Question 1

The financial services sector has been compelled by strict international anti-money-laundering (AML)guidelines that require firms to know your customer (KYC).

Accepted Answer

A) True 
 B)False  True

Question 2

Except in extreme cases,the evaluation of success or failure is ________ because time and cost to complete the project are _________.

Accepted Answer

A) Subjective;estimates 
B) Done by the project manager;fixed 
C) Objective;inflexible 
D) Done by the project team;set by them 
A) Subjective;estimates 
B) Done by the project manager;fixed 
C) Objective;inflexible 
D) Done by the project team;set by them A

Question 3

The money already spent on the project,or sunk costs,should be considered in the decision to kill a project that is out of control.

Accepted Answer

A) True 
 B)False  False

Question 4

________ should not be considered in the decision to kill a project.

Accepted Answer

A) Completed deliverables 
B) Project scope 
C) Sunk costs 
D) SOW 
A) Completed deliverables 
B) Project scope 
C) Sunk costs 
D) SOW

Question 5

Postproject reviews,or _________,identify the reasons the project was successful or not,strengths and weaknesses of the project plan,how problems were detected and resolved,and how the project was successful in spite of them

Accepted Answer

The answer of Postproject reviews,or _________,identify the reasons the project...

Question 6

Which of the following issues about the SDLC methodology is false?

Accepted Answer

A) Requirements analysis is critical to the success of the project. 
B) System development practitioners agree that the more time invested in analyzing the current system and understanding problems that are likely to occur during system development,the greater the probability that the IS will be a success 
C) The requirements study determines the probability of success of the proposed project. 
D) Testing verifies that apps,interfaces,data transfers,and so on,work correctly under all possible conditions. 
A) Requirements analysis is critical to the success of the project. 
B) System development practitioners agree that the more time invested in analyzing the current system and understanding problems that are likely to occur during system development,the greater the probability that the IS will be a success 
C) The requirements study determines the probability of success of the proposed project. 
D) Testing verifies that apps,interfaces,data transfers,and so on,work correctly under all possible conditions.

Question 7

The system development life cycle (SDLC)is the traditional system development method for large IT projects,such as IT infrastructure or an enterprise system.

Accepted Answer

A) True 
 B)False

Question 8

Monitoring and control processes should occur _________ while the project work is being executed.

Accepted Answer

A) weekly or bi-weekly 
B) continuously and continually 
C) monthly 
D) at each milestone 
A) weekly or bi-weekly 
B) continuously and continually 
C) monthly 
D) at each milestone

Question 9

A responsibility matrix shows who has primary responsibility and who has support responsibility for the activities listed in the WBS.

Accepted Answer

A) True 
 B)False

Question 10

Monitoring and control processes are intended to occur weekly while the project work is being executed.

Accepted Answer

A) True 
 B)False

Question 11

Project ________ depends on prompt and candid feedback from the project team,while ________ depends on systems and decision rules for managing variances between the project's scope,cost,and schedule.

Accepted Answer

A) Monitoring;control 
B) Management;monitoring 
C) Critical path;scope creep 
D) Timeline;baseline 
A) Monitoring;control 
B) Management;monitoring 
C) Critical path;scope creep 
D) Timeline;baseline

Question 12

During the systems investigation stage,__________ studies are done to assess the skills and the training needed to use the new system.

Accepted Answer

A) Economic feasibility 
B) Technical feasibility 
C) Organizational feasibility 
D) Behavioral feasibility 
A) Economic feasibility 
B) Technical feasibility 
C) Organizational feasibility 
D) Behavioral feasibility

Question 13

Projects start with an idea that is explained in a business case.If the business case is accepted,a work breakdown structure (WBS)is prepared.

Accepted Answer

A) True 
 B)False

Question 14

The financial services sector has been compelled by strict international anti-money-laundering (AML)guidelines that require firms to _________.

Accepted Answer

A) know your customer 
B) implement master data management 
C) adhere to project portfolio management 
D) demonstrate data consistency and accuracy 
A) know your customer 
B) implement master data management 
C) adhere to project portfolio management 
D) demonstrate data consistency and accuracy

Question 15

Calculating economic feasibility in IT projects is straightforward because it is done using standard financial techniques--ROI,NPV,and breakeven analysis.

Accepted Answer

A) True 
 B)False

Question 16

__________ conversion is the least expensive and highest risk IS conversion strategy because the old system is cut off and the new system is turned on at a certain point in time.

Accepted Answer

A) Parallel 
B) Direct 
C) Pilot 
D) Phased 
A) Parallel 
B) Direct 
C) Pilot 
D) Phased

Question 17

Critical path is the ________ path of tasks through a project,as shown on a Gantt chart.

Accepted Answer

A) most complex 
B) first 
C) longest 
D) shortest 
A) most complex 
B) first 
C) longest 
D) shortest

Question 18

Controls help to prevent ________,which refer to system development projects that are so far over budget and past deadline that they must be abandoned,typically with large monetary loss.

Accepted Answer

A) Deficient critical paths 
B) runaway projects 
C) scope creep 
D) missed deadlines 
A) Deficient critical paths 
B) runaway projects 
C) scope creep 
D) missed deadlines

Question 19

__________ determines if the required technology,IT infrastructure,data structures,analytics,and resources can be developed and/or acquired to solve the business problem.

Accepted Answer

Technical

Question 20

Scope creep is the piling up of numerous small delays that by themselves may be manageable,but in aggregate are significant.

