Deck 4: Project Integration Management

Question 1

 The ROI is always positive.

Answer 1

False
Explanation: The ROI is always a percentage. It can be positive or negative.

Question 2

 Projects that address broad organizational needs are likely to fail.

Answer 2

False
Explanation: Projects that address broad organizational needs are much more likely to be successful because they will be important to the organization.

Question 3

 Some organizations initiate projects using a contract in place of a project charter.

Answer 3

True
Explanation: Instead of project charters, some organizations initiate projects using a simple letter of agreement, while others use much longer documents or formal contracts.

Question 4

 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.

Question 5

 Project integration management must occur just within the context of a particular project.

Question 6

 As projects progress, the organization must reevaluate the need, funding, and will for each project to determine if the project should be continued, redefined, or terminated.

Question 7

 An annual discount factor is a multiplier for each year based on the discount rate and year.

Question 8

 Opportunities and directives are essentially the same thing.

Question 9

 The number of interfaces in a single project is limited, and does not depend on the number of people involved in the project.

Question 10

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

Question 11

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

Question 12

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

Question 13

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

Question 14

 Projects that arise as a result of problems and directives must be resolved quickly to avoid hurting an organization's business.

Question 15

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

Question 16

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

Question 17

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

Question 18

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

Question 19

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

Question 20

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

Question 21

 It is necessary that IT project managers have prior technical experience in creating and managing IT products.

Question 22

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

A) Developing the project charter
B) Developing the preliminary project scope statement
C) Developing the project management plan
D) Performing integrated change control

Question 23

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

A) It is always a percentage.
B) It is always a positive number.
C) It is the result of adding the project costs to the profits.
D) The lower it is, the better.

Question 24

 The outputs of which process include change request status updates, project management plan updates, and project document updates?

A) initiating
B) planning
C) executing
D) monitoring and controlling

Question 25

 What is the first step in determining the NPV?

A) determine the estimated costs and benefits for the life of the project and the products it produces
B) determine the discount rate
C) calculate the net present value
D) determine the cash flow

Question 26

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

Question 27

 When does payback occur?

A) When the net cumulative benefits minus costs equal one
B) When the net cumulative benefits equal the net cumulative costs
C) When the net costs are lower than the cumulative benefits
D) When the cumulative benefits are double the cumulative costs

Question 28

 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?

A) Cost of capital
B) Net present value
C) Cash flow
D) Payback

Question 29

 Which process involves selecting information technology projects and assigning resources?

A) project planning
B) business area analysis
C) resource allocation
D) information technology strategy planning

Question 30

 Corrective actions reduce the probability of negative consequences associated with project risks, while preventive actions should result in improvements in project performance.

Question 31

 What term is used for benefits minus costs?

A) cost of capital
B) cash flow
C) discount factor
D) opportunity cost of capital

Question 32

 What are new requirements imposed by management, government, or some external influence referred to as?

A) Opportunities
B) Charters
C) Problems
D) Directives

Question 33

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

Question 34

 What is the first step in the planning process?

A) tie the information technology strategic plan to the organization's overall strategic plan
B) perform a business area analysis
C) start defining potential IT projects in terms of their scope, benefits, and constraints
D) choose which projects to do and assigning resources to work on them

Question 35

 Which stage of information technology planning outlines business processes that are central to achieving strategic goals and helps determine which ones could most benefit from information technology?

A) project planning
B) business area analysis
C) resource allocation
D) information technology strategy planning

Question 36

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

A) Developing the project charter
B) Developing the preliminary project scope statement
C) Developing the project management plan
D) Developing the organizational process assets updates

Question 37

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

Question 38

 What term is used for the minimum acceptable rate of return on an investment?

A) capitalization rate
B) internal rate of return
C) discount rate
D) required rate of return

Question 39

 Which process includes defining project scope, benefits, and constraints?

A) project planning
B) business area analysis
C) resource allocation
D) information technology strategy planning

Question 40

 Change requests are always made in writing.

Question 41

 Which section of the project management plan describes specific methodologies a project might use and explains how to document information?

A) management objectives
B) project controls
C) risk management
D) technical processes

Question 42

 A project's internal rate of return can be determined by finding what discount rate results in an NPV of what value for the project?

A) zero
B) one
C) a hundred percent
D) fifty percent

Question 43

 Which information is included in a business case?

A) business need for the project
B) relevant government or industry standards
C) project objective, high-level requirements, and time and cost goals
D) policies, procedures, guidelines, and systems that influence a project's success

Question 44

 Which is an example of an organizational process asset?

A) Management systems
B) The organization's infrastructure
C) Government standards
D) Marketplace conditions

Question 45

 What actions result in improvements in project performance?

A) Corrective
B) Defective
C) Preventive
D) Acceptance plan

Question 46

 Which section of the project plan lists the planned dates for completing key deliverables?

A) schedule
B) closing
C) budget
D) objectives

Question 47

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

A) 10
B) 50
C) 100
D) 150

Question 48

 What process involves identifying and controlling the functional and physical design characteristics of products and their support documentation, and ensures that the descriptions of the project's products are correct and complete?

A) NPV analysis
B) Project management information systems
C) Configuration management
D) Project time management

Question 49

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

Question 50

 _____ involves coordinating all of the other project management knowledge areas throughout a project's life cycle.

Question 51

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

A) overview
B) technical processes
C) project organization
D) supporting processes

Question 52

 An IT company revises its process parameters in response to complaints from vendors that products were not ready on time. Which is this an example of?

A) cost forecasting
B) a preventive action
C) defect repairs
D) a corrective action

Question 53

 Which term is used for a formal, documented process that describes when and how official project documents may be modified, the people authorized to make modifications, and the paperwork required for these changes?

A) WBS
B) project charter
C) performance report
D) change control system

Question 54

 _____ 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.

Question 55

 What document used to coordinate all project planning documents and help guide a project's execution and control?

A) project management plan
B) statement of work
C) scope statement
D) business case

Question 56

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

A) stakeholder register
B) risk register
C) directive
D) project charter

Question 57

 Which section of the project management plan provides the planned cost of deliverables?

A) objectives
B) budget
C) risk
D) technical

Question 58

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

A) Performance reports
B) Preventive actions
C) Defect repairs
D) Corrective actions

Question 59

 A(n) _____ involves analyzing a company's strengths, weaknesses, opportunities, and threats, and is used to aid in strategic planning.

Question 60

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

A) execution
B) planning
C) closing
D) monitoring and controlling

Question 61

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

Question 62

 _____ refer to chances to improve the organization.

Question 63

 _____ include formal and informal plans, policies, procedures, guidelines, information systems, financial systems, management systems, lessons learned, and historical information that can be used to influence a project's success.

Question 64

 _____ is the result of subtracting the project costs from the benefits and then dividing by the costs.

Question 65

 _____ project work includes collecting, measuring, and disseminating performance information.

Question 66

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

Question 67

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

Question 68

 What is a weighted scoring model? How is it created?

Question 69

 _____ is a technique that uses branches radiating from a core idea to structure thoughts and ideas.

Question 70

 What are the methods for categorizing information technology projects?

Question 71

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

Question 72

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

Question 73

 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.

Question 74

 _____ are new requirements imposed by management, government, or some external influence.

Question 75

 _____ analysis is a method of 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.

Question 76

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

Question 77

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

Question 78

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

Question 79

 _____ involves identifying, evaluating, and managing changes throughout the project life cycle.

Question 80

 A(n) _____ is a formal group of people responsible for approving or rejecting changes to a project.