Is 425 Chapter 4 Part 1

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  • 1/10 Questions

    If estimates for total discounted benefits for a project are $120,000 and total discounted costs are $100,000, what is the estimated return on investment (ROI)?

    • $20,000
    • $120,000
    • 20%
    • 120%
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About This Quiz

IS 425 Chapter 4 Part 1 quiz assesses knowledge on project integration management, IT project selection, new product development best practices, compliance with new laws, and project financial evaluation. It evaluates critical project management skills and decision-making in IT and business contexts.

Project Management Quizzes & Trivia

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  • 2. 

    A ___________ is a document that formally recognizes the existence of a project and provides direction on the project's objectives and management.

    • Project charter

    • Contract

    • Business case

    • Project management plan

    Correct Answer
    A. Project charter
    Explanation
    A project charter is a document that formally recognizes the existence of a project and provides direction on the project's objectives and management. It outlines the project's purpose, scope, deliverables, stakeholders, and high-level timeline. It serves as a foundation for the project, providing a clear understanding of the project's goals and how it will be managed. The project charter is typically created at the initiation phase of a project and is used to gain approval and support from key stakeholders. It sets the stage for the project and guides its execution throughout its lifecycle.

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  • 3. 

    Which of the following is not a best practice for new product development projects?

    • Align projects and resources with business strategy

    • Select projects that will take less than 2 years to provide payback

    • Focus on customer needs in identifying projects

    • Assign project managers to lead projects

    Correct Answer
    A. Select projects that will take less than 2 years to provide payback
    Explanation
    It is not a best practice to select projects based on their payback period alone. While it is important to consider the financial viability of a project, solely focusing on projects that provide payback within 2 years may limit the organization's ability to pursue long-term, innovative projects that may have a higher potential for growth and success. It is crucial to consider other factors such as market demand, customer needs, and alignment with the business strategy when selecting new product development projects.

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  • 4. 

    Which is the last step in the four-stage planning process for selecting information technology projects?

    • Information technology strategy planning

    • Business area analysis

    • Mind mapping

    • Resource allocation

    Correct Answer
    A. Resource allocation
    Explanation
    The last step in the four-stage planning process for selecting information technology projects is resource allocation. After developing an information technology strategy plan, conducting a business area analysis, and using mind mapping techniques to brainstorm ideas, the final step is to allocate the necessary resources to implement the selected projects. This involves determining the budget, manpower, and other resources required to successfully execute the projects and achieve the desired outcomes.

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  • 5. 

    Which of the following items is not normally included in a project charter?

    • The name of the project manager

    • Budget information

    • Stakeholder signatures

    • A Gnatt Chart

    Correct Answer
    A. A Gnatt Chart
    Explanation
    A Gantt Chart is not normally included in a project charter. A project charter is a document that formally authorizes the existence of a project, outlines its objectives, scope, and stakeholders, and appoints a project manager. It also includes high-level information such as the project's purpose, deliverables, timeline, and budget. However, a Gantt Chart is a visual representation of the project schedule, showing the planned start and end dates of project activities. While it is a useful tool for project planning and tracking, it is not typically included in the project charter itself.

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  • 6. 

    Which of the following processes is not part of project integration management?

    • Develop the project business case

    • Develop the project charter

    • Develop the project management plan

    • Close the project or phase

    Correct Answer
    A. Develop the project business case
    Explanation
    Developing the project business case is not part of project integration management. Project integration management involves coordinating and integrating all the processes and activities within a project. It includes developing the project charter, which formally authorizes the project and defines its objectives and stakeholders. It also includes developing the project management plan, which outlines how the project will be executed, monitored, and controlled. Finally, it includes closing the project or phase, which involves finalizing all activities and delivering the project's final product, service, or result. Developing the project business case, on the other hand, is typically part of project initiation or project selection processes.

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  • 7. 

    A new government law requires an organization to report data in a new way.  Under which category would a new information system project to provide this data fall?

    • Problem

    • Opportunity

    • Directive

    • Regulation

    Correct Answer
    A. Directive
    Explanation
    The correct answer is "Directive" because a directive is a specific instruction or order given by an authority, such as a government, that must be followed. In this case, the new government law is requiring the organization to report data in a new way, which is an instruction or order that the organization must comply with. Therefore, a new information system project to provide this data would fall under the category of a directive, as it is a response to the instruction given by the government.

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  • 8. 

    __________ ensures that the description of the project's products are correct and complete.

    • Configuration management

    • Integrated change control

    • Integration management

    • A change control board

    Correct Answer
    A. Configuration management
    Explanation
    Configuration management ensures that the description of the project's products are correct and complete. It involves managing and controlling the project's configuration items, which are the products or components of the project. Configuration management ensures that the correct version of each configuration item is used, and that any changes to the configuration items are properly documented and controlled. It helps to ensure that the project's products meet the desired requirements and are of high quality.

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  • 9. 

    Which of the following is not a suggestion for performing integrated change control?

    • Use good configuration management

    • Minimize change

    • Establish a format control system

    • View project management as a process of constant communication and regulation

    Correct Answer
    A. Minimize change
    Explanation
    The suggestion of "Minimize change" is not a recommendation for performing integrated change control because integrated change control involves systematically reviewing, evaluating, and approving or rejecting proposed changes to the project. Minimizing change would imply avoiding or reducing the number of changes, which is not in alignment with the purpose of integrated change control. Integrated change control aims to ensure that all changes are properly assessed and managed to prevent negative impacts on the project's scope, schedule, and budget.

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  • 10. 

    What tool and technique is used for all of the other project integration management processes?

    • Project management software

    • Templates

    • Expert judgment

    • All of the above

    Correct Answer
    A. Expert judgment
    Explanation
    Expert judgment is used for all of the other project integration management processes. Expert judgment involves seeking advice and guidance from individuals or groups who have specialized knowledge or experience in a particular area. In project integration management, expert judgment is used to make informed decisions, provide insights, and offer recommendations on various aspects of the project. It is a valuable tool and technique that helps project managers in integrating all the different processes and ensuring the successful execution of the project.

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Quiz Review Timeline (Updated): Mar 21, 2023 +

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  • Current Version
  • Mar 21, 2023
    Quiz Edited by
    ProProfs Editorial Team
  • Oct 19, 2009
    Quiz Created by
    Roadman19771
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