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30 Cards in this Set
- Front
- Back
As projects progress, but organization must reevaluate the need, funding, and Wolf for each project to determine if the project should be continued, redefine, or terminated false true
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True
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A milestone list as an output list associated with the project scope management knowledge areas true false
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False
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Project managers should never be involved in strategic planning and project selection as they are almost always biased in favor of their own project true false
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False
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The WBS provides a basis for creating the project schedule and performing earned value management for measuring and forecasting project performance true false
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True
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The level of activity and length of each process groups varies for every project true false
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True
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Daniel discount factor is a multiplier for each year based on the discount rate year true false
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True
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Strategic planning involves determining long-term objectives by analyzing the strengths and weaknesses of an organization, studying opportunities and threats in the business environment, predicting future trends, and projecting the need for new products and services true false
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True
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Initiating processes take place during each phase of a project true false
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True
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The majority of organizations develop their own internal information technology project management methodologies true false
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False
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The key deliverables section of the project management plan should describe the quality expectations for the product deliverables true false
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True
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Many people consider project integration management the key to overall project success true false
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True
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Monitoring and controlling processes overlap all of the other project management process groups true false
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True
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In organizations information technology project selection process should guide the strategic plan true false
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False
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Key outcomes of the executing process groups are formal acceptance of the work and creation of closing documents true false
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False
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Be initiating and closing processes are usually the longest and require the most amount of resources and time true false
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False
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Projects involved -- project management process groups
three and five eight |
5
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The data section of the project management plan describes how to monitor project progress and handle changes
management objectives technical processes risk management project controls |
Project controls
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-- aren't output of human resource planning
cost baseline risk management plan that slide project organization chart process improvement plan |
Project organization charts
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-- should serve as the foundation for deciding which projects to pursue
strategic planning employee abilities successful past projects project managers |
Strategic planning
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The -- step in the planning process is to tie the information technology strategic plan to the organization's overall strategic plan
second first fourth third |
First
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A -- is a methodology that converts in organizations value drivers, such as customer service, innovation, operational efficiency, and financial performance, to series of defined metrics
balanced scorecard weighted scoring model payback analysis net present value analysis |
Balanced scorecard
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Administrative activities are often involved in --, such as archiving project files, closing out contracts, documenting lessons learned, and receiving formal acceptance of the delivered work as part of the phaser project
monitoring and controlling processes initiating process is closing processes executing processes |
Closing processes
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-- argue requirements imposed by management, government, or some external influence
commands problems opportunities directives |
Directives
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-- 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
cash flow net present value payback cost of capital |
Net present value
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Projects that address -- are much more likely to be successful because they will be important to the organization
broad organizational needs a balanced scorecard anyway it's boring model net present value |
Broad organizational needs
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You can determine a project -- by finding what discount rate results in NPV of zero for the project
return of investment payback. Required rate of return internal rate of return |
Internal rate of return
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Examples of -- include developing the project team, directing and managing the project team, performing quality assurance, distributing information, and selecting sellers
planning processes initiating processes executing processes monitoring and controlling processes |
Executing processes
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In a weighted scoring model, the sum of all the criteria's weights must total -- percent
50 150 zero 100 |
100
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-- is a planning process falling under the project integration management knowledge areas
schedule development create WBS developed project management plan quality planning |
Developed project management plan
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Usually, the project manager and key team members are selected during the -- process group
executing monitoring and controlling planning initiating |
Initiating
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