Exam 5: Initiating and Planning Systems Development Projects

Cost reduction and avoidance,error reduction,and increased flexibility are examples of:

The objective of the project planning process is:

The major outcomes and deliverables from project initiation and planning are the Baseline Project Plan and the Project Scope Statement.

At a walkthrough meeting,the person who reviews the work product in terms of future maintenance activities is referred to as the:

Using a discount rate of 14%,the present value of a $10,000 benefit received 5 years from now is $5,500.49.

The project initiation and planning process for an Internet-based electronic commerce application is similar to the process followed for other applications.

________ is the process of assessing the degree to which the potential time frame and completion dates for all major activities within a project meet organizational deadlines and constraints for affecting change.

Referencing the Management Issues section of the Baseline Project Plan,the communication plan provides a description of the team member roles and reporting relationships.

All information collected during project initiation and planning is collected and organized into a document called the Baseline Project Plan.

________ uses a discount rate determined from the company's cost of capital to establish the present value of the project.

An ________ is a cost associated with an information system that cannot be easily measured in terms of dollars or with certainty.

Using a discount rate of 10%,the present value of a $2,500 benefit received 5 years from now is $1,552.30.

Fulfillment feasibility is the process of assessing the development organization's ability to construct a proposed system.

Which of the following is not an element of project initiation?

________ is the process of assessing the development organization's ability to construct a proposed system.

Describe the differences between tangible and intangible benefits and costs,and between one-time and recurring benefits and costs.

Because many projects may be competing for the same investment dollars and may have different useful life expectancies,all costs and benefits must be viewed in relation to their present rather than future value when comparing investment options.

________ is the process of assessing potential legal and contractual ramifications due to the construction of a system.

During project initiation and planning,potential tangible benefits may have to be considered intangible.

The Project Scope Statement can be used as the basis of a formal contractual agreement outlining firm deadlines,costs,and specifications.