Question 1

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

Accepted Answer

A) True 
 B)False

Question 2

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

Accepted Answer

The answer of Discuss how the project management knowledge areas...

Question 3

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

Accepted Answer

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

Question 4

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

Accepted Answer

A) True 
 B)False

Question 5

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

Accepted Answer

The answer of Describe how a project's MOV can support...

Question 6

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

Accepted Answer

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

Question 7

Scope and schedule are examples of:

Accepted Answer

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

Question 8

What is a project charter?

Accepted Answer

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

Question 9

Verification of all project deliverables occurs during ___.

Accepted Answer

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 10

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%.

Accepted Answer

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

Question 11

Which of the following is the best MOV statement?

Accepted Answer

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 12

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

Accepted Answer

A) True 
 B)False

Question 13

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)

Accepted Answer

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 14

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

Accepted Answer

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 15

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

Accepted Answer

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

Question 16

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

Accepted Answer

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

Question 17

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

Accepted Answer

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

Question 18

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

Accepted Answer

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

Question 19

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

Accepted Answer

A) True 
 B)False

Question 20

Describe the five phases of the IT project methodology.

Accepted Answer

The answer of Describe the five phases of the IT...

Exam 2: Initializing and Conceptualizing the IT Project

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

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

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

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

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

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

Scope and schedule are examples of:

What is a project charter?

Verification of all project deliverables occurs during ___.

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%.

Which of the following is the best MOV statement?

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

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)

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

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

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

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

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

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

Describe the five phases of the IT project methodology.