is underway is scope creep.

Staffing plan that lists the roles and the proposed reporting structure that are required for the project. Typically, a project will have one _____________, who oversees the overall progress of the development effort, with the core of the team comprising the various types of analysts.

Diane needs to create a work plan for an upcoming systems project. She must first _____.

What can be done when the skills needed for a project are not found in the staff that is available for the project?

The return on investment (ROI) should be used as the sole indicator of a project's worth because it considers the end points of the investment, not the cash flow in between.

The project charter describes the qualifications of the people who will work on a project and the reporting structure of the project team.

Compare and contrast the Cash Flow, Return on Investment, and Net Present Value methods of assessing a project's economic feasibility.

Project initiation begins when the project sponsor identifies business value that can be gained by using information technology.

Suppose a proposed new financial reporting system for the AMF Biotech Corporation must be completed by the start of the next fiscal year in order to comply with new government regulations. This information should be included as part of the ____________ section of the system request.

Michelle has decided to use a shortcut to determine the complexity of the project she is currently managing. She has assigned the adjusted project complexity (PCA) a value of .65. She has determined that her project is _____.

The traditional Work Breakdown Structure makes it easy to compare the current project with past projects.

What is the difference between upper CASE (computer- aided software engineering) and lower CASE?