Exam 4: Project Integration Management

 A summary of the planned approach for managing the project should describe stakeholder needs and expectations, important assumptions, and constraints.

 NPV analysis is a method for making equal comparisons between cash flows for multi-year projects.

 The ROI is always positive.

 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.

 A(n) _____ is a strategic planning and management system that helps organizations align business activities to strategy, improve communications, and monitor performance against strategic goals.

 Organizational process asset updates are an important output of the closing process of a project.

 _____ 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.

 A(n) _____ is a tool that provides a systematic process for selecting projects based on many criteria.

 A positive NPV means the return from a project exceeds the _____, the return available by investing the capital elsewhere.

 List and briefly describe the six main processes involved in project integration management.

 Which process is undertaken to reduce the probability of negative consequences associated with project risks?

 What actions result in improvements in project performance?

 In project integration management, project ______ and _______ are intertwined and inseparable activities.

 In project integration management, directing and managing project execution involves carrying out the project management plan by performing the activities included in it.

 _____ factors include relevant government or industry standards, the organization's infrastructure, and marketplace conditions.

 A SWOT analysis, being a linear process, cannot be performed using the nonlinear mind mapping technique.

 A project charter typically does not authorize the project manager to use organizational resources to complete the project.

 What is the majority of time on a project is usually spent on?

 What statement is true regarding a return on investment or ROI?

 An organization's information technology project selection process should guide the strategic plan.