Identify, from among the following, the correct statement. a) One of the main challenges Engineering facing today is the requirement of most systems to wob) ‘Legacy systems’ are custom developed systems for the legal domain c) does not wear-out in the traditional sense of the term, but does tend to deteriorate as it evolves d) Since is essentially ‘intangible’ it is relatively easy to manage projects With the advent of component based assembly, we find that onlyless than 20% of today’s is still custom builtrk with a multitude of homogenous systems

Identify, from among the following, the correct statement.

a) One of the main challenges Engineering facing today is the

requirement of most systems to work with a multitude of 

homogenous systems

b) ‘Legacy systems’ are custom developed systems for the legal 

domain

c) does not wear-out in the traditional sense of the term, but 

does tend to deteriorate as it evolves

d) Since is essentially ‘intangible’ it is relatively easy to manage

projects With the advent of component based assembly, we find 

that onlyless than 20% of today’s is still custom built
by

1 Answer

Answer :

c) does not wear-out in the traditional sense of the term, but 

does tend to deteriorate as it evolves
by

Related questions

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

Description : 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 difficult to compare across projects  d. all of the above  e. none of the above

Last Answer : d. all of the above

Which among the following is incorrect about characteristics of Software: a) Software is developed, it is not manufactured b) Software does not "wear out" c) Although the industry is moving toward component based construction, most software continues to be custom built d) None of These

Description : Which among the following is incorrect about characteristics of Software: a) Software is developed, it is not manufactured b) Software does not "wear out" c) Although the industry is moving toward component based construction, most software continues to be custom built d) None of These

Last Answer : d) None of These

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

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

Last Answer : Ans: False

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

Component-based Engineering allows faster delivery. a) True b) False

Description : Component-based Engineering allows faster delivery. a) True b) False

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The main aim of a project risk management process should be to: a. identify project risks and then manage them appropriately. b. identify all project risks and transfer them immediately. c. identify all the things that are threats or opportunities on a project. d. satisfy the organization’s project management process.

Description : The main aim of a project risk management process should be to: a. identify project risks and then manage them appropriately. b. identify all project risks and transfer them immediately. c ... are threats or opportunities on a project. d. satisfy the organization's project management process.

Last Answer : a. identify project risks and then manage them appropriately.

The main aim of a project risk management process should be to: a. identifies project risks and then manage them appropriately. b. identify all project risks and transfer them immediately. c. identify all the things that are threats or opportunities on a project. d. satisfy the organisation’s project management process.

Description : The main aim of a project risk management process should be to:  a. identifies project risks and then manage them appropriately.  b. identify all project risks and transfer them immediately.  ... are threats or opportunities on a project.  d. satisfy the organisation's project management process.

Last Answer : a. identifies project risks and then manage them appropriately.

Which one of the following statements is true? a. Business-as-usual activities cannot be improved. b. Business-as-usual activities are more difficult to manage than projects. c. Projects are transient endeavours that bring about change to business-as-usual. d. A project is always the starting point for operation refinement

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Last Answer : c. Projects are transient endeavours that bring about change to business-as-usual.

Which one of the following statements is true? a. Business-as-usual activities cannot be improved. b. Business-as-usual activities are more difficult to manage than projects. c. Projects are transient endeavours that bring about change to business-as-usual. d. A project is always the starting point for operation refinement.

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Last Answer : c. Projects are transient endeavours that bring about change to business-as-usual

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.

Description : 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 ... responses to the project risks. d. identify and describe risks that have occurred on previous projects.

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

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.

Which technique is applicable when other projects in the same analogy application domain have been completed? a) Algorithmic cost modelling b) Expert judgement c) Estimation by analogy d) Parkinson’s Law

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Unlike traditional Work Breakdown Structures (WBS), evolutionary WBSs are a. organized in a standard manner across all projects b. created in an iterative and incremental manner c. designed so one can compare the current project to past projects d. all of the above e. none of the above

Description : Unlike traditional Work Breakdown Structures (WBS), evolutionary WBSs are  a. organized in a standard manner across all projects  b. created in an iterative and incremental manner  c. designed so one can compare the current project to past projects  d. all of the above  e. none of the above

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Project Management focuses on _____ goals.(A) targeted (B) long-term (C) tangible (D) intangible

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Portfolio Management focuses on _____ goals. (A) targeted (B) long-term (C) tangible (D) intangible

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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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Last Answer : D. The internal rate of return is rarely used by firms today because of the ease at which net present value is calculated.

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.

Description : 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 ... of return is rarely used by firms today because of the ease at which net present value is calculated.

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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 sigD. The internal rate of return is rarely used by firms today because of the ease at which net present value is calculatedn 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.

Description : 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 ... of return is rarely used by firms today because of the ease at which net present value is calculated

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Which one of the following is a responsibility of the project steering group/board? a. To identify potential problems for the project team to solve. b. To provide strategic direction and guidance to the sponsor. c. To manage the project team in all daily activities. d. To receive and consider daily reports from team members.

