Exam 4: Project Integration Management

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The _____ section of the project management plan describes specific methodologies a project might use and explains how to document information.

(Multiple Choice)
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_____ should result in improvements in project performance.

(Multiple Choice)
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Some organizations initiate projects using a contract in place of a project charter.

(True/False)
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A(n) _____ is a formal group of people responsible for approving or rejecting changes to a project.

(Short Answer)
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_____ analysis is a method of calculating the expected net monetary gain or loss from a project by discounting all expected future cash inflows and outflows to the present point in time.

(Short Answer)
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The ROI is always positive.

(True/False)
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What is integrated change control? What are the main objectives of integrated change control?

(Essay)
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_____ is the result of subtracting the project costs from the benefits and then dividing by the costs.

(Short Answer)
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Payback period is the amount of time it will take to recoup, in the form of net cash inflows, the total dollars invested in a project.

(True/False)
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It is necessary that IT project managers have prior technical experience in creating and managing IT products.

(True/False)
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What is a project charter? Discuss the inputs that can aid the development of a project charter.

(Essay)
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In project integration management, directing and managing project execution involves carrying out the project management plan by performing the activities included in it.

(True/False)
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_____ are new requirements imposed by management, government, or some external influence.

(Multiple Choice)
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A positive NPV means the return from a project exceeds the _____, the return available by investing the capital elsewhere.

(Short Answer)
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A SWOT analysis, being a linear process, cannot be performed using the nonlinear mind mapping technique.

(True/False)
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_____ involves identifying, evaluating, and managing changes throughout the project life cycle.

(Short Answer)
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A(n) _____ is a methodology that converts value drivers, such as customer service, innovation, operational efficiency, and financial performance, to a series of defined metrics.

(Short Answer)
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Projects that arise as a result of problems and directives must be resolved quickly to avoid hurting an organization's business.

(True/False)
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A project's internal rate of return can be determined by finding what discount rate results in an NPV of _____ for the project.

(Multiple Choice)
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Organizational process asset updates are an important output of the closing process of a project.

(True/False)
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