Chapter 3 Flashcards
Project monitoring, an activity of a project manager, _____.
requires guiding, supervising, and coordinating a project team’s workload
Mauricio, a project manager at a reputed firm, has been assigned to handle a new project that the firm has received. This project involves a lot of scheduling that has to be handled by Mauricio.
Mauricio has decided to use a project management tool for this project. He wants the tool to be free and cloud-based so that there is no need for software to be installed. Help Mauricio in identifying the project management tool that best fits the purpose.
Gantter
Project reporting, an activity of a project manager, _____.
includes informing management, users, and the project team about the progress of a project
Project managers always must be aware of the _____, so they can monitor the vital tasks and keep a project on track.
critical path
A _____ is a sequence of tasks that has no slack time.
critical path
The first step in the creation of a Program Evaluation Review Technique (PERT)/Critical Path Method (CPM) chart is to _____.
identify all the project tasks
A _____ is a proactive effort to anticipate a risk and describe an action plan to deal with it.
risk response plan
A _____ chart displays complex task patterns and relationships.
Program Evaluation Review Technique (PERT)
Using a(n) _____, a project manager can convert task start and finish times to actual dates by laying out the entire project on a calendar.
Program Evaluation Review Technique (PERT) chart
Explain the three legs of a project triangle. What makes it challenging?
The three legs of a project triangle are the cost of the project, the scope of the project, and the time the project will take to complete. The challenge is that it is impossible for a project to be good in all three areas. Either the cost of the project must go up, the project must take longer to complete, or the project’s scope must change.
_____ is performed to determine the economic feasibility of an information system project and to compare alternative solutions.
Cost-benefit analysis
Identify an example of fixed costs
Hardware rental charges
Which process involves determining how long it takes an information system to pay for itself?
payback analysis
Return on investment (ROI) is calculated using the formula _____.
ROI = (total benefits – total costs) / total costs
Critical time is the amount of time that the task could be late without pushing back the completion date of the entire project.
False
System developers can initiate a formal project as early as the preliminary investigation stage, or later on, as analysis, design, and implementation activities occur.
True
Progress reports may be given verbally to immediate supervisors, management, and users.
False
The task duration is the same as the elapsed time.
False
Quantitative risk analysis evaluates each risk by estimating the probability that it will occur and the degree of impact.
False
A _____ involves breaking a project down into a series of smaller tasks.
work breakdown structure (WBS)
A _____ is a review of a project team member’s work by other members of a team.
structured walk-through
_____, a human resource issue, is a possible cause of cost overruns in an organization.
Inadequate training
_____ is a full-featured program that holds the dominant share of the project management software market.
Microsoft Project
The three legs of a project triangle are _____, scope, and time.
Cost
