C954 Exam Revision set | 121 Questions with
Verified Solutions
Why would a project require an executive sponsor according to the Project Management
Institute (PMI)?
To provide financial resources for a project
What is a program evaluation and review technique (PERT) chart?
A graphical network model that depicts a project's tasks and the relationships between those
tasks
Which factor is a primary reason for project failure?
The balance of the triple constraints
What is agile methodology?
A methodology that aims for customer satisfaction through early and continual delivery of
useful software components developed by an iterative process with a design point that uses the
bare minimum requirements
What is waterfall methodology?
A sequence of phases in which the output of each phase becomes the input for the next
What is the systems development life cycle (SDLC)?
The overall process for developing information systems, from planning and analysis through
implementation and maintenance
What is the definition of project scope?
The need, justification, requirements, and current boundaries for a project
What is a value chain analysis?
, A business tool that views a firm as a series of business processes that add value to a product or
service
What is the definition of Porter's three generic strategies?
A business strategy involving methods that are neither organization- nor industry-specific and
can be applied to any business, product, or service
What is an assessment of the competitive forces within the environment in which a company
operates to evaluate the potential for profitability in an industry?
Porter's five forces model
What is a SWOT analysis?
An evaluation of an organization's strengths, weaknesses, opportunities, and threats to identify
significant influences that work for or against business strategies
Which supply chain activity includes building relationships with suppliers to procure raw
materials?
Source
supplier power
The supplier's ability to influence the price they charge for supplies, including material labor
and service
What are two actions an IT department can take to determine recommendations for
improvement?
Focus attention on the current processes and model interfaces/
Expose and map out process details gradually and in a controlled manner
What is the business process modeling term that usually begins with a functional process
representation of the process problem?
Verified Solutions
Why would a project require an executive sponsor according to the Project Management
Institute (PMI)?
To provide financial resources for a project
What is a program evaluation and review technique (PERT) chart?
A graphical network model that depicts a project's tasks and the relationships between those
tasks
Which factor is a primary reason for project failure?
The balance of the triple constraints
What is agile methodology?
A methodology that aims for customer satisfaction through early and continual delivery of
useful software components developed by an iterative process with a design point that uses the
bare minimum requirements
What is waterfall methodology?
A sequence of phases in which the output of each phase becomes the input for the next
What is the systems development life cycle (SDLC)?
The overall process for developing information systems, from planning and analysis through
implementation and maintenance
What is the definition of project scope?
The need, justification, requirements, and current boundaries for a project
What is a value chain analysis?
, A business tool that views a firm as a series of business processes that add value to a product or
service
What is the definition of Porter's three generic strategies?
A business strategy involving methods that are neither organization- nor industry-specific and
can be applied to any business, product, or service
What is an assessment of the competitive forces within the environment in which a company
operates to evaluate the potential for profitability in an industry?
Porter's five forces model
What is a SWOT analysis?
An evaluation of an organization's strengths, weaknesses, opportunities, and threats to identify
significant influences that work for or against business strategies
Which supply chain activity includes building relationships with suppliers to procure raw
materials?
Source
supplier power
The supplier's ability to influence the price they charge for supplies, including material labor
and service
What are two actions an IT department can take to determine recommendations for
improvement?
Focus attention on the current processes and model interfaces/
Expose and map out process details gradually and in a controlled manner
What is the business process modeling term that usually begins with a functional process
representation of the process problem?
