Question 1

In working with ROPMs (real option pricing models) and options valuation, a call option is a(n)

Accepted Answer

A)  obligation to purchase an asset at a later date at a fixed price. 
B)  obligation to either purchase or sell an asset at a later date at a strike price. 
C)  right to purchase an asset at a later date at a strike price. 
D)  right to purchase or sell an asset at a later date at a fixed price. 
E)  an obligation to sell an asset at a later date at a fixed price. 
A)  obligation to purchase an asset at a later date at a fixed price. 
B)  obligation to either purchase or sell an asset at a later date at a strike price. 
C)  right to purchase an asset at a later date at a strike price. 
D)  right to purchase or sell an asset at a later date at a fixed price. 
E)  an obligation to sell an asset at a later date at a fixed price.

Question 2

Which of the following is not a responsibility of effective change management?

Accepted Answer

A)  integrating legacy systems 
B)  dealing with fear and anxiety about new systems 
C)  training users of the new system 
D)  enforcing user participation at all stages of system development 
E)  ensuring users are properly trained 
A)  integrating legacy systems 
B)  dealing with fear and anxiety about new systems 
C)  training users of the new system 
D)  enforcing user participation at all stages of system development 
E)  ensuring users are properly trained

Question 3

The ________ reviews and approves plans for systems in all divisions.

Accepted Answer

A)  project management group 
B)  project team 
C)  IS steering committee 
D)  corporate strategic planning committee 
E)  chief executive officer (CEO) 
A)  project management group 
B)  project team 
C)  IS steering committee 
D)  corporate strategic planning committee 
E)  chief executive officer (CEO)

Question 4

The systems analyst is the catalyst for the entire change process and is responsible for making sure that everyone involved accepts the changes created by a new system.

Accepted Answer

A) True 
 B)False

Question 5

A planned series of related activities for achieving a specific business goal is called a(n) ________.

Accepted Answer

The answer of A planned series of related activities for...

Question 6

Which of the following is not one of the five main variables affecting project success?

Accepted Answer

A)  risk 
B)  vendors 
C)  time 
D)  quality 
E)  cost 
A)  risk 
B)  vendors 
C)  time 
D)  quality 
E)  cost

Question 7

Which of the following types of projects is most likely to fail?

Accepted Answer

A)  integration of a third-party automated payment system 
B)  replacement of middleware with Web services for legacy application integration 
C)  a business process redesign project that restructures workflow and responsibilities 
D)  redesigning a user interface to an online investment site 
E)  building a Web-based interface to an existing system 
A)  integration of a third-party automated payment system 
B)  replacement of middleware with Web services for legacy application integration 
C)  a business process redesign project that restructures workflow and responsibilities 
D)  redesigning a user interface to an online investment site 
E)  building a Web-based interface to an existing system

Question 8

Intangible benefits generally do not lead to quantifiable gains in the long run.

Accepted Answer

A) True 
 B)False

Question 9

On average, private sector IT projects underestimated budget and delivery time of systems by ________ percent.

Accepted Answer

A)  30 
B)  40 
C)  50 
D)  60 
E)  70 
A)  30 
B)  40 
C)  50 
D)  60 
E)  70

Question 10

An example of using an internal integration tool would be to

Accepted Answer

A)  define task dependencies. 
B)  include user representatives as active members of the project team. 
C)  create a PERT chart. 
D)  hold frequent project team meetings. 
E)  develop a system planning document for technical specialists. 
A)  define task dependencies. 
B)  include user representatives as active members of the project team. 
C)  create a PERT chart. 
D)  hold frequent project team meetings. 
E)  develop a system planning document for technical specialists.

Question 11

The central method used in a portfolio analysis is to

Accepted Answer

A)  inventory all of the organization's information systems projects and assets. 
B)  perform a weighted comparison of the criteria used to evaluate a system. 
C)  survey a large sample of managers on their objectives, decision-making process, and uses and needs for data and information. 
D)  interview a small number of top managers to identify their goals and criteria for achieving success. 
E)  score proposed systems on a number of dimensions, and select the one with the highest score. 
A)  inventory all of the organization's information systems projects and assets. 
B)  perform a weighted comparison of the criteria used to evaluate a system. 
C)  survey a large sample of managers on their objectives, decision-making process, and uses and needs for data and information. 
D)  interview a small number of top managers to identify their goals and criteria for achieving success. 
E)  score proposed systems on a number of dimensions, and select the one with the highest score.

