In project integration management, directing and managing project execution involves carrying out the project management plan by performing the activities included in it. Show
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Interface management involves identifying and managing the points of interaction between various elements of a project. The number of interfaces in a single project is limited, and does not depend on the number of people involved in the project. False; Project integration management must occur just within the context of a particular project. False; A SWOT analysis, being a linear process, cannot be performed using the nonlinear mind mapping technique. False; An organization’s information technology project selection process should guide the strategic plan. False; Information systems can help an organization support a strategy of being a low-cost producer. Projects that address broad organizational needs are likely to fail As projects progress, the organization must reevaluate the need, funding, and will for each project to determine if the project should be continued, redefined, or terminated. Opportunities and directives are essentially the same thing. False; Projects that arise as a result of problems and directives must be resolved quickly to avoid hurting an organization’s business. The organization should complete low-priority projects before high-priority ones, if the low-priority ones take less time.
False; An organization should consider only projects with a negative NPV if financial value is a key criterion for project selection. False; NPV analysis is a method for making equal comparisons between cash flows for multi-year projects. An annual discount factor is a multiplier for each year based on the discount rate and year. The ROI is always positive. 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. A project charter typically does not authorize the project manager to use organizational resources to complete the project. Some organizations initiate projects using a contract in place of a project charter. The introduction or overview of a project must only include a list of definitions and
acronyms. False; A Gantt chart is the same as a project management plan. It is necessary that IT project managers have prior technical experience in creating and managing IT products. False; Corrective actions reduce the probability of negative consequences associated with project risks, while preventive actions should result in improvements in project performance. False: Change requests are always made in writing. Organizational process asset updates are an important output of the closing process of a project. _____ involves working with stakeholders to create the document that formally authorizes a project. Developing the project charter _____ involves coordinating all planning efforts to create a consistent, coherent document. Developing the project management plan The outputs of the _____ process include change request status updates, project management plan updates, and project document updates. monitoring and controlling The first step in the planning process is _____. to tie the information technology strategic plan to the organization’s overall strategic plan The _____ stage of
information technology planning outlines business processes that are central to achieving strategic goals and helps determine which ones could most benefit from information technology. In the _____ stage of selecting information technology projects, organizations define project scope, benefits, and constraints. In the _____ stage of selecting information technology projects, organizations select information technology projects. _____ are new requirements imposed by management, government, or some external influence. _____ analysis is 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. Benefits minus costs is known as the _____. The first step in determining the NPV is to _____. determine the estimated costs and benefits for the life of the project and the products it produces Which of the following is true of return on investment or ROI? It is always a percentage. The _____ is the minimum acceptable rate of return on an investment. the net cumulative benefits equal the net cumulative costs. A project’s internal rate of return can be determined by finding what discount rate results in an NPV of _____ for the project. In a weighted scoring model, the sum of the weights of all the criteria must total _____ percent. A _____ is a document that recognizes the existence of a project and provides direction on the project’s objectives and management. The business case includes information on _____. the project objective, high-level requirements, and time and cost goals Which of the following are organizational process assets? A _____ is a document used to coordinate all project planning documents and help guide a project’s execution and control. The _____ section of the project plan should describe the major project functions and activities and identify those individuals who are in charge of them. The _____ section of the project management plan describes how to monitor project progress and handle changes. The project schedule information section of the project management plan includes ____. The _____ section of the project management plan describes specific methodologies a project might use and explains how to document information. The majority of time on a project is usually spent on _____, as is most of the project’s budget. _____ should result in improvements in project performance. Which of the following is a proactive process undertaken to reduce the probability of negative consequences associated with project risks? An IT company revises its process parameters in response to complaints from vendors that products were not ready on time. This would be an example of _____. A(n) _____ is a formal, documented process that describes when and how official project documents may be modified, the people authorized to make modifications, and the paperwork required for these changes. ____ 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. What is included in project integration management?Project integration management is the coordination of all elements of a project. This includes coordinating tasks, resources, stakeholders, and any other project elements, in addition to managing conflicts between different aspects of a project, making trade-offs between competing requests, and evaluating resources. What are the three components of project integration?Monitor and control project work. Perform integrated change control. Close project or phase. What are the 4 levels of integration management?Project Integration Management Process Groups. Initiation Process Groups.. Planning Process Group:. Execution Process Group.. Monitoring & Controlling Process Group.. Which of the following process is not associated with project integration management area?Explanation. Business case development is not a part of project integration. What is the first and most important step for a successful project execution?Project launch or execution
First, you need to ensure that you have the deliverables of the project set in stone – you should know what needs to be completed, how it should be done, who needs to work on it, and when it has to be complete by (with some flexibility, depending on the risks you've identified).
What is the first step in the planning process?The first step in the process of planning is to set the objective for the plan.
Is a good start to lay down the groundwork for project before it officially starts?It is good practice to lay the groundwork for a project after it officially starts. A stakeholder management strategy is an approach to help increase the support of stakeholders throughout the project.
What is the first step in determining NPV?The first step to determining the NPV is to estimate the future cash flows that can be expected from the investment. Then use the appropriate discount rate to discount the future cash flows to find the present value of the cash flows so that they can be compared with the initial investment cost.
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The organization should complete low-priority projects before high-priority ones
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