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ch4 - ch4 True/False Indicate whether the statement is true...

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ch4 True/False Indicate whether the statement is true or false. ____ 1. Directing and managing project execution involves carrying out the project management plan by performing the activities included in it. ____ 2. Many people consider project integration management the key to overall project success. ____ 3. Project integration management does not include interface management. ____ 4. The number of interfaces can increase exponentially as the number of people involved in a project increases. ____ 5. Project integration management must occur just within the context of a particular project. ____ 6. Project managers should never be involved in strategic planning and project selection. ____ 7. Strategic planning involves determining long-term objectives by analyzing the strengths and weaknesses of an organization, studying opportunities and threats in the business environment, predicting future trends, and projecting the need for new products and services. ____ 8. An organization’s information technology project selection process should guide the strategic plan. ____ 9. Information systems can help an organization support a strategy of being a low-cost producer. ____ 10. Selecting projects is considered an exact science. ____ 11. As projects progress, the organization must reevaluate the need, funding, and will for each project to determine if the project should be continued, redefined, or terminated. ____ 12. Opportunities and directives are essentially the same thing. ____ 13. Many problems and directives must be resolved quickly. ____ 14. The organization should complete low-priority projects before high-priority ones, if the low-priority ones take less time. ____ 15. You can use the NPV function in Microsoft Access to calculate the NPV quickly. ____ 16. Net present value and cash flow mean the same thing. ____ 17. An annual discount factor is a multiplier for each year based on the discount rate and year. ____ 18. The ROI is always positive. ____ 19. Payback period is the amount of time it will take to recoup, in the form of net cash inflows, the total dollars invested in a project. ____ 20. The first step in creating a weighted scoring model is to assign a weight to each criterion. ____ 21. A project charter typically does not authorize the project manager to use organizational resources to complete the project. ____ 22. Some people might use a contract in place of a charter. ____ 23. Many projects fail because of unclear requirements and expectations, so starting with a project charter makes a lot of sense. ____ 24. Project management plans document project planning assumptions and decisions regarding choices.
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____ 25. The introduction or overview of a project must only include a list of definitions and acronyms. ____ 26. A stakeholder analysis should be part of the overall project plan. ____ 27. The key deliverables section of the project management plan should describe the quality expectations for the product deliverables.
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