Exam 12: Project Management and Strategic Planning

Introduction of new information systems involves change, especially when some processes are drastically revised or eliminated through business process management efforts.

The stage at which early phase managers identify the major players in the project, including the sponsor, the project manager, the team members, and other stakeholders, is known as the ________. A) executing process B) initiating process C) monitoring process D) controlling process

A(n) ________ is an orderly listing of actual tasks that a project team must complete to produce the project's deliverables. A) work breakdown structure B) business case C) executive summary D) mission statement

A real estate developer in the New Jersey area purchases a large tract of land and plans to build an apartment complex equipped with a golf course and other amenities. The developer is targeting the affluent software engineers from Manhattan who are looking for second homes. Halfway through the process of construction, recession hits the nation and many people lose their jobs. There are no takers for the apartments the developer is building, as homebuyers look for less expensive options. The developer, dismayed at the huge investment he has already made in the project, decides that it would be unwise to stop the project and plans to go ahead with it. The developer's reasoning is consistent with the idea of ________.

Lack of customization and high stakeholder involvement are amongst some of the most cited reasons for project failure.

Which of the following tools helps keep a project on track to meet its deadlines by listing tasks on a work breakdown schedule?

What is a black swan in a business environment? Explain.

Which of the following best describes project portfolio management? A) a process that oversees all projects and selects which projects to pursue B) a process that integrates a company's project with a prospective external project C) a process that creates and visualizes projects from scratch D) a process that tracks the progress of projects and adjusts their scope accordingly

Explain how project management software helps managers to plan and track projects.

Which of the following statements is true about acceptable-use policies?

A kick-off meeting involves ________. A) project stakeholders meeting one another to review the project charter B) the project manager assessing the outcomes of the project and measuring its effectiveness C) the project team convening together to submit a proposal for a project D) project stakeholders meeting before the executing process is started

Which of the following functions does a project charter perform?

The ________ lays out rules about what employees are allowed to do with IT resources and what activities are disallowed.

A key document that authorizes the project is the project charter which shows that the project has the commitment and support of senior management.

Which of the following is true of black swan events?

The closing phase of a project should also include a process that documents the lessons learned from the project.

A confirmation bias is a rare human tendency to believe that an event was predictable even if it was not.

Which of the following is a critical success factor for projects? A) involvement and buy-in from a niche segment of end users B) a strategy to manage conflicts among stakeholders C) a design strategy that helps isolate existing and old legacy systems from new systems D) informal agreements with consultants and vendors to build trust

Binding, formal agreements with vendors and consultants are essential to the success of a project.

Which of the following best describes a project charter? A) a document which lists the outcomes of a project B) a document that tracks the progress of a project C) a key document that authorizes a project D) an informal document that assesses the effectiveness of a project