Question 1

A business case is a deliverable that documents the project's goal, as well as several alternatives or options.

Accepted Answer

A) True 
 B)False  True

Question 2

The total cost of ownership (TCO) includes only the direct or up-front costs and ongoing expenditures.

Accepted Answer

A) True 
 B)False  False

Question 3

For the sake of efficiency and unity of purpose and direction, it is usually advisable to have the project manager take sole responsibility for developing the business case.

Accepted Answer

A) True 
 B)False  False

Question 4

A project that provided cleaner air would impact the _____area of an organization.

Accepted Answer

A)  strategic 
B)  customer 
C)  financial 
D)  operational 
E)  social 
A)  strategic 
B)  customer 
C)  financial 
D)  operational 
E)  social

Question 5

Evaluating the feasibility of an alternative in terms of the funds and resources available to support a project for the organization is a measure of _____.

Accepted Answer

A)  organizational feasibility 
B)  technical feasibility 
C)  economic feasibility 
D)  legal feasibility 
E)  ethical feasibility 
A)  organizational feasibility 
B)  technical feasibility 
C)  economic feasibility 
D)  legal feasibility 
E)  ethical feasibility

Question 6

What is the purpose of a Business Case and what are the characteristics of a good Business Case?

Accepted Answer

The purpose of a Business Case is to pro

Question 7

There are numerous financial models for analyzing the benefits from a project.Among those models discussed in the chapter are: payback, breakeven, return on investment (ROI), net present value (NPV), and scoring models. What are the strengths and weaknesses of each approach to analyzing value?

Accepted Answer

Payback: 
Strengths: Payback is a simple

Question 8

Which of the following statements about the business case is NOT true:

Accepted Answer

A)  A business case provides an analysis of feasibility 
B)  A business case provides senior management with sufficient information to fund a project. 
C)  A business case provides details of possible impacts, costs and benefits. 
D)  A business case provides a project budget. 
E)  A business case may be a large, formal document. 
A)  A business case provides an analysis of feasibility 
B)  A business case provides senior management with sufficient information to fund a project. 
C)  A business case provides details of possible impacts, costs and benefits. 
D)  A business case provides a project budget. 
E)  A business case may be a large, formal document.

Question 9

Describe the criteria that should be used to make a project selection decision.

Accepted Answer

The decision to approve an IT project re

Question 10

Trying to decide between three alternatives, a company employed a scoring model.Three criteria were chosen.Criteria A was believed to be the most important and so was given a weight of 50%.The other two were deemed to be equal to each other in importance.A relative scoring range of 0 to 10 was used.The table below shows each alternative and their scores.Which alternative should the company choose?

Accepted Answer

A)  Choose alternative A 
B)  Choose alternative B 
C)  Choose alternative C 
D)  Choose either alternative A or B 
E)  Choose either alternative A or C 
A)  Choose alternative A 
B)  Choose alternative B 
C)  Choose alternative C 
D)  Choose either alternative A or B 
E)  Choose either alternative A or C

Question 11

A scoring model can combine both qualitative items reflected in the weights and scores that are based on people's judgments.

Accepted Answer

A) True 
 B)False

Question 12

Why is it important that the MOV provide value to the organization?

Accepted Answer

Time and resources should not be devoted

Question 13

Scope and schedule are examples of:

Accepted Answer

A)  Project Management processes. 
B)  Project Management tools. 
C)  PMBOK areas of knowledge 
D)  Project Management objectives 
E)  Project Management infrastructure. 
A)  Project Management processes. 
B)  Project Management tools. 
C)  PMBOK areas of knowledge 
D)  Project Management objectives 
E)  Project Management infrastructure.

Question 14

What is Measurable Organizational Value (MOV) and what are the four major characteristics of a good MOV?

Accepted Answer

Measurable Organizational Value (MOV) is

Question 15

Which of the following was NOT given as a reason for recruiting a core team to develop the business case?

Accepted Answer

A)  enhanced credibility 
B)  alignment with organizational goals 
C)  access to real costs 
D)  early identification of project team. 
E)  shared sense of ownership 
A)  enhanced credibility 
B)  alignment with organizational goals 
C)  access to real costs 
D)  early identification of project team. 
E)  shared sense of ownership

Question 16

Evaluating the feasibility of an alternative in terms of the funds and resources available to support a project for the organization is a measure of _____.

Accepted Answer

A)  organizational feasibility 
B)  technical feasibility 
C)  economic feasibility 
D)  legal feasibility 
E)  ethical feasibility 
A)  organizational feasibility 
B)  technical feasibility 
C)  economic feasibility 
D)  legal feasibility 
E)  ethical feasibility

Question 17

Why must stakeholders agree on the project's MOV?

Accepted Answer

A clear and agreed upon MOV sets expecta

Question 18

The MOV should be adjusted at each phase of a project to align with the realities of project execution.

Accepted Answer

A) True 
 B)False

Question 19

A project that increased profits would impact the _____area of an organization.

Accepted Answer

A)  strategic 
B)  customer 
C)  financial 
D)  operational 
E)  social 
A)  strategic 
B)  customer 
C)  financial 
D)  operational 
E)  social

Question 20

Which of the following statements is the best indicator that the new software project was successful.

