Exam 4: Project Integration Management

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 The _____ is the discount rate that results in an NPV of zero for a project.

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internal rate of return
internal rate of return (IRR)
IRR

 Information systems can help an organization support a strategy of being a low-cost producer.

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True

 The organization should complete low-priority projects before high-priority ones, if the low-priority ones take less time.

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False

 _____ involves identifying and managing the points of interaction between various elements of the project.

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 Change requests are always made in writing.

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 Which document recognizes the existence of a project and provides direction on the project's objectives and management?

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 Discuss the difference between explicit and tacit knowledge.

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

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 Which is an example of an organizational process asset?

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

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 In a weighted scoring model, what percent must the sum of the weights of all the criteria total?

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 Which process involves working with stakeholders to create the document that formally authorizes a project?

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 Many projects fail because of unclear requirements and expectations, so starting with a payback analysis makes a lot of sense.

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 Which section of the project management plan includes external interfaces, internal structure, as well as roles and responsibilities?

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 A _____ is a starting point, a measurement, or an observation that is documented so that it can be used for future comparison. changes.

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

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 A Gantt chart is the same as a project management plan.

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 _____ refer to chances to improve the organization.

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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.

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