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Exam 4: Project Integration Management

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Question 31

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_____ are new requirements imposed by management, government, or some external influence.

A) Opportunities
B) Charters
C) Problems
D) Directives

E) All of the above
F) B) and C)

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Question 32

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What is a project charter? Discuss the inputs that can aid the development of a project charter.

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A project charter is a document that for...

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Question 33

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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.

The _____ section of the project management plan describes specific methodologies a project might use and explains how to document information.

The ROI is always positive.

Organizational process asset updates are an important output of the closing process of a project.

_____ 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.

What is integrated change control? What are the main objectives of integrated change control?

Some organizations initiate projects using a contract in place of a project charter.

_____ is the result of subtracting the project costs from the benefits and then dividing by the costs.

Projects that arise as a result of problems and directives must be resolved quickly to avoid hurting an organization's business.

A(n) _____ is a methodology that converts value drivers, such as customer service, innovation, operational efficiency, and financial performance, to a series of defined metrics.

A SWOT analysis, being a linear process, cannot be performed using the nonlinear mind mapping technique.

A(n) _____ is a formal group of people responsible for approving or rejecting changes to a project.

_____ involves identifying, evaluating, and managing changes throughout the project life cycle.

A project's internal rate of return can be determined by finding what discount rate results in an NPV of _____ for the project.

In project integration management, directing and managing project execution involves carrying out the project management plan by performing the activities included in it.

A positive NPV means the return from a project exceeds the _____, the return available by investing the capital elsewhere.

It is necessary that IT project managers have prior technical experience in creating and managing IT products.

_____ should result in improvements in project performance.