Exam 3: Project Management

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What are the five major project management fundamentals?

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PERT diagrams are useful when activities can be done in parallel rather than in sequence.

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COTS stands for commercial off-the-shelf and refers to software packages that are purchased.

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When assembling a team, a project manager should look for people with both experience and enthusiasm.

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A disadvantage of buying computer hardware is the initial cost of purchasing the equipment is often very high.

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After the objectives are stated, the relative importance of the issues or objectives must be determined.

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Which of following is not a specific criteria for project selection?

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Operational feasibility deals with the basic resources to consider, which are your time and that of the systems analysis team, the cost of doing a full systems study (including the time of employees you will be working with), the cost of the business employee time, the estimated cost of hardware, and the estimated cost of software or software development.

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The value of a fishbone diagram is to systematically list all of the problems that can occur.

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________ gives information about the gap between actual and intended performance.

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In ecommerce systems, the data is scattered across the organization.

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Feedback gives information about the gap between actual and intended performance.

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Tangible benefits are advantages measurable in ________ that accrue(s)to the organization through the use of the information system.

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After the objectives are stated on a problem definition, the relative ________ of the issues or objectives must be determined.

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Present value analysis helps the systems analyst to present to business decision makers the time value of the investment in the information system as well as the cash flow.

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A PERT diagram does not allow for easy identification of the critical path and thus critical activities.

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A feasibility study is used to gather broad data for the members of management that in turn enables them to make a decision on whether to proceed with a systems study.

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Intangible costs are those that can be accurately projected by the systems analyst and the business's accounting personnel.

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Cash-flow analysis examines the direction, size, and pattern of cash flow that is associated with the proposed information system.

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