Information Technology Project Management 8th - Chapter 4 Questions and Answers 100% Pass

Information Technology Project Management 8th - Chapter 4 Questions and Answers 100% Pass Balanced Scorecard - Correct Answer ️️ -A methodology that converts an organization's value drivers to a series of defined metrics Baseline - Correct Answer ️️ -The approved project management plan plus approved changes Business Service Management (BSM) Tools - Correct Answer ️️ -Tools that help track the execution of business process flows and expose how the state of supporting IT systems and resources affects end-to-end business process performance in real time Capitalization Rate - Correct Answer ️️ -The rate used in discounting future cash flow; also called the discount rate or opportunity cost of capital Cash Flow - Correct Answer ️️ -Benefits minus costs or income minus expenses Change Control Board (CCB) - Correct Answer ️️ -A formal group of people responsible for approving or rejecting changes on a project Change Control System - Correct Answer ️️ -A formal, documented process that describes when and how official project documents may be changed Configuration Management - Correct Answer ️️ -A process that ensures that the descriptions of a project's products are correct and complete Cost of Capital - Correct Answer ️️ -The return available by investing capital elsewhere Directives - Correct Answer ️️ -New requirements imposed by management, government, or some external influence Discount Factor - Correct Answer ️️ -A multiplier for each year based on the discount rate and year Discount Rate - Correct Answer ️️ -The rate used in discounting future cash flow; also called the capitalization rate or opportunity cost of capital Integrated Change Control - Correct Answer ️️ -Identifying, evaluating, and managing changes throughout the project life cycle Interface Management - Correct Answer ️️ -Identifying and managing the points of interaction between various elements of a project Internal Rate of Return (IRR) - Correct Answer ️️ -The discount rate that results in an NPV of zero for a project Mind Mapping - Correct Answer ️️ -A technique that uses branches radiating from a core idea to structure thoughts and ideas Net Present Value (NPV) Analysis - Correct Answer ️️ -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 Opportunities - Correct Answer ️️ -Chances to improve an organization Opportunity Cost of Capital - Correct Answer ️️ -The rate used in discounting future cash flow; also called the capitalization rate or discount rate Organizational Process Assets - Correct Answer ️️ -Formal and informal plans, policies, procedures, guidelines, information systems, financial systems, management systems, lessons learned, and historical information that can influence a project's success Payback Period - Correct Answer ️️ -The amount of time nee