CIS517 CIS517 IT Project ManagementWeek 5 Midterm

Question: #798

Question: - Discuss the four main elements needed to bring an innovative idea to the marketplace. What are then some of the difficulties facing successful innovation?

Solution: #806

CIS517/CIS517 IT Project Management Week 5 Midterm

Question 1

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

Answer

a. CCA

b. CCB

c. CCC

d. CCD

Question 2

The project procurement management knowledge area maps to the ____ process group through the activity of administering procurements.

Answer

a. initiating
b. planning
c. executing
d. monitoring and controlling

Question 3

The first step in determining the NPV is to ____.

Answer

a. determine the estimated costs and benefits for the life of the project and the products it produces
b. determine the discount rate
c. calculate the net present value
d. determine the cash flow

Question 4

Some people say that ____ achieve the vision of a project.

Leaders

Managers

Stakeholders

supervisors

Answer

Question 5

4 out of 4 points

A(n) ____ is a document that formally recognizes the existence of a project and provides direction on the project’s objectives and management.

Answer

a. balanced scorecard
b. business case
c. net present value analysis
d. project charter

Question 6

Many companies have realized that information technology is integral to their business and have created a vice president or equivalent-level position for the head of information technology, often called the ____.

Answer

a. CEO

b. CIO

c. CFO

d. CPO

Question 7

The ____ model uses an approach in whic...