Exam 4: Project Initiation

All stakeholders need to agree upon the requirements before the start of the project.

Posterior probability is the probability that an event will reflect established beliefs about the event before the arrival of new evidence or information.

A process used in prototyping to collect requirements while developing new information systems for a company best defines

A sample or a model built usually to test a concept,a process,a system,or a product best defines

The amount of time a project will take to recuperate its investments best defines

Requirements gathering documents should provide initial solutions to a problem.

When recruiting effective project managers,what five challenges might an organization face?

According to Wheelwright and Clark,which of the following project types involve significant changes to existing products,systems,services,and processes?

NPV is the result of cash flow divided by the cost of the project.

Which of the following is the return or discount rate that makes NPV = 0?

Models for project selection and prioritization include

Personal characteristics of a project manager include

Generally speaking,the IRR should be lower than the hurdle rate.

A table captured to map all the requirements of all stakeholders in order to track them until the project is complete best defines

Identify three categories of project manager characteristics.For each category,provide two examples.

Attributes of a project manager include

Define project scope.What does the scope document contain?

Stakeholders include

The ability to plan projects effectively is an attribute of a project manager.

The ability to present outcomes effectively is a professional characteristic of a project manager.