. It is not wise to identify tasks for a current project using existing methodology, because methodologies that have been used by an organization for other projects probably will not work for this project without extensive changes.

. It is not wise to identify tasks for a current project using existing methodology, 

because methodologies that have been used by an organization for other projects probably

will not work for this project without extensive changes.

by

1 Answer

Answer :

Ans: False
by

Related questions

One of the greatest weaknesses of systems consulting firms is that they try to apply estimates and methodologies that they have developed over time and applied to other projects, most of which are very different from the current project.

Description : One of the greatest weaknesses of systems consulting firms is that they try to apply  estimates and methodologies that they have developed over time and applied to other  projects, most of which are very different from the current project.

Last Answer : Ans: False

Ryan, a newly hired systems analyst/consultant, is about to begin a systems project. Where will Ryan look first to locate the identifiable tasks he will record in his work plan? a. call a friend at a competing firmb. his Systems Analysis text book from college c. the company training materials for the company methodology d. the project planning software available at the local bookstore e. the website of his old college professor

Description : Ryan, a newly hired systems analyst/consultant, is about to begin a systems project.  Where will Ryan look first to locate the identifiable tasks he will record in his work plan?  a. ... . the project planning software available at the local bookstore  e. the website of his old college professor

Last Answer : c. the company training materials for the company methodology

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Last Answer : Ans: False

Project managers can develop task lists for a project with the help of _____. a. established methodologies b. system proposals c. system requests d. user application hardware e. user requirements

Description : Project managers can develop task lists for a project with the help of _____.  a. established methodologies  b. system proposals  c. system requests  d. user application hardware  e. user requirements

Last Answer : a. established methodologies

Listing goals of each existing and proposed project is first step in A. Data Collection B. Establishment of Project council C. Prioritizing the projects D. Identification of project categories

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To identify the tasks for a work plan the project manager can _____. a. control and direct the project b. estimate the size, staff the project, and remember technical skills c. establish a possible reporting structure d. list the four phases of the SDLC and the steps that occur in each e. set conservative numbers for the project software

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An Organizational Breakdown Structure (OBS) is used to identify: a. the reporting structure and current availability of all individuals in the project. b. technical ability and line of communication for all individuals in the project. c. lines of communication and responsibility for all the individual managers in the project. d. the reporting structure and lines of communication for all individuals in the projects.

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An Organisational Breakdown Structure (OBS) is used to identify: a. the reporting structure and current availability of all individuals in the project.b. technical ability and line of communication for all individuals in the project. c. lines of communication and responsibility for all the individual managers in the project.d. the reporting structure and lines of communication for all individuals in the projects.

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Which of the following statements is correct regarding the internal rate of return (IRR) method? A. Each project has a unique internal rate of return. B. As long as you are not dealing with mutually exclusive projects, capital rationing, or unusual projects having multiple sign changes in the cash-flow stream, the internal rate of return method can be used with reasonable confidence. C. The internal rate of return does not consider the time value of money. D. The internal rate of return is rarely used by firms today because of the ease at which net present value is calculated

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Once the project is approved and moves into the planning stage, what happens in the next phase of the project life cycle?Select one: a. Agreements for risk sharing need to be concluded. b. The total risk on the project typically reduces as activities are performed without loss. c. Risks must be weighed against the potential benefit of the project’s success in order to decide if the project should be chosen. d. Risks are identified with each major group of activities. e. A risk response plan can be used to identify increasing levels of detailed risk analysis

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A project planning methodology is any structured approach used to guide the project team during development of the project plan. What is an example of this methodology? 1. Standard forms or templates. 2. Upper management involvement 3. Functional work authorizations4. Stakeholders skills

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The main outcome of risk identification, in a risk management process, is to: a. identify and determine the relative importance of the project risks. b. identify and describe all risks that might occur on the project. c. identify and determine the responses to the project risks. d. identify and describe risks that have occurred on previous projects.

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Last Answer : b. identify and describe all risks that might occur on the project.

The project team has just determined that the deadline for completion will not be met. In order to deliver a high quality system on schedule, the team has requested that the features be prioritized and that a fixed deadline be imposed for the project. This technique is referred to as SDLC methodology.

