Deck 2: Initializing and Conceptualizing the IT Project

Question 1

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

Answer 1

True

Question 2

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

Answer 2

False

Question 3

The primary focus of "the conceptualize and initialize phase" is to determine the overall goal of the project.

Answer 3

True

Question 4

An Information Technology Project Methodology ITPM )

A)is an alternative metric for deciding between competing projects.
B)is a six-phase program described by PMBOK and offered as a generally accepted industry practice.
C)is specified by parameters of the business case.
D)is a set of deliverables derived from the various PLC phases.
E)is a strategic-level plan for managing and controlling IT projects.

Question 5

Scoring models are useful because they allow for the inclusion of qualitative factors.

Question 6

The MOV should be adjusted at each phase of a project to align with the realities of project execution.

Question 7

All cash flows over the useful life of a project alternative must be included in the payback method of analysis.

Question 8

The SDLC systems development life cycle)is a deliverable from the project charter.

Question 9

The MOV should explicitly state the technology that will support the IT project.

Question 10

A scoring model can combine both qualitative items based reflected in the weights and scores that are based on people's judgments.

Question 11

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

Question 12

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

Question 13

The project charter is a key deliverable for the second phase of the IT project methodology.

Question 14

The total benefits of ownership TBO)should address the benefits of an alternative over its useful life.

Question 15

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

Question 16

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

Question 17

For the sake of efficiency and unity of purpose and direction,it is usually advisable to have the project manager take sole responsibility for developing the business case.

Question 18

In general,riskier project alternatives will have a lower breakeven point than less risky project alternatives.

Question 19

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.

Question 20

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

Question 21

Planning,executing,and controlling are examples of:

A)Project Management process groups.
B)Project Management tools.
C)PMBOK areas of knowledge
D)Project Management objectives
E)Project Management infrastructure.

Question 22

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

A)The project's product,a software system,was enthusiastically accepted by 100% of the end users who were able to begin using it after completing only a one-day training session.
B)The project's product,a software system,was a week late and 2% over budget,but six months later was found to have met the company's goal of reducing service callbacks by 15%.
C)The project's product,a software system,was completed two weeks ahead of time freeing up the entire development team to begin work on other projects.
D)The project's product,a software system,was completed right on schedule and was delivered $10,000 under the $100,000 budget allocation.
E)The project's product,a software system,was completed on time and on budget and was tested and shown to be 100% bug-free.

Question 23

Which of the following statements about the business case is NOT :

A)A business case provides an analysis of feasibility
B)A business case provides senior management with sufficient information to fund a project.
C)A business case provides details of possible impacts,costs and benefits.
D)A business case provides a project budget.
E)A business case may be a large,formal document.

Question 24

Verification of all project deliverables occurs during ___.

A)Conceptualize and initialize the project Phase 1)
B)Develop the project charter and plan Phase 2)
C)Execute and control Phase 3)
D)Close project Phase 4)
E)Evaluate project success Phase 5)

Question 25

Which of the following is the best MOV statement?

A)Our project should make Dayton customers flock to the stores in droves to buy our products.
B)Our project should be completed in no more than 180 days and should cost no more than $150,000 and be completed 100% in-house.
C)Our project should increase sales in the Dayton market by 15% next year to complete our company's Ohio expansion strategy.
D)Our project should utilize the Spiral Development approach to eliminate 95% of the major risks to our Dayton sales program.
E)Our project should produce an advertising campaign in Dayton that wins the Ohio Advertising Guild's Award for most creative campaign.

Question 26

The project charter is a key deliverable from ________ and addresses,along with other questions,________:

A)phase 1,How long will this project take
B)phase 1,Who is the project sponsor?
C)phase 5,What scope controls will be used?
D)phase 2,How much will the project cost?
E)phase 3,A detailed risk plan.

Question 27

_____ focuses on carrying out the project plan to deliver the IT product and managing the project to achieve the goal.

A)Conceptualize and initialize the project Phase 1)
B)Develop the project charter and plan Phase 2)
C)Execute and control Phase 3)
D)Close project Phase 4)
E)Evaluate project success Phase 5)

Question 28

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

A)organizational
B)project
C)technical
D)process
E)control

Question 29

The _____ infrastructure supports and manages the project within the organization.

A)organizational
B)project
C)technical
D)process
E)control

Question 30

The IT project management foundation includes all of the following except:

A)PM processes
B)PM objectives
C)PM methodologies
D)PM tools
E)PMBOK knowledge areas

Question 31

The _________ gives authority to the project manager to begin carrying out the processes and tasks associated with the systems development life cycle .

A)business case
B)project sponsor
C)initiating process
D)implementation plan
E)project charter

Question 32

The _____ infrastructure provides the hardware and software tools to support the project team.

A)organizational
B)project
C)technical
D)process
E)control

Question 33

The first stage of the IT project methodology focuses on:

A)choosing the project team members.
B)defining the overall goal of the project.
C)conceptualizing alternative approaches to project development.
D)identifying the project's scope.
E)identifying project managers and sponsors.

Question 34

All of the following are steps in developing the project MOV except:

A)Identify the available organizational resources.
B)Identify the desired value of the IT project.
C)Develop an appropriate metric.
D)Set a time frame for achieving MOV.
E)Verify and get agreement from project stakeholders.