Question 12

Which of the following is a limitation of using a financial approach to evaluate information systems?

Accepted Answer

A)  inability to measure ROI 
B)  inability to control vendor costs 
C)  inability to assess risk 
D)  inability to assess costs from organizational disruption 
E)  inability to assess the cost of technology 
A)  inability to measure ROI 
B)  inability to control vendor costs 
C)  inability to assess risk 
D)  inability to assess costs from organizational disruption 
E)  inability to assess the cost of technology

Question 13

You are using a capital budgeting method to assess the worth of your company's new information system. Which of the following costs would you include in measuring the cash outflow?

Accepted Answer

A)  increased sales of products 
B)  hardware and software expenditures 
C)  labor expenditures 
D)  reduced costs in production and operation 
E)  both B and C 
A)  increased sales of products 
B)  hardware and software expenditures 
C)  labor expenditures 
D)  reduced costs in production and operation 
E)  both B and C

Question 14

One of the five major variables in project management, ________ is an indicator of how well the project satisfies management objectives.

Accepted Answer

The answer of One of the five major variables in...

Question 15

You are the senior project manager for a Web development company with upwards of 100 current client projects. You have been assigned to evaluate two upcoming projects. One project is to develop a time- tracking solution that would allow your 20 freelancers to submit daily time sheets and would report on the time spent on each project. The other project is to redesign the client interface to the company extranet to make it easier to use. The extranet allows clients to log in and view their current Web sites under development, as well as view project statistics, documents, and progress reports. Compare the two projects in terms of risk factors.

Accepted Answer

Student answers will vary but should inc

Question 16

The worth of systems from a financial perspective essentially revolves around the issue of

Accepted Answer

A)  total cost of ownership. 
B)  adherence to information requirements. 
C)  asset utilization. 
D)  return on invested capital. 
E)  the cost of computing equipment. 
A)  total cost of ownership. 
B)  adherence to information requirements. 
C)  asset utilization. 
D)  return on invested capital. 
E)  the cost of computing equipment.

Question 17

The central method used in a scoring model is to

Accepted Answer

A)  inventory all of the organization's information systems projects and assets. 
B)  perform a weighted comparison of the criteria used to evaluate a system. 
C)  survey a large sample of managers on their objectives, decision-making process, and uses and needs for data and information. 
D)  interview a small number of top managers to identify their goals and criteria for achieving success. 
E)  calculate the return on investment for each system, and choose the system with the best return. 
A)  inventory all of the organization's information systems projects and assets. 
B)  perform a weighted comparison of the criteria used to evaluate a system. 
C)  survey a large sample of managers on their objectives, decision-making process, and uses and needs for data and information. 
D)  interview a small number of top managers to identify their goals and criteria for achieving success. 
E)  calculate the return on investment for each system, and choose the system with the best return.

Question 18

If an intended benefit of an IT project is improved decision making, managers should develop a set of metrics to quantify the value of an improved decision.

Accepted Answer

A) True 
 B)False

Question 19

You have been hired to implement an enterprise system that will automate much of the billing and accounting work for a statewide HVAC services company. Which of the following would you prepare to describe how the new system will affect a firm's structure and operations?

Accepted Answer

A)  information systems plan 
B)  internal integration report 
C)  sociotechnical design report 
D)  organizational impact analysis 
E)  strategic planning document 
A)  information systems plan 
B)  internal integration report 
C)  sociotechnical design report 
D)  organizational impact analysis 
E)  strategic planning document

Question 20

An example of using an external integration tool would be to

Accepted Answer

A)  define task dependencies. 
B)  include user representatives as active members of the project team. 
C)  create a PERT chart. 
D)  hold frequent project team meetings. 
A)  define task dependencies. 
B)  include user representatives as active members of the project team. 
C)  create a PERT chart. 
D)  hold frequent project team meetings.

