Exam 2: Initializing and Conceptualizing the IT Project

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_____ provides all the tactical details concerning who will carry out the work and when it will be accomplished.

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D

The first stage of the IT project methodology focuses on:

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B

A significant deficiency of the payback method of analyzing alternatives is the failure to account for the time value of money.

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True

Feasibility focuses on what can go wrong and what must go right.

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The _____ infrastructure supports the project in terms of the environment and team itself.

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Which of the following statements is the best indicator that the new software project was successful.

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The business case is the key deliverable for:

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What is Total Cost of Ownership?

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The total cost of ownership TCO)includes only the direct or up-front costs and ongoing expenditures.

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A methodology provides a strategic-level plan for managing and controlling IT projects.

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Project Management processes include Scope,Schedule,Budget,and Quality.

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A project that increased market share would impact the _____area of an organization.

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Describe the five project management processes.

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The net present value method of project valuation takes into account all relevant cash flows as well as the company's required rate of return.

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Evaluating the feasibility of an alternative in terms of the funds and resources available to support a project for the organization is a measure of _____.

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What is a project infrastructure?

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A business case is a deliverable that documents the project's goal,as well as several alternatives or options.

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An Information Technology Project Methodology ITPM )

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Trying to decide between three alternatives,a company employed a scoring model.Three criteria were chosen.Criteria A was believed to be the most important and so was given a weight of 50%.The other two were deemed to be equal to each other in importance.A relative scoring range of 0 to 10 was used.The table below shows each alternative and their scores.Which alternative should the company choose? A 5 6 7 B 8 7 7 C 8 8 5

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Feasibility focuses on whether a particular alternative is doable and worth doing.

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