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Chapter 4: Project Integration Management Part 2

It is necessary that IT project managers have prior technical experience in creating and managing IT products
Corrective actions reduce the probability of negative consequences associated with project risks, while preventive actions should result in improvements in project performance
A Gantt chart is the same as a project management plan
The organization should complete low-priority projects before high-priority ones, if the low-priority one takes less time
The _____ section of the project management plan describes how to monitor project progress and handle changes
Project controls
Organizational process asset updates are an important output of the closing process of a project
The first step in determining the NPV is to _____
Determine the estimated costs and benefits for the life of the project and the products it produces
Opportunities and directives are essentially the same thing
_____ analysis is a method of calculating the expected net monetary gain or loss from a project by discounting all expected future cash inflows and outflows to the present point in time
Net present value
The _____ is the minimum acceptable rate of return on an investment
Required rate of return
In the _____ stage of selecting information technology projects, organizations select information technology projects
Resource allocation
NPV analysis is a method for making equal comparisons for multi-year projects
Project integration management must occur just within the context of a particular project
In project integration management, directing and managing project execution involves carrying out the project management plan by performing the activities included in it
Projects that arise as a result of problems and directives must respond quickly to avoid hurting an organization’s business
The introduction or overview of a project must only include a list of definitions and acronyms
A project’s internal rate of return can be determined by finding what discount rate results in an NPV of ______ for the project
The majority of the time on a project is usually spent on _____, as is most of the project’s budget
_____ involves identifying and collecting the functional and physical design characteristics of products and their support documentation, and ensures that the descriptions of the project’s products are correct and complete
Configuration management
Payback period is the amount of time it will take to recoup, in the form of net cash inflows, the total dollars invested in a project

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