In working with ROPMs (real option pricing models) and options valuation, a call option is a(n)

Which of the following is not a responsibility of effective change management?

The ________ reviews and approves plans for systems in all divisions.

The systems analyst is the catalyst for the entire change process and is responsible for making sure that everyone involved accepts the changes created by a new system.

A planned series of related activities for achieving a specific business goal is called a(n) ________.

Which of the following is not one of the five main variables affecting project success?

Which of the following types of projects is most likely to fail?

Intangible benefits generally do not lead to quantifiable gains in the long run.

On average, private sector IT projects underestimated budget and delivery time of systems by ________ percent.

An example of using an internal integration tool would be to

The central method used in a portfolio analysis is to

Which of the following is a limitation of using a financial approach to evaluate information systems?

You are using a capital budgeting method to assess the worth of your company's new information system. Which of the following costs would you include in measuring the cash outflow?

One of the five major variables in project management, ________ is an indicator of how well the project satisfies management objectives.

The worth of systems from a financial perspective essentially revolves around the issue of

The central method used in a scoring model is to

If an intended benefit of an IT project is improved decision making, managers should develop a set of metrics to quantify the value of an improved decision.

You have been hired to implement an enterprise system that will automate much of the billing and accounting work for a statewide HVAC services company. Which of the following would you prepare to describe how the new system will affect a firm's structure and operations?

An example of using an external integration tool would be to

Information Systems in Global Business Today

Global E-Business and Collaboration

Information Systems, Organizations, and Strategy

Ethical and Social Issues in Information Systems

It Infrastructure and Emerging Technologies

Foundations of Business Intelligence: Databases and Information Management

Telecommunications, the Internet, and Wireless Technology

Securing Information Systems

Achieving Operational Excellence and Customer Intimacy: Enterprise Applications

E-Commerce: Digital Markets, Digital Goods

Managing Knowledge

Enhancing Decision Making

Building Information Systems

Managing Global Systems

Filters

Exam 14: Managing Projects

In working with ROPMs (real option pricing models) and options valuation, a call option is a(n)

Which of the following is not a responsibility of effective change management?

The ________ reviews and approves plans for systems in all divisions.

The systems analyst is the catalyst for the entire change process and is responsible for making sure that everyone involved accepts the changes created by a new system.

A planned series of related activities for achieving a specific business goal is called a(n) ________.

Which of the following is not one of the five main variables affecting project success?

Which of the following types of projects is most likely to fail?

Intangible benefits generally do not lead to quantifiable gains in the long run.

On average, private sector IT projects underestimated budget and delivery time of systems by ________ percent.

An example of using an internal integration tool would be to

The central method used in a portfolio analysis is to

Which of the following is a limitation of using a financial approach to evaluate information systems?

You are using a capital budgeting method to assess the worth of your company's new information system. Which of the following costs would you include in measuring the cash outflow?

One of the five major variables in project management, ________ is an indicator of how well the project satisfies management objectives.

The worth of systems from a financial perspective essentially revolves around the issue of

The central method used in a scoring model is to

If an intended benefit of an IT project is improved decision making, managers should develop a set of metrics to quantify the value of an improved decision.

You have been hired to implement an enterprise system that will automate much of the billing and accounting work for a statewide HVAC services company. Which of the following would you prepare to describe how the new system will affect a firm's structure and operations?

An example of using an external integration tool would be to

Information Systems in Global Business Today

Global E-Business and Collaboration

Information Systems, Organizations, and Strategy

Ethical and Social Issues in Information Systems

It Infrastructure and Emerging Technologies

Foundations of Business Intelligence: Databases and Information Management

Telecommunications, the Internet, and Wireless Technology

Securing Information Systems

Achieving Operational Excellence and Customer Intimacy: Enterprise Applications

E-Commerce: Digital Markets, Digital Goods

Managing Knowledge

Enhancing Decision Making

Building Information Systems

Managing Global Systems

Filters