During the project initiation and planning phase, which of the following activities is undertaken?* O New system requirements are identified A formal, preliminary investigation is undertaken A presentation of why the system should or should not be developed by the organization is given
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- 6. Which of the following is not a major consideration when assessing business requirements for IT initiatives? A. Complementary business process changes B. Potential technological solutions c. Gaps in performance indicated by the strategy map D. Project risks1. How does a feasibility report differ from a justification report. 2. What is problem factoring.Q A project manager is faced with two team members who have conflictingopinions. One team member explains her side of the conflict, and presents apossible solution. But before the other team member starts to explain his sideof things, the project manager says, “I’ve heard enough, and I’ve decided to gowith the solution I’ve heard.” This is an example of _____. Q As you determine the requirements, constraints and assumptions for theproject you record them in which document?A. Project Scope StatementB. Project Management PlanC. Project CharterD. Communications Management Plan
- 1. Project management is the process of achieving project obiectives through a predetermined organizational structure. • True . FalseWhat information must manuals always have? SRC's proposed action.When developing BCM, which one of the following statements is true? a)BCM is comprised of numerous related projects. b)All software packages are comprehensive and expensive. c)The use of a professional consultant will always produce a superior final product. d)None of the above statements are true
- The ideal outcome of the planning process group is to complete a project successfully by delivering the agreed-upon project scope within time, cost, and quality constraints Select one: True False Initiating involves developing a project charter, which is part of the project ______ management knowledge area. Select one: a. scope b. risk c. communications d. integration Estimate activity resources output Select one: a. Activity list, activity attributes, milestone list, project management plan updates b. Project schedule network diagrams, project documents updates c. Activity resource requirements, resource breakdown structure, project documents updates d. Schedule management plan As time progresses, the scope of a project should become ... Select one: a. more clear and specific b. more vague c. more ambiguous d. more difficultCompare and contrst the need and purpose of creating a project charter before creating a workflo redesignPart (a). One of the essential steps of the system development life cycle is preparing feasibility studies, including technical, economic, legal, operational and schedules feasibility. We have discussed these feasibilities in the interactive tutorials in details. Discuss these feasibilities briefly. And elaborate cost-benefit analysis under economic feasibility. [Word Limit: Up to 200 words] Part (b). The system experts perform the design and implementation phases of the system development life cycle. However, the accountant’s role in these phases cannot be ignored. Comment on the statement. [Word Limit: Up to 150 words]
- When is it MOST important that integration is performed? A At key interface points 60 217 B During project executing C At the end of each project management process D During project planningA quantifiable practice adds value to company, but not the client. It helps avoid project failure and no one else is doing it. Is this a best practice candidate?(12) Cost budgeting can be best described by which of the following? A The process of developing the future trends along with the assessment of proba bilities, uncertainties, and inflation that could occur during the project B. The process of assembling and predicting costs of a project over its life cycle C. The process of establishing budgets, standards, and a monitoring system by whi ch the investment cost of the project can be measured and managed D. The process of gathering, accumulating, analyzing, reporting, and managing the costs on an on-going basis (13) The process of monitoring the status of the project to update the project costs and managing changes to the cost baseline is called A Determine Budget B. Control Costs C. Estimate Costs D. Plan Cost Manag ement (14) Cost Variance (CV) is which of the following equations? A CV = EV - PV B. CV = EV - AC C. CV = EV / AC D. A and c (15) To assist in budget control, it is suggested that an estimate be created at the level of the…