Exam 4: Project Integration Management

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_____ is a technique that uses branches radiating from a core idea to structure thoughts and ideas.

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Mind mapping

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.

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True

_____ 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.

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B

_____ involves working with stakeholders to create the document that formally authorizes a project.

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An annual discount factor is a multiplier for each year based on the discount rate and year.

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Benefits minus costs is known as the _____.

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The _____ is the minimum acceptable rate of return on an investment.

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What is a project charter? Discuss the inputs that can aid the development of a project charter.

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

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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.

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The first step in the planning process is _____.

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Interface management involves identifying and managing the points of interaction between various elements of a project.

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_____ involves determining long-term objectives by analyzing the strengths and weaknesses, studying opportunities and threats, predicting future trends, and projecting the need for new products and services.

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_____ refer to undesirable situations that prevent an organization from achieving its goals.

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An organization should consider only projects with a negative NPV if financial value is a key criterion for project selection.

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The ROI is always positive.

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The _____ section of the project management plan describes how to monitor project progress and handle changes.

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_____ involves identifying and controlling the functional and physical design characteristics of products and their support documentation, and ensures that the descriptions of the project's products are correct and complete.

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

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Which of the following is true of return on investment or ROI?

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