Question 1

Which of the following is a critical success factor for projects?

Accepted Answer

A) involvement and buy-in from a niche segment of end users 
B) a strategy to manage conflicts among stakeholders 
C) a design strategy that helps isolate existing and old legacy systems from new systems 
D) informal agreements with consultants and vendors to build trust 
A) involvement and buy-in from a niche segment of end users 
B) a strategy to manage conflicts among stakeholders 
C) a design strategy that helps isolate existing and old legacy systems from new systems 
D) informal agreements with consultants and vendors to build trust B

Question 2

What is a project management plan? Explain its significance.

Accepted Answer

The planning process should start early with the over-arching project management plan. Project management plan is the road map and guide for executing the project, and it describes the components needed to ensure success. The plan should include an organizational chart, a detailed description of the work to be performed, information about the schedule, details about meetings and reviews, success metrics, and notations about any information systems or project monitoring tools that will be used. It should also identify the deliverables which are the products, documents, or services that will be delivered to the sponsor during the course of the project.

Question 3

Which of the following is an accurate definition of "black swans"?

Accepted Answer

A) malicious software programs with the potential to disable enormous networks 
B) software programs that are designed to attract malicious attacks to study their properties 
C) events that occur very rarely and are difficult or nearly impossible to predict 
D) stages along the project management process at which regular progress checks are made 
A) malicious software programs with the potential to disable enormous networks 
B) software programs that are designed to attract malicious attacks to study their properties 
C) events that occur very rarely and are difficult or nearly impossible to predict 
D) stages along the project management process at which regular progress checks are made C

Question 4

The ________ phase ideally involves wrapping up a project in an orderly way and a sponsor signing off that all deliverables have been received and accepted.

Accepted Answer

A) implementing 
B) planning 
C) closing 
D) executing 
A) implementing 
B) planning 
C) closing 
D) executing

Question 5

Binding, formal agreements with vendors and consultants are essential to the success of a project.

Accepted Answer

A) True 
 B)False

Question 6

The tendency to continue investing in a project, despite mounting evidence that it is not succeeding, often comes about because people mistakenly let sunk costs affect decision making rather than weighing the value of further investment. This tendency is known as ________.

Accepted Answer

A) zero-profit condition 
B) escalation of commitment 
C) progress trap 
D) zero-sum game 
A) zero-profit condition 
B) escalation of commitment 
C) progress trap 
D) zero-sum game

Question 7

The ________ refers to the longest course through the project, which identifies those tasks that cannot be delayed without affecting the finish date.

Accepted Answer

A) graph bandwidth 
B) critical path 
C) long tail 
D) degree sequence 
A) graph bandwidth 
B) critical path 
C) long tail 
D) degree sequence

Question 8

A ________ is a series of events designed to deliver a product or service that is recurring in nature.

Accepted Answer

A) process 
B) milestone 
C) project 
D) task 
A) process 
B) milestone 
C) project 
D) task

Question 9

A ________ is a document that authorizes a project and includes a clear statement of objectives, estimated start and end dates, the names of the relevant people and their roles, a tentative budget, criteria for success, and other pertinent information.

Accepted Answer

A) project charter 
B) burn down chart 
C) business case 
D) project proposal 
A) project charter 
B) burn down chart 
C) business case 
D) project proposal

Question 10

Scope creep refers to a strategy in which everyone in a project team agrees upon what features the project will involve.

Accepted Answer

A) True 
 B)False

Question 11

Which of the following best defines a critical path in a project?

Accepted Answer

A) the longest project path comprised of tasks that do not affect the finish date if they are delayed 
B) the longest project path that identifies tasks that cannot be delayed without affecting the finish date 
C) the path obtained by adding the time required for tasks of the shortest duration 
D) the shortest path undertaken in a monitoring process in which there is no fixed deadline 
A) the longest project path comprised of tasks that do not affect the finish date if they are delayed 
B) the longest project path that identifies tasks that cannot be delayed without affecting the finish date 
C) the path obtained by adding the time required for tasks of the shortest duration 
D) the shortest path undertaken in a monitoring process in which there is no fixed deadline

Question 12

What is change management?

Accepted Answer

Change management is a structured approa

Question 13

A ________ refers to the tendency to underestimate the time it will take to complete a task.

Accepted Answer

A) regression fallacy 
B) planning fallacy 
C) deductive fallacy 
D) continuum fallacy 
A) regression fallacy 
B) planning fallacy 
C) deductive fallacy 
D) continuum fallacy

Question 14

The ________ phase in a project involves documenting lessons learned from the project, so that the experience is useful to other project teams and adds to the organization's knowledge base.

Accepted Answer

A) executing 
B) planning 
C) closing 
D) initiating 
A) executing 
B) planning 
C) closing 
D) initiating

Question 15

Which of the following is true of the triple constraint in projects?

Accepted Answer

A) The time constraint is the most critical of the three constraints in projects. 
B) The three fundamental project constraints are insulated from each other. 
C) Changes in one fundamental constraint affect the other constraints as well. 
D) Cost constraints take precedence over time and scope constraints in all projects. 
A) The time constraint is the most critical of the three constraints in projects. 
B) The three fundamental project constraints are insulated from each other. 
C) Changes in one fundamental constraint affect the other constraints as well. 
D) Cost constraints take precedence over time and scope constraints in all projects.

Question 16

Briefly describe the phenomenon of "escalation of commitment."

