Question 1

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

Accepted Answer

Mind mapping

Question 2

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.

Accepted Answer

A) True 
 B)False  True

Question 3

_____ 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.

Accepted Answer

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

Question 4

_____ involves working with stakeholders to create the document that formally authorizes a project.

Accepted Answer

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

Question 5

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

Accepted Answer

A) True 
 B)False

Question 6

Benefits minus costs is known as the _____.

Accepted Answer

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

Question 7

The _____ is the minimum acceptable rate of return on an investment.

Accepted Answer

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

Question 8

What is a project charter? Discuss the inputs that can aid the development of a project charter.

Accepted Answer

The answer of What is a project charter? Discuss the...

Question 9

The _____ section of the project management plan describes specific methodologies a project might use and explains how to document information.

Accepted Answer

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

Question 10

_____ 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.

Accepted Answer

The answer of _____ analysis is a method of calculating...

Question 11

The first step in the planning process is _____.

Accepted Answer

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

Question 12

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

Accepted Answer

A) True 
 B)False

Question 13

_____ 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.

Accepted Answer

The answer of _____ involves determining long-term objectives by analyzing...

Question 14

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

Accepted Answer

The answer of _____ refer to undesirable situations that prevent...

Question 15

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

Accepted Answer

A) True 
 B)False

Question 16

The ROI is always positive.

Accepted Answer

A) True 
 B)False

Question 17

The _____ section of the project management plan describes how to monitor project progress and handle changes.

Accepted Answer

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

Question 18

_____ 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.

Accepted Answer

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

Question 19

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

Accepted Answer

The answer of _____ is the result of subtracting the...

Question 20

Which of the following is true of return on investment or ROI?

Accepted Answer

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.

Exam 4: Project Integration Management

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

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.

_____ 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.

_____ involves working with stakeholders to create the document that formally authorizes a project.

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

Benefits minus costs is known as the _____.

The _____ is the minimum acceptable rate of return on an investment.

What is a project charter? Discuss the inputs that can aid the development of a project charter.

The _____ section of the project management plan describes specific methodologies a project might use and explains how to document information.

_____ 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.

The first step in the planning process is _____.

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

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

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

The ROI is always positive.

The _____ section of the project management plan describes how to monitor project progress and handle changes.

_____ 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.

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

Which of the following is true of return on investment or ROI?