Description :  The project team has just determined that the deadline for completion will not be met.  In order to deliver a high quality system on schedule, the team has requested that the  features be ... that a fixed deadline be imposed for the project. This technique  is referred to as SDLC methodology.

Last Answer : Ans: False

What is the most accurate method of obtaining project information that can reduce the amount of risk? 1. Observations on the current project 2. Determining the risk by using brainstorming techniques 3. The use of historical data from previous projects that were similar in nature 4. Sensitivity analysis 5. Delphi technique.

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)In a program or project plan, there are always revisions to account for new or missing data. Which one of the following provides the best reason for performing a revision of the plan? 1. A supplier has changed the way their product is delivered to your supplier 2. Project tasks are crashed to meet their end dates 3. Human resources will remain constant through out the project 4. Historical data on a similar project suggests that risk events are not included in the current plan.

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The traditional Work Breakdown Structure makes it easy to compare the current project with past projects.

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Last Answer : Ans: False

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Traditional Work Breakdown Structures tend to a. focus on the design of the system as oppose to the needs of the current phase and iteration b. force too many levels of detail early on for large project and they tend to allow too few level of detail for small projects c. be too specific for the project and difficult to compare across projects d. all of the above e. none of the above

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Which one of the following best describes project managc. Utilizing team members who can work on a project full time. d. Application of processes and methods throughout the project life cycle.ement? a. Using APM’s Body of Knowledge 6th edition as a guide to all projects. b. Employing a project manager who has undertaken similar projects.

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Last Answer : d. Application of processes and methods throughout the project life cycle.

Which one of the following best describes project management? a. Using APM’s Body of Knowledge 6th edition as a guide to all projects. b. Employing a project manager who has ud. Application of processes and methods throughout the project life cycle.ndertaken similar projects. c. Utilising team members who can work on a project full time.

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Creating a work plan requires three steps: identify the tasks that need to be accomplished, estimate the time that it will take to complete the tasks, and record the task completion time in a Gantt Chart.

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Configuration management is best described as: a. control in the implementation of changes to project schedules. b. an organization to review proposed changes to the project deliverables. c. quality control of project deliverables and documentation. d. creation, maintenance and controlled change of the project deliverables.

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Which one of the following is captured in the Work Breakdown Structure (WBS)? a. The life cycle phases. b. The logical order of tasks. c. The scope of the project. d. Project costs.

Description : Which one of the following is captured in the Work Breakdown Structure (WBS)? a. The life cycle phases. b. The logical order of tasks. c. The scope of the project. d. Project costs.

Last Answer : c. The scope of the project.

Which one of the following is captured in the Work Breakdown Structure (WBS)? A.The life cycle phases B.The logical order of tasks C.The scope of the project D. Project costs

Description : Which one of the following is captured in the Work Breakdown Structure (WBS)?  A.The life cycle phases  B.The logical order of tasks  C.The scope of the project  D. Project costs

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CASE tool is a popular graphic depiction of the work plan that lists project tasks along a y-axis, time along an x-axis, and uses shaded boxes to represent tasks.

Description : CASE tool is a popular graphic depiction of the work plan that lists project tasks along a y-axis, time along an x-axis, and uses shaded boxes to represent tasks.

Last Answer : Ans: False

The work plan records and keeps track of all of the tasks that need to be accomplished over the life of the project, listing each task, along with important information about it, such as when it needs to be completed, the person assigned to do the work, and any deliverables that will result.

Description : The work plan records and keeps track of all of the tasks that need to be accomplished  over the life of the project, listing each task, along with important information about it,  such as when it needs to be completed, the person assigned to do the work, and any  deliverables that will result.

Last Answer : Ans: True

The _____ is a dynamic schedule that logs and monitors all of the tasks that need to be accomplished for the length of the project. a. margin of error b. project mand. timebox e. work planager c. project objective

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The three steps of project management are _____. a. controlling the project, directing the project, and creating the work plan b. creating the work plan, staffing the project, and controlling and directing the project c. directing the project, creating the work plan, and naming the tasks d. naming the tasks, creating the work plan, and completing the deliverables e. setting the start date, estimating the time, and reading the actual time

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Which one of the following is captured in the Work Breakdown Structure (WBS)? a. The life cycle phases. b. The logical order of tasks. c. The scope of the project. d. Project costs

Description : Which one of the following is captured in the Work Breakdown Structure (WBS)?  a. The life cycle phases.  b. The logical order of tasks.  c. The scope of the project.  d. Project costs

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Estimates from the planning stage will need to be refined as the project progresses, because it is virtually impossible to develop an exact assessment of the project’s schedule before the analysis and design phases are conducted.

