Management UPDATED ACTUAL
Questions and CORRECT Answers
project management - CORRECT ANSWER - organizing and directing other people to
achieve a planned result within a predetermined schedule and budget.
oversight committee - CORRECT ANSWER - clients and key managers who review the
progress and direct the project
Level of formality or ceremony - CORRECT ANSWER - the rigor of holding formal
meetings and producing detailed documentation
Agile Project Management - CORRECT ANSWER - a way of balancing flexibility and
chaos: how to be agile and flexible while maintaining control of the project schedule, budget,
and deliverables.
agile time frame-difficult to create/maintain project schedule
cost estimates are difficult to make, especially with a project in which the requirements are
expected to change throughout. project manager controls cost
quality management: each iteration has a deliverable. testing spread throughout project, also
process evaluations of each iteration
system vision document (SVD) - CORRECT ANSWER - a document to help define the
scope of a new system
business benefits - CORRECT ANSWER - the benefits that accrue to the organization;
usually measured in dollars (part of SVD)
, system capabilities - CORRECT ANSWER - the required capabilities of a new system;
part of a System Vision Document (part of SVD)
cost/benefit analysis - CORRECT ANSWER - process of comparing costs and benefits to
see whether investing in a new system will be beneficial
net present value (NPV) - CORRECT ANSWER - the present value of dollar benefits and
dollar costs of a particular investment
break-even point - CORRECT ANSWER - the point in time at which dollar benefits offset
dollar costs
payback period - CORRECT ANSWER - the time period during which the dollar benefits
offset the dollar costs
tangible benefit - CORRECT ANSWER - a benefit that can be measured or estimated in
terms of dollars
intangible benefit - CORRECT ANSWER - a benefit that accrues to an organization but
that can't be measured quantitatively or estimated accurately
project dashboard - CORRECT ANSWER - allows all types of project information to be
posted and viewed by Web browsers
project iteration schedule - CORRECT ANSWER - the list of iterations and use cases or
user stories assigned to each iteration
detailed work schedule - CORRECT ANSWER - the schedule that lists, organizes, and
describes the dependencies of the detailed work tasks