Exam Bank for OMIS 352- Questions with Verified Solutions Latest Version

Exam Bank for OMIS 352- Questions with Verified Solutions Latest Version _____ involves identifying and controlling the functional and physical design characteristics of products and their support documentation, and ensures that the descriptions of the project's products are correct and complete. a.Configuration management b.Project management information systems c.Project time management d.NPV analysis - Answers a. Configuration management The outputs of the _____ process include change request status updates, project management plan updates, and project document updates. ating ting ing oring and controlling - Answers d. monitoring and controlling The first step in the planning process is _____. perform a business area analysis tie the information technology strategic plan to the organization's overall strategic plan choose which projects to do and assigning resources to work on them start defining potential IT projects in terms of their scope, benefits, and constraints - Answers to tie the information technology strategic plan to the organization's overall strategic plan The _____ section of the project plan should describe the major project functions and activities and identify those individuals who are in charge of them. izational charts ement objectives ct responsibilities organizational or process-related information - Answers c. project responsibilities A _____ is a document that recognizes the existence of a project and provides direction on the project's objectives and management. ct charter tive holder register register - Answers ct charter An organization's information technology project selection process should guide the strategic plan. True False - Answers False Payback period is the amount of time it will take to recoup, in the form of net cash inflows, the total dollars invested in a project. True False - Answers True Interface management involves identifying and managing the points of interaction between various elements of a project. True False - Answers False The number of interfaces in a single project is limited, and does not depend on the number of people involved in the project. True False - Answers False Projects that arise as a result of problems and directives must be resolved quickly to avoid hurting an organization's business. True False - Answers True Which of the following is true of return on investment or ROI? a.It is always a percentage. b.It is always a positive number. c.The lower it is, the better. d.It is the result of adding the project costs to the profits. - Answers a.It is always a percentage. In the _____ stage of selecting information technology projects, organizations select information technology projects. mation technology strategy planning ct planning ess area analysis rce allocation - Answers rce allocation Which of the following is a proactive process undertaken to reduce the probability of negative consequences associated with project risks? a.Defect repairs b.Preventive actions c.Performance reports d.Corrective actions - Answers b. Preventive actions The _____ is the minimum acceptable rate of return on an investment. unt rate nal rate of return alization rate red rate of return - Answers red rate of return A _____ is a document used to coordinate all project planning documents and help guide a project's execution and control. ct management plan statement ess case ment of work - Answers ct management plan Payback period is the amount of time it will take to recoup, in the form of net cash inflows, the total dollars invested in a project. True False - Answers True Project integration management must occur just within the context of a particular project. True False - Answers False The number of interfaces in a single project is limited, and does not depend on the number of people involved in the project. True False - Answers False The organization should complete low-priority projects before high-priority ones, if the low-priority ones take less time. True False - Answers False Interface management involves identifying and managing the points of interaction between various elements of a project. True False - Answers False Which of the following is a proactive process undertaken to reduce the probability of negative consequences associated with project risks ? - Answers Preventive actions _ are new requirements imposed by management, government, or some external influence. - Answers Directives _involves working with stakeholders to create the document that formally authorizes a project. - Answers Developing the project charter Benefits minus costs is known as the - Answers Cash flow In the _ stage of selecting information technology projects, organizations select information technology projects. - Answers resource allocation It is necessary that IT project managers have prior technical experience in creating and managing IT products. - Answers False