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Exam 11: Business Basics

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Question 71

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A(n) ____________ is a temporary endeavour undertaken to create a unique product or service.

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Question 72

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Which of the following is the least likely reason why companies outsource?

A) Tap outside sources of expertise
B) Concentrate resources on core business
C) Reduce headcount and related expenses
D) Better manage the costs of internal processes

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Question 73

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A(n) ___________________ is a set of policies, procedures, standards, processes, practices, tools, techniques, and tasks that people apply to technical and management challenges.

A(n) ____________________ is a document issued by the project initiator or sponsor that formally authorizes the existence of a project and provides the project manager with the authority to apply organizational resources to project activities.

Project products are quantifiable criteria that must be met for the project to be considered a success.

Which activity is performed during the planning phase of SDLC?

Project deliverables represent key dates when a certain group of activities must be performed.

Which of the following is a business-related consequence of failing software?

The ____________________ is different than the waterfall and agile methodologies not in terms of the type of work that is done, but rather who is in control and does most of the design work.

Managing technology is one of the hardest and most critical efforts a project manager undertakes.

The rapid application development methodology emphasizes extensive user involvement in the rapid and evolutionary construction of working __________ of a system to accelerate the systems development process.

A(n) _________ is a logical relationship that exists between the project tasks, or between a project task and a milestone.

The SDLC is different than the waterfall and agile methodologies not in terms of the type of work that is done, but rather who is control and does most of the design work.

Identify the three primary outsourcing options.

Onshore outsourcing is the process of engaging another company within the same country for services.

What is the number one reason that IT projects fall behind schedule or fail?

Project ____________ represent key dates when a certain group of activities must be performed.

Iterative development consists of a series of tiny projects.

What is the outsourcing option that includes the most remote location and indirect customer control?

Project management software specifically supports the long-term and day-to-day management and execution of the steps in a(n) _______.