Accepted Answer

A) True 
 B)False

The financial services sector has been compelled by strict international anti-money-laundering (AML)guidelines that require firms to know your customer (KYC).

Except in extreme cases,the evaluation of success or failure is because time and cost to complete the project are _.

The money already spent on the project,or sunk costs,should be considered in the decision to kill a project that is out of control.

________ should not be considered in the decision to kill a project.

Postproject reviews,or _________,identify the reasons the project was successful or not,strengths and weaknesses of the project plan,how problems were detected and resolved,and how the project was successful in spite of them

Which of the following issues about the SDLC methodology is false?

The system development life cycle (SDLC)is the traditional system development method for large IT projects,such as IT infrastructure or an enterprise system.

Monitoring and control processes should occur _________ while the project work is being executed.

A responsibility matrix shows who has primary responsibility and who has support responsibility for the activities listed in the WBS.

Monitoring and control processes are intended to occur weekly while the project work is being executed.

Project depends on prompt and candid feedback from the project team,while depends on systems and decision rules for managing variances between the project's scope,cost,and schedule.

During the systems investigation stage,__________ studies are done to assess the skills and the training needed to use the new system.

Projects start with an idea that is explained in a business case.If the business case is accepted,a work breakdown structure (WBS)is prepared.

The financial services sector has been compelled by strict international anti-money-laundering (AML)guidelines that require firms to _________.

Calculating economic feasibility in IT projects is straightforward because it is done using standard financial techniques--ROI,NPV,and breakeven analysis.

__________ conversion is the least expensive and highest risk IS conversion strategy because the old system is cut off and the new system is turned on at a certain point in time.

Critical path is the ________ path of tasks through a project,as shown on a Gantt chart.

Controls help to prevent ________,which refer to system development projects that are so far over budget and past deadline that they must be abandoned,typically with large monetary loss.

__________ determines if the required technology,IT infrastructure,data structures,analytics,and resources can be developed and/or acquired to solve the business problem.

Scope creep is the piling up of numerous small delays that by themselves may be manageable,but in aggregate are significant.

Doing Business in Digital Times

Data Governance and IT Architecture Support Long-Term Performance

Data Management, Big Data Analytics, and Records Management

Networks for Efficient Operations and Sustainability

Cybersecurity and Risk Management

Attracting Buyers With Search, Semantic, and Recommendation Technology

Mobile Technologies and Commerce

Retail, E-Commerce, and Mobile Commerce Technology

Effective and Efficient Business Functions

Strategic Technology and Enterprise Systems

Data Visualization and Geographic Information Systems

IT Strategy and Balanced Scorecard

Ethical Risks and Responsibilities of IT Innovations

Filters

Exam 13: Project Management and SDLC

The financial services sector has been compelled by strict international anti-money-laundering (AML)guidelines that require firms to know your customer (KYC).

Except in extreme cases,the evaluation of success or failure is ________ because time and cost to complete the project are _________.

The money already spent on the project,or sunk costs,should be considered in the decision to kill a project that is out of control.

________ should not be considered in the decision to kill a project.

Postproject reviews,or _________,identify the reasons the project was successful or not,strengths and weaknesses of the project plan,how problems were detected and resolved,and how the project was successful in spite of them

Which of the following issues about the SDLC methodology is false?

The system development life cycle (SDLC)is the traditional system development method for large IT projects,such as IT infrastructure or an enterprise system.

Monitoring and control processes should occur _________ while the project work is being executed.

A responsibility matrix shows who has primary responsibility and who has support responsibility for the activities listed in the WBS.

Monitoring and control processes are intended to occur weekly while the project work is being executed.

Project ________ depends on prompt and candid feedback from the project team,while ________ depends on systems and decision rules for managing variances between the project's scope,cost,and schedule.

During the systems investigation stage,__________ studies are done to assess the skills and the training needed to use the new system.

Projects start with an idea that is explained in a business case.If the business case is accepted,a work breakdown structure (WBS)is prepared.

The financial services sector has been compelled by strict international anti-money-laundering (AML)guidelines that require firms to _________.

Calculating economic feasibility in IT projects is straightforward because it is done using standard financial techniques--ROI,NPV,and breakeven analysis.

__________ conversion is the least expensive and highest risk IS conversion strategy because the old system is cut off and the new system is turned on at a certain point in time.

Critical path is the ________ path of tasks through a project,as shown on a Gantt chart.

Controls help to prevent ________,which refer to system development projects that are so far over budget and past deadline that they must be abandoned,typically with large monetary loss.

__________ determines if the required technology,IT infrastructure,data structures,analytics,and resources can be developed and/or acquired to solve the business problem.

Scope creep is the piling up of numerous small delays that by themselves may be manageable,but in aggregate are significant.

Doing Business in Digital Times

Data Governance and IT Architecture Support Long-Term Performance

Data Management, Big Data Analytics, and Records Management

Networks for Efficient Operations and Sustainability

Cybersecurity and Risk Management

Attracting Buyers With Search, Semantic, and Recommendation Technology

Mobile Technologies and Commerce

Retail, E-Commerce, and Mobile Commerce Technology

Effective and Efficient Business Functions

Strategic Technology and Enterprise Systems

Data Visualization and Geographic Information Systems

IT Strategy and Balanced Scorecard

Ethical Risks and Responsibilities of IT Innovations

Filters

Except in extreme cases,the evaluation of success or failure is because time and cost to complete the project are _.

Project depends on prompt and candid feedback from the project team,while depends on systems and decision rules for managing variances between the project's scope,cost,and schedule.