D324 ITEC 2109
Business of IT – Project Mangement
4.0 Credits
Objective Assessment Review (Qns &
Ans)
2025
©2025
, Question 1:
An organization seeking to ensure that its IT projects contribute directly
to strategic business goals decides to adopt a framework that links
performance measures across financial, customer, internal process, and
learning perspectives. Which framework best supports this strategy?
- A. COBIT
- B. ITIL
- C. Balanced Scorecard
- D. PRINCE2
Correct ANS: C. Balanced Scorecard
Rationale:
The Balanced Scorecard framework provides a multidimensional view of
performance by linking business strategy with execution metrics,
ensuring that IT projects not only meet technical requirements but also
deliver strategic value.
---
Question 2:
For an IT project with multiple stakeholders and dynamically changing
requirements, which project management methodology is most
appropriate to promote adaptability and continuous improvement?
- A. Waterfall
- B. Agile
- C. Critical Path Method (CPM)
- D. PRINCE2
Correct ANS: B. Agile
Rationale:
Agile methodologies emphasize iterative development, frequent
feedback, and adaptability to change. This makes them especially
suitable for IT projects where requirements can evolve and rapid
responsiveness is required.
©2025
, ---
Question 3:
During a comprehensive risk assessment for a complex IT project, a
project manager decides to quantify the potential impact of uncertain
events through simulation. Which technique is best suited for this
purpose?
- A. SWOT analysis
- B. Monte Carlo simulation
- C. Delphi method
- D. Risk register review
Correct ANS: B. Monte Carlo simulation
Rationale:
Monte Carlo simulation uses statistical sampling to model the probability
and impact of risks quantitatively. It is an advanced tool that helps
project managers forecast potential deviations from cost or schedule
baselines.
---
Question 4:
An IT project experiences significant cost overruns and schedule delays.
Which performance measurement technique integrates scope, schedule,
and cost to provide early indications of deviations from the project
baseline?
- A. Gantt Chart analysis
- B. Critical Path Method
- C. Earned Value Management (EVM)
- D. Resource leveling
Correct ANS: C. Earned Value Management (EVM)
Rationale:
EVM combines scope, schedule, and cost data to produce performance
©2025
Business of IT – Project Mangement
4.0 Credits
Objective Assessment Review (Qns &
Ans)
2025
©2025
, Question 1:
An organization seeking to ensure that its IT projects contribute directly
to strategic business goals decides to adopt a framework that links
performance measures across financial, customer, internal process, and
learning perspectives. Which framework best supports this strategy?
- A. COBIT
- B. ITIL
- C. Balanced Scorecard
- D. PRINCE2
Correct ANS: C. Balanced Scorecard
Rationale:
The Balanced Scorecard framework provides a multidimensional view of
performance by linking business strategy with execution metrics,
ensuring that IT projects not only meet technical requirements but also
deliver strategic value.
---
Question 2:
For an IT project with multiple stakeholders and dynamically changing
requirements, which project management methodology is most
appropriate to promote adaptability and continuous improvement?
- A. Waterfall
- B. Agile
- C. Critical Path Method (CPM)
- D. PRINCE2
Correct ANS: B. Agile
Rationale:
Agile methodologies emphasize iterative development, frequent
feedback, and adaptability to change. This makes them especially
suitable for IT projects where requirements can evolve and rapid
responsiveness is required.
©2025
, ---
Question 3:
During a comprehensive risk assessment for a complex IT project, a
project manager decides to quantify the potential impact of uncertain
events through simulation. Which technique is best suited for this
purpose?
- A. SWOT analysis
- B. Monte Carlo simulation
- C. Delphi method
- D. Risk register review
Correct ANS: B. Monte Carlo simulation
Rationale:
Monte Carlo simulation uses statistical sampling to model the probability
and impact of risks quantitatively. It is an advanced tool that helps
project managers forecast potential deviations from cost or schedule
baselines.
---
Question 4:
An IT project experiences significant cost overruns and schedule delays.
Which performance measurement technique integrates scope, schedule,
and cost to provide early indications of deviations from the project
baseline?
- A. Gantt Chart analysis
- B. Critical Path Method
- C. Earned Value Management (EVM)
- D. Resource leveling
Correct ANS: C. Earned Value Management (EVM)
Rationale:
EVM combines scope, schedule, and cost data to produce performance
©2025
