Chapter 3

Question 1

Project monitoring, an activity of a project manager, _____.

Answer 1

requires guiding, supervising, and coordinating a project team’s workload

Question 2

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.

Answer 2

Gantter

Question 3

Project reporting, an activity of a project manager, _____.

Answer 3

includes informing management, users, and the project team about the progress of a project

Question 4

Project managers always must be aware of the _____, so they can monitor the vital tasks and keep a project on track.

Answer 4

critical path

Question 5

A _____ is a sequence of tasks that has no slack time.

Answer 5

critical path

Question 6

The first step in the creation of a Program Evaluation Review Technique (PERT)/Critical Path Method (CPM) chart is to _____.

Answer 6

identify all the project tasks

Question 7

A _____ is a proactive effort to anticipate a risk and describe an action plan to deal with it.

Answer 7

risk response plan

Question 8

A _____ chart displays complex task patterns and relationships.

Answer 8

Program Evaluation Review Technique (PERT)

Question 9

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.

Answer 9

Program Evaluation Review Technique (PERT) chart

Question 10

Explain the three legs of a project triangle. What makes it challenging?

Answer 10

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.

Question 11

_____ is performed to determine the economic feasibility of an information system project and to compare alternative solutions.

Answer 11

Cost-benefit analysis

Question 12

Identify an example of fixed costs

Answer 12

Hardware rental charges

Question 13

Which process involves determining how long it takes an information system to pay for itself?

Answer 13

payback analysis

Question 14

Return on investment (ROI) is calculated using the formula _____.

Answer 14

ROI = (total benefits – total costs) / total costs

Question 15

Critical time is the amount of time that the task could be late without pushing back the completion date of the entire project.

Answer 15

False

Question 16

System developers can initiate a formal project as early as the preliminary investigation stage, or later on, as analysis, design, and implementation activities occur.

Answer 16

True

Question 17

Progress reports may be given verbally to immediate supervisors, management, and users.

Answer 17

False

Question 18

The task duration is the same as the elapsed time.

Answer 18

False

Question 19

Quantitative risk analysis evaluates each risk by estimating the probability that it will occur and the degree of impact.

Answer 19

False

Question 20

A _____ involves breaking a project down into a series of smaller tasks.

Answer 20

work breakdown structure (WBS)

Question 21

A _____ is a review of a project team member’s work by other members of a team.

Answer 21

structured walk-through

Question 22

_____, a human resource issue, is a possible cause of cost overruns in an organization.

Answer 22

Inadequate training

Question 23

_____ is a full-featured program that holds the dominant share of the project management software market.

Answer 23

Microsoft Project

Question 24

The three legs of a project triangle are _____, scope, and time.

Answer 24

Cost