DM3: IS Project Governance and Management

Question 1

type of project management organizational structure where the project manager has only a staff function without formal management authority. Work is broken down amongst departments and the PM is allowed to steer the project.

Answer 1

functional-structured organization

Question 2

type of project management organizational structure where the project manager has formal authority over those taking part in the project, including budgets, schedule, and team.

Answer 2

project-structured organization

Question 3

type of project management organizational structure where the project authority is shared between PM and department heads

Answer 3

matrix-structured project organization

Question 4

What is the purpose of the project steering committee?

Answer 4

provide overall direction and ensures appropriate representation of the major stakeholders in the project’s outcome.

Question 5

What person or group is responsible for all deliverables, costs, and schedules of a project?

Answer 5

project steering committee

Question 6

Who should be included in a project steering committee?

Answer 6

Senior representative from each business area with impact, in addition to the project manager

Question 7

In project management, who is responsible for reviewing project progress regularly, advising the project and making decisions, and taking corrective action on escalated issues?

Answer 7

project steering committee

Question 8

Who is responsible for providing funding for a project and working with project managers for measuring project success?

Answer 8

project sponsor

Question 9

Who is typically elected as a project sponsor?

Answer 9

Senior manager of the primary business unit the project is supporting

Question 10

In project management, who provides day-to-day management and leadership of a project?

Answer 10

project manager

Question 11

In project management, who is considered subject matter experts?

Answer 11

user project team

Question 12

In project management, who provides technical support for hardware/software environments and provides assurance that systems are compatible?

Answer 12

systems development management

Question 13

In project management, who completes tasks in development and communicates with users to involve them in development processes?

Answer 13

systems development project team

Question 14

In project management, who ensures that systems controls and processes are in place to provide effective level of protection in relation to corporate security policies?

Answer 14

security officer (or team)

Question 15

What are the three key elements of project management?

Answer 15

deliverables, duration, and budget

Question 16

What is considered when developing a project budget?

Answer 16

the resources required to carry out the project, which is fee/costs multiplied by the amount of each resource

Question 17

What is the name given to all the projects being carried out in an organization at any given time?

Answer 17

Portfolio management

Question 18

What is the name given to projects that are closely linked together through common strategies, objectives, and schedules?

Answer 18

Programs management

Question 19

The objectives of _______________ are to optimize the results of a project portfolio, prioritizing and scheduling projects, coordinating resources, and transferring knowledge throughout projects.

Answer 19

portfolio management

Question 20

This system includes project data, such as project owner, schedules, objectives, project type, status, and cost and is used generate reports for project portfolios.

Answer 20

Project portfolio database

Question 21

what are the three types of project initations?

Answer 21

one on one meetings, kick-off meetings, project start workshop

Question 22

An __________ is used to define project objectives by representing individual components of the solutions and their relationships with each other

Answer 22

object breakdown structure (OBS)

Question 23

Performed after an object breakdown structure, this process is designed to structure all the tasks that are necessary to build OBS; it represents the project in terms of manageable and controllable units of work

Answer 23

work breakdown structure (WBS)

Question 24

Which is process-oriented?
- work breakdown structure (WBS)
- object breakdown structure (OBS)

Answer 24

WBS

Question 25

This type of cost estimation is used for IS projects and uses estimates from prior projects and is the quickest estimation.

Answer 25

analogous estimating

Question 26

This type of cost estimation is used for IS projects where a project manager uses past data and leverages statistical data (resources, costs, technology, etc.) to develop an estimate

Answer 26

parametric estimating

Question 27

This type of cost estimation is used for IS projects where activity costs are estimated at the greatest detail and then all costs are combined to get an estimate. This is the most time-consuming approach.

Answer 27

bottom-up estimating

Question 28

This type of cost estimation is used for IS projects where an extrapolation of actual costs is used on similar systems

Answer 28

actual costs “estimating”

Question 29

A ________________ is a multiple-point technique used for estimating size and complexity in developing large business applications (e.g., inputs, outputs, files, queries)

Answer 29

function point analysis (FPA)

Question 30

What is the sequence of activities that produces the longest path through a project but also the shortest possible completion time

Answer 30

critical path

Question 31

What amount of slack time do activities on the critical path have?

Answer 31

zero slack time

Question 32

What process is required in project management to consider the total business benefits and costs throughout the life a new system?

Answer 32

project benefits realization

Question 33

What are the four stages of project management, or part of the PM life cycle?

Answer 33

initiating, planning, executing, closing

Question 34

What is the project management technique for defining and deploying software deliverables within a relatively short and fixed period of time with a predetermined specific resources, specifically where there is a need to balance quality and schedule.

Answer 34

timebox management

Question 35

In project management, what is used to accomplish prototyping or rapid application development in which key features are delivered in a short time?

Answer 35

timebox management

Question 36

What is the major advantage of timebox management?

Answer 36

prevents project cost overruns and delays