Accepted Answer

A)  The project's product, a software system, was enthusiastically accepted by 100% of the end users who were able to begin using it after completing only a one-day training session. 
B)  The project's product, a software system, was a week late and 2% over budget, but six months later was found to have met the company's goal of reducing service callbacks by 15%. 
C)  The project's product, a software system, was completed two weeks ahead of time freeing up the entire development team to begin work on other projects. 
D)  The project's product, a software system, was completed right on schedule and was delivered $10,000 under the $100,000 budget allocation. 
E)  The project's product, a software system, was completed on time and on budget and was tested and shown to be 100% bug-free. 
A)  The project's product, a software system, was enthusiastically accepted by 100% of the end users who were able to begin using it after completing only a one-day training session. 
B)  The project's product, a software system, was a week late and 2% over budget, but six months later was found to have met the company's goal of reducing service callbacks by 15%. 
C)  The project's product, a software system, was completed two weeks ahead of time freeing up the entire development team to begin work on other projects. 
D)  The project's product, a software system, was completed right on schedule and was delivered $10,000 under the $100,000 budget allocation. 
E)  The project's product, a software system, was completed on time and on budget and was tested and shown to be 100% bug-free.

A business case is a deliverable that documents the project's goal, as well as several alternatives or options.

The total cost of ownership (TCO) includes only the direct or up-front costs and ongoing expenditures.

For the sake of efficiency and unity of purpose and direction, it is usually advisable to have the project manager take sole responsibility for developing the business case.

A project that provided cleaner air would impact the _____area of an organization.

Evaluating the feasibility of an alternative in terms of the funds and resources available to support a project for the organization is a measure of _____.

What is the purpose of a Business Case and what are the characteristics of a good Business Case?

There are numerous financial models for analyzing the benefits from a project.Among those models discussed in the chapter are: payback, breakeven, return on investment (ROI), net present value (NPV), and scoring models. What are the strengths and weaknesses of each approach to analyzing value?

Which of the following statements about the business case is NOT true:

Describe the criteria that should be used to make a project selection decision.

A scoring model can combine both qualitative items reflected in the weights and scores that are based on people's judgments.

Why is it important that the MOV provide value to the organization?

Scope and schedule are examples of:

What is Measurable Organizational Value (MOV) and what are the four major characteristics of a good MOV?

Which of the following was NOT given as a reason for recruiting a core team to develop the business case?

Evaluating the feasibility of an alternative in terms of the funds and resources available to support a project for the organization is a measure of _____.

Why must stakeholders agree on the project's MOV?

The MOV should be adjusted at each phase of a project to align with the realities of project execution.

A project that increased profits would impact the _____area of an organization.

Which of the following statements is the best indicator that the new software project was successful.

The Nature of Information Technology Projects

Project Methodologies and Processes

Project Planning: the Project Infrastructure

Project Planning: Scope and the Work Breakdown Structure

The Work Breakdown Structure and Project Estimation

Managing Project Risk

Managing Project Stakeholders and Communication

Managing Project Quality

Leading the Project Team

Managing Organizational Change, Resistance, and Conflict

Project Completion

Filters

Exam 3: Measurable Organizational Value and the Business Case

A business case is a deliverable that documents the project's goal, as well as several alternatives or options.

The total cost of ownership (TCO) includes only the direct or up-front costs and ongoing expenditures.

For the sake of efficiency and unity of purpose and direction, it is usually advisable to have the project manager take sole responsibility for developing the business case.

A project that provided cleaner air would impact the _____area of an organization.

Evaluating the feasibility of an alternative in terms of the funds and resources available to support a project for the organization is a measure of _____.

What is the purpose of a Business Case and what are the characteristics of a good Business Case?

There are numerous financial models for analyzing the benefits from a project.Among those models discussed in the chapter are: payback, breakeven, return on investment (ROI), net present value (NPV), and scoring models. What are the strengths and weaknesses of each approach to analyzing value?

Which of the following statements about the business case is NOT true:

Describe the criteria that should be used to make a project selection decision.

A scoring model can combine both qualitative items reflected in the weights and scores that are based on people's judgments.

Why is it important that the MOV provide value to the organization?

Scope and schedule are examples of:

What is Measurable Organizational Value (MOV) and what are the four major characteristics of a good MOV?

Which of the following was NOT given as a reason for recruiting a core team to develop the business case?

Evaluating the feasibility of an alternative in terms of the funds and resources available to support a project for the organization is a measure of _____.

Why must stakeholders agree on the project's MOV?

The MOV should be adjusted at each phase of a project to align with the realities of project execution.

A project that increased profits would impact the _____area of an organization.

Which of the following statements is the best indicator that the new software project was successful.

The Nature of Information Technology Projects

Project Methodologies and Processes

Project Planning: the Project Infrastructure

Project Planning: Scope and the Work Breakdown Structure

The Work Breakdown Structure and Project Estimation

Managing Project Risk

Managing Project Stakeholders and Communication

Managing Project Quality

Leading the Project Team

Managing Organizational Change, Resistance, and Conflict

Project Completion

Filters