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A critical success factor for project management is to _____. a. create a work plan b. follow the three steps of project management c. identify most project tasks d. manage the hundreds of tasks

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Which one of the following is a responsibility of the project steering group/board? a. To identify potential problems for the project team to solve. b. To provide strategic direction and guidance to the sponsor. c. To manage the project team in all daily activities. d. To receive and consider daily reports from team members.

Description : Which one of the following is a responsibility of the project steering group/board?  a. To identify potential problems for the project team to solve.  b. To provide strategic direction and ... project team in all daily activities. d. To receive and consider daily reports from team members.

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Engineering: a) Is a set of rules about developing products b) Has been around as a discipline since the early 50’s c) Started as a response to the so-called ‘ Crisis’ of the late 90’s d) Is an engineering discipline concerned with all the aspects of production e) Is now a mature discipline on par with other established engineeringfields

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The most significant challenge to project managers is _____. a. lack of project management training b. no one really understands how to manage a complex systems development project c. the lack of tools that can assist in controlling project progress d. unrealistic schedule demands by project sponsors

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Costs that are not directly related to the products or services of the project, but are indirectly related to performing the project. A. Intangible Costs B. Sunk Cost C. Tangible Costs D. Indirect Costs

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Once the project is approved and moves into the planninb. 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 analysisg stage, what happens in the next phase of the project life cycle? Select one: a. Agreements for risk sharing need to be concluded.

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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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. 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.

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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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A planning phase for an engineering component generated 80 engineering drawings. The QA team randomly selected 8 drawings for inspection. This exercise can BEST be described as example of: A. Inspection B. Statistical Sampling C. Flowcharting D. Control Charting

Description : A planning phase for an engineering component generated 80 engineering drawings. The QA team randomly selected 8 drawings for inspection. This exercise can BEST be described as example of: A. Inspection B. Statistical Sampling C. Flowcharting D. Control Charting

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.A planning phase for an engineering component generated 80 engineering drawings. The QA team randomly selected 8 drawings for inspection. This exercise can BEST be described as example of:A. Inspection B. Statistical Sampling C. Flowcharting D. Control Charting

Description : .A planning phase for an engineering component generated 80 engineering drawings. The QA  team randomly selected 8 drawings for inspection. This exercise can BEST be described as  example of: A. Inspection B. Statistical Sampling C. Flowcharting D. Control Charting

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What are the most significant economic trends and challenges facing the world today, and how might they be addressed?

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Description : What are the major challenges facing Indian agriculture today?

Last Answer : Need answer

Which is not a component of ERP? a. Legacy systems b. Bolt on applications c. Operational database d. Cybersoft

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Last Answer : A. Long-term funds are more expensive than short-term funds but also riskier

_____ are a form of product that consists of activities, benefits, or satisfactions offered for sale that are essentially intangible and do for sale that are essentially intangible and do not result in the ownership of anything. result in the ownership of anything. a. Line extensions b. Services Services c. Brands d. Consumer products

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Determining the policies that are needed for the smooth execution of a project relates to which of the following agenda items of alignment sessions? Select one: a. Developing a common understanding of the project purpose b. Establishing trust among team members c. Engaging stakeholders in dialogue d. Developing role clarification on projects e. Agreeing on the means and methods for accomplishing the purpose

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Last Answer : d. Developing role clarification on projects

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Description : Project management is the second major component of the planning phase of the  systems development life cycle (SDLC), and it includes three steps: creating the work  plan, staffing the project, and controlling and directing the project.

Last Answer : Ans: True

"How will conflicts over resources/facility usage between this and other projects be settled?", is critically settled at level A. Main program B. Project formation C. Project Buildup D. Project Buildup

Description : "How will conflicts over resources/facility usage between this and other projects be settled?", is critically settled at level A. Main program B. Project formation C. Project Buildup D. Project Buildup

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How will conflicts over resources/facility usage between this and other projects be settled?", is critically settled at level A. Main program B. Project formation C. Project Buildup D. Project Buildup

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All of the following are true regarding the Qualitative Risk Analysis process except which one? A. Probability and impact and expert interview are used to help correct biases that occC. Qualitative Risk Analysis is an easy method of determining risk probability and impact that usually takes a good deal of time to perform. D. Risk urgency assessment is a tool and technique of this process used to determine which risks need near-term response plans.ur in the data you’ve gathered during this process. B. The probability and impact matrix is used during this process to assign red, yellow, and green conditions to risks.

Description : All of the following are true regarding the Qualitative Risk Analysis process except  which one?  A. Probability and impact and expert interview are used to help correct biases that occur  in the data ... of this process used to determine  which risks need near-term response plans.

Last Answer : C. Qualitative Risk Analysis is an easy method of determining risk probability and  impact that usually takes a good deal of time to perform.