Question 35

The business case is the key deliverable for:

A)phase 1.
B)phase 2.
C)phase 3.
D)phase 4.
E)phase 5.

Question 36

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

A)Business case
B)Strategic plan
C)Initiating process
D)Project plan
E)project charter

Question 37

Scope and schedule are examples of:

A)Project Management processes.
B)Project Management tools.
C)PMBOK areas of knowledge
D)Project Management objectives
E)Project Management infrastructure.

Question 38

Which of the following was NOT given as a reason for recruiting a core team to develop the business case?

A)enhanced credibility
B)alignment with organizational goals
C)access to real costs
D)early identification of project team.
E)shared sense of ownership

Question 39

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

A)strategic
B)customer
C)financial
D)operational
E)social

Question 40

The overall goal and measure of project success is:

A)the project's MOV.
B)the project's NPV.
C)the project's technical competency.
D)the project's adherence to budget and schedule.
E)the project's end-user acceptance.

Question 41

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?
$\begin{array}{ccll}\underline{\text { Criteria }} & \underline{\text { Alternative A }} & \underline{\text { Alternative B }} & \underline{\text { Alternative C }} \\\text { A } & 5 & 6 & 7 \\\text { B } & 8 & 7 & 7 \\\text { C } & 8 & 8 & 5\end{array}$

A)Choose alternative A
B)Choose alternative B
C)Choose alternative C
D)Choose either alternative A or B
E)Choose either alternative A or C

Question 42

Describe the five phases of the IT project methodology.

Question 43

Calculate the ROI for a project with total expected costs of $40,000 and total expected benefits of 35,000.

A)-12.5%
B)12.5%
C)1)875%
D)187.5%
E)-18.75%

Question 44

A project that provided customers better products and services would impact the _____area of an organization.

A)strategic
B)customer
C)financial
D)operational
E)social

Question 45

Determining whether the proposed solution will work within the software architecture is a measure of _____.

A)organizational feasibility
B)technical feasibility
C)economic feasibility
D)legal feasibility
E)ethical feasibility

Question 46

Which of the following is a perspective from the Balanced Scorecard Approach?:

A)Financial Perspective
B)Internal Processes Perspective
C)Innovation & Learning Perspective
D)Customer Perspective
E)Organizational Value Perspective

Question 47

What are the advantages of having and following a project methodology?

Question 48

A company utilizes the payback method exclusively to select projects.Which of the following mutually exclusive they can only do one of them)projects will they choose? Assume cash flows occur in equal monthly installments)

A)Initial Investment: $10,000 Net Cash Flows: year 1:$0 year 2:$120,000 year 3:$60,000 each year thereafter:$60,000
B)Initial Investment:$100,000 Net Cash Flows: year 1:$50,000 year 2:$50,000 year 3:$100,000 each year thereafter:$1,000,000
C)Initial Investment:$10,000 Net Cash Flows: year 1:0 year 2:$100,000 year 3:$100,000 each year thereafter:$100,000
D)Initial Investment:$100,000 Net Cash Flows: year 1:$1,000,000 year 2:$2,000,000 year 3:$2,000,000 each year thereafter:0
E)Initial Investment:$10,000 Net Cash Flows: year 1:$8,000 year 2:$12,000 year 3:$120,000 each year thereafter:$120,000

Question 49

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

A)strategic
B)customer
C)financial
D)operational
E)social

Question 50

Determining whether employees will be able to adapt to the planned change is _____.

A)organizational feasibility
B)technical feasibility
C)economic feasibility
D)legal feasibility
E)ethical feasibility

Question 51

Discuss how the project management knowledge areas support the IT project methodology.

Question 52

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 _____.

A)organizational feasibility
B)technical feasibility
C)economic feasibility
D)legal feasibility
E)ethical feasibility

Question 53

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 _____.

A)organizational feasibility
B)technical feasibility
C)economic feasibility
D)legal feasibility
E)ethical feasibility

Question 54

Describe the five project management processes.

Question 55

Calculate the Net Present Value for a project with the following cash flows: Year 0: $5,000)Year 1: $10,000 Year 2: $10,000 Year3: $2,000).The discount rate is 5%.

A)$19,209.75
B)$14,209.75
C)$18,840.25
D)$23,840.25
E)$12,350.00

Question 56

What is a project charter?

Question 57

What is a project infrastructure?

Question 58

A project that improved operational effectiveness would impact the _____area of an organization.

A)strategic
B)customer
C)financial
D)operational
E)social

Question 59

How many widgets would a company have to sell if their initial investment was $60,000 and widgets sold for $25? Materials to produce 100 widgets cost $1000.Direct labor costs $2.50 per widget.Total indirect costs & overhead is 10% of the selling price.

A)4,800
B)6,000
C)8,000
D)8,142
E)Not enough information to calculate.

Question 60

A project that provided cleaner air would impact the _____area of an organization.

A)strategic
B)customer
C)financial
D)operational
E)social

Question 61

What is a business case?

Question 62

Describe how a project's MOV can support an organization's goals and strategies.

Question 63

What is Total Cost of Ownership?