Homework Soursethe Standish Group CHAOS Report shows too many IT project fa
the Standish Group CHAOS Report shows too many IT project fail (only 32% completely successful). Of the reasons given for failure, which do you think are the most common? Why?
Question 1
One important step in estimating the time required for a project is to try to identify all of the functional requirements of a the new system.
a.True
b.false
Question 2
Which of the following statements best defines what a project is?
a.A planned activity consisting of defined tasks by a team of people.
b.A sequence of steps with a scheduled completion.
c.A set of procedures that must be completed in a timely fashion.
d.A planned undertaking with a start and stop and that produces a result.
question 3
The time from the deployment of a new system until the break-even point is reached is sometimes called the ______.
a.investment period
b.net present value
c.return on investment
d,payback period Question
4 Which of the following is NOT one of the PMBOK knowledge areas?
a.Integration Management
b.Documentation Management
c.Risk Management
d.Procurement Management Question
5
One of the responsibilities of the project manager in getting a project approved is to try to predict the value of business benefits.
a.True
b. False
Question 6 ___________________ is the organizing and directing of other people to achieve a planned result within a predetermined schedule and budget.
a.Problem solving
b.Project management
c.Requirements Analysis
d.Design
e.Human management
Question 7
Ceremony refers to the official kick-off meeting to start a project.
a.True
b.False
Question 8 The net present value for a year is calculated by _______.
a.combining benefits and costs for a defined number of years
b.applying the discount rate to the combination of benefits and costs
c.determining when the benefits offset the costs
d.applying the discount factor to the combination of benefits and costs
Question 9
A good project manager focuses his energy on the success of the project team and allows the oversight committee to monitor and report project status.
a.True
b.False
Question 10
Given a project schedule with all tasks connected with one-way arrows and task durations. The critical path is _____
. a.the longest path through the network
b.the shortest path through the network
c.neither the longest nor shortest path through the network
d.it cannot be determined
Solution
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Question 1
One important step in estimating the time required for a project is to try to identify all of the functional requirements of a the new system.
a.True
b.false
---------
Answer:
---------
a. True
--------------
Explanation:
--------------
Estimating the time required for a project is completely depends on functional requirements of the new system. Since these are the one
which can predict timelines.
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Question 2
Which of the following statements best defines what a project is?
a.A planned activity consisting of defined tasks by a team of people.
b.A sequence of steps with a scheduled completion.
c.A set of procedures that must be completed in a timely fashion.
d.A planned undertaking with a start and stop and that produces a result.
---------
Answer:
---------
d.A planned undertaking with a start and stop and that produces a result.
--------------
Explanation:
--------------
Project defines a planned undertaking with a start and stop and that produces a result.
Finally end result will be the new system.
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Question 3
The time from the deployment of a new system until the break-even point is reached is sometimes called the ______.
a.investment period
b.net present value
c.return on investment
d.payback period
---------
Answer:
---------
d.payback period
--------------
Explanation:
--------------
The time from the deployment of a new system until the break-even point is reached is sometimes called
as payback period.
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Question 4
Which of the following is NOT one of the PMBOK knowledge areas?
a.Integration Management
b.Documentation Management
c.Risk Management
d.Procurement Management
---------
Answer:
---------
b.Documentation Management
--------------
Explanation:
--------------
Documentation Management is not knowledge area of PMBOK.
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Question 5
One of the responsibilities of the project manager in getting a project approved is to try to predict the value of business benefits.
a.True
b. False
---------
Answer:
---------
b. False
--------------
Explanation:
--------------
The statement is not responsibilities of the project manager. He only responsible for the success of the project and get the work done
as per the requirements specification document.
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Question 6
___________________ is the organizing and directing of other people to achieve a planned result within a predetermined schedule and budget.
a.Problem solving
b.Project management
c.Requirements Analysis
d.Design
e.Human management
---------
Answer:
---------
b.Project management
--------------
Explanation:
--------------
Project management is the organizing and directing of other people to achieve a planned result within a predetermined schedule and budget.
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Question 7
Ceremony refers to the official kick-off meeting to start a project.
a.True
b.False
---------
Answer:
---------
b.False
--------------
Explanation:
--------------
Ceremony does not refers to the official kick-off meeting to start a project.
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Question 8
The net present value for a year is calculated by _______.
a.combining benefits and costs for a defined number of years
b.applying the discount rate to the combination of benefits and costs
c.determining when the benefits offset the costs
d.applying the discount factor to the combination of benefits and costs
---------
Answer:
---------
a.combining benefits and costs for a defined number of years
--------------
Explanation:
--------------
The net present value for a year is calculated by combining benefits and costs for a defined number of years.
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Question 9
A good project manager focuses his energy on the success of the project team and allows the oversight committee to monitor and report project status.
a.True
b.False
---------
Answer:
---------
b.False
--------------
Explanation:
--------------
A good project manager doest notvfocuses his energy on the success of the project team and allows the oversight committee
to monitor and report project status rather he foces on comepletion of project within in timelines.
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Question 10
Given a project schedule with all tasks connected with one-way arrows and task durations. The critical path is _____.
a.the longest path through the network
b.the shortest path through the network
c.neither the longest nor shortest path through the network
d.it cannot be determine
---------
Answer:
---------
a.the longest path through the network
--------------
Explanation:
--------------
The longest path through the network describes all critical paths with all tasks connected with one-way arrows and task durations.
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