Description : Estimates from the planning stage will need to be refined as the project progresses,  because it is virtually impossible to develop an exact assessment of the project’s schedule  before the analysis and design phases are conducted.

Last Answer : Ans: True

A Project control system: 1. Monitors and controls the project's schedule, costs, scope, budgets etc 2. Is a mechanism which reacts to the current project status in order to endure accomplishment of project objectives 3. Is only needed on large mega projects 4. Is a system for controlling and executing project documentation in an uniform and timely manner

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Last Answer : 1. Monitors and controls the project's schedule, costs, scope, budgets etc

A profitability index (PI) of .92 for a project means that . A. The project's costs (cash outlay) are (is) less than the present value of the project's benefits B. The project's NPV is greater than zero C. The project's NPV is greater than 1 D. The project returns 92 cents in present value for each current rupee invested (cost)

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Last Answer : C. The project's NPV is greater than 1

Which of the following statements is true regarding contracts? Select one: a. They are the filters through which project members screen information that is shared. b. They do not lend themselves to create an environment of trust. c. The success of larger, more complex projects is more dependent on contracts than on relationships of trust. d. Without contracts, projects that are highly dependent on an information-rich environment will suffer. e. Contracts promote the growth of a trusting project culture.

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Which of the following statements is incorrect regarding a normal project? A. If the NPV of a project is greater than 0, then its PI will exceed 1. B. If the IRR of a project is 8%, its NPV, using a discount rate, k, greater than 8%, will be less than 0.C. If the PI of a project equals 0, then the project's initial cash outflow equals the PV of its cash flows. D. If the IRR of a project is greater than the discount rate, k, then its PI will be greater than 1.

Description : Which of the following statements is incorrect regarding a normal project? A. If the NPV of a project is greater than 0, then its PI will exceed 1. B. If the IRR of a project is 8%, its NPV, using ... the IRR of a project is greater than the discount rate, k, then its PI will be greater than 1.

Last Answer : D. If the IRR of a project is greater than the discount rate, k, then its PI will be greater than 1.

. A key aspect of managing a project involves: a. definingb. identifying routine tasks. c. ensuring ongoing operations are maintained. d. planning to achieve defined objectives which operational systems to put in place.

Description : . A key aspect of managing a project involves: a. defining which operational systems to put in place. b. identifying routine tasks. c. ensuring ongoing operations are maintained. d. planning to achieve defined objectives

Last Answer : d. planning to achieve defined objectives.

Project management is the job of organising, coordinating, and controlling the various tasks and resources in order to successfully complete a project. (True/False

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Last Answer : Ans. True

PERT chart can be used to track the tasks of a project when task time estimates are fairly uncertain.

Description : PERT chart can be used to track the tasks of a project when task time estimates are  fairly uncertain.

Last Answer : Ans: True

A key aspect of managing a project involves: a. defining which operational systems to put in place. b. identifying routine tasks. c. ensuring ongoing operations are maintained. d. planning to achieve defined objectives.

Description : A key aspect of managing a project involves:  a. defining which operational systems to put in place. b. identifying routine tasks.  c. ensuring ongoing operations are maintained.  d. planning to achieve defined objectives.

Last Answer : d. planning to achieve defined objectives.

The Scope Statement should contain which of the following? 1. Project schedule 2. Project budget constraints 3. Summary of project tasks , deliverables and resources required 4. Project objectives

Description : The Scope Statement should contain which of the following? 1. Project schedule  2. Project budget constraints  3. Summary of project tasks , deliverables and resources required  4. Project objectives

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Each project phase is marked by completion of one or more:1. Tasks. 2. Milestones 3. Deliverables 4. Life cycles

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