Accepted Answer

The tendency to continue investing in a

Question 17

Which of the following is an example of an executing process?

Accepted Answer

A) defining milestones and goals 
B) allocating work assignments 
C) fixing project schedules 
D) identifying deliverables 
A) defining milestones and goals 
B) allocating work assignments 
C) fixing project schedules 
D) identifying deliverables

Question 18

A ________ oversees all the projects going on throughout the organization and provides project management training, software, and support.

Accepted Answer

A) records management office 
B) program management office 
C) document management office 
D) business process management office 
A) records management office 
B) program management office 
C) document management office 
D) business process management office

Question 19

The term ________ refers to the tendency for people to rely too heavily on one piece of information to adjust their estimates, even if it is irrelevant.

Accepted Answer

A) availability bias 
B) confirmation bias 
C) anchoring 
D) predecessors 
A) availability bias 
B) confirmation bias 
C) anchoring 
D) predecessors

Question 20

Which of the following is true of black swan events?

Accepted Answer

A) They are the most frequently occurring disruptions in information systems. 
B) The term is exclusively used to describe malicious attacks on information systems. 
C) The invention of the personal computer is an example of a black swan. 
D) Their occurrences can be anticipated with simple prediction models. 
A) They are the most frequently occurring disruptions in information systems. 
B) The term is exclusively used to describe malicious attacks on information systems. 
C) The invention of the personal computer is an example of a black swan. 
D) Their occurrences can be anticipated with simple prediction models.

Which of the following is a critical success factor for projects?

What is a project management plan? Explain its significance.

Which of the following is an accurate definition of "black swans"?

The ________ phase ideally involves wrapping up a project in an orderly way and a sponsor signing off that all deliverables have been received and accepted.

Binding, formal agreements with vendors and consultants are essential to the success of a project.

The tendency to continue investing in a project, despite mounting evidence that it is not succeeding, often comes about because people mistakenly let sunk costs affect decision making rather than weighing the value of further investment. This tendency is known as ________.

The ________ refers to the longest course through the project, which identifies those tasks that cannot be delayed without affecting the finish date.

A ________ is a series of events designed to deliver a product or service that is recurring in nature.

A ________ is a document that authorizes a project and includes a clear statement of objectives, estimated start and end dates, the names of the relevant people and their roles, a tentative budget, criteria for success, and other pertinent information.

Scope creep refers to a strategy in which everyone in a project team agrees upon what features the project will involve.

Which of the following best defines a critical path in a project?

What is change management?

A ________ refers to the tendency to underestimate the time it will take to complete a task.

The ________ phase in a project involves documenting lessons learned from the project, so that the experience is useful to other project teams and adds to the organization's knowledge base.

Which of the following is true of the triple constraint in projects?

Briefly describe the phenomenon of "escalation of commitment."

Which of the following is an example of an executing process?

A ________ oversees all the projects going on throughout the organization and provides project management training, software, and support.

The term ________ refers to the tendency for people to rely too heavily on one piece of information to adjust their estimates, even if it is irrelevant.

Which of the following is true of black swan events?

Information Systems and People

Information Systems and Strategy

Information and Communications Technologies: The Enterprise Architecture

Databases and Datawarehouses

Information Systems for the Enterprise

The Web, E-Commerce, and M-Commerce

Business Intelligence and Decision Making

Collaborating With Technology

Knowledge Management and E-Learning

Ethics, Privacy, and Security

Systems Development and Procurement

Filters

Exam 12: Project Management and Strategic Planning

Which of the following is a critical success factor for projects?

What is a project management plan? Explain its significance.

Which of the following is an accurate definition of "black swans"?

The ________ phase ideally involves wrapping up a project in an orderly way and a sponsor signing off that all deliverables have been received and accepted.

Binding, formal agreements with vendors and consultants are essential to the success of a project.

The tendency to continue investing in a project, despite mounting evidence that it is not succeeding, often comes about because people mistakenly let sunk costs affect decision making rather than weighing the value of further investment. This tendency is known as ________.

The ________ refers to the longest course through the project, which identifies those tasks that cannot be delayed without affecting the finish date.

A ________ is a series of events designed to deliver a product or service that is recurring in nature.

A ________ is a document that authorizes a project and includes a clear statement of objectives, estimated start and end dates, the names of the relevant people and their roles, a tentative budget, criteria for success, and other pertinent information.

Scope creep refers to a strategy in which everyone in a project team agrees upon what features the project will involve.

Which of the following best defines a critical path in a project?

What is change management?

A ________ refers to the tendency to underestimate the time it will take to complete a task.

The ________ phase in a project involves documenting lessons learned from the project, so that the experience is useful to other project teams and adds to the organization's knowledge base.

Which of the following is true of the triple constraint in projects?

Briefly describe the phenomenon of "escalation of commitment."

Which of the following is an example of an executing process?

A ________ oversees all the projects going on throughout the organization and provides project management training, software, and support.

The term ________ refers to the tendency for people to rely too heavily on one piece of information to adjust their estimates, even if it is irrelevant.

Which of the following is true of black swan events?

Information Systems and People

Information Systems and Strategy

Information and Communications Technologies: The Enterprise Architecture

Databases and Datawarehouses

Information Systems for the Enterprise

The Web, E-Commerce, and M-Commerce

Business Intelligence and Decision Making

Collaborating With Technology

Knowledge Management and E-Learning

Ethics, Privacy, and Security

Systems Development and Procurement

Filters