What is portfolio management? O A. The management of projects or programmes and other work with a common strategic business purpose O B. The management of projects exploiting synergies across projects in order to reduce overall costs O C. The application of knowledge, skills, tools and techniques to satisfy stakeholder expectations from a project. O D. Defining all work that needs to be done to achieve all project deliverables

What is portfolio management? O A. The management of projects or programmes and other work with a common strategic business purpose O B. The management of projects exploiting synergies across projects in order to reduce overall costs O C. The application of knowledge, skills, tools and techniques to satisfy stakeholder expectations from a project. O D. Defining all work that needs to be done to achieve all project deliverables

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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If partway through the project we discover that more money has actually been spent to that point than was planned: we do not know if the situation is good or bad until we examine earned value we know the project is in trouble because there is a cost overrun we know we are ahead of schedule on the project we know the project is in trouble because there is a budget shortfall we should attempt to convince management to cancel the project immediately
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If objectives are thought of as statements of where one wants to go, then a(n) ________ plan is a map that tells them how to get there. a. operational b. strategic c. contingency d. action QUESTION 7 A(n) ________ is defined as a plan for spending money. a. budget b. contingency plan c. schedule d. action plan
A_ is a group of related projects grouped together to facilitate effective management of their work to meet business objectives. O a. Project plan O b. Programme O c. Mega Project O d. Strategy
Project scope (Per Chapter 4, this should be more detailed than the proposal scope)a. Project Objectivesb. Customer Requirementsc. Project Statement of Work (Tasks)d. Project Deliverablese. Project Acceptance/Success Criteria2. Provide Estimated Number of Workers Needed to Complete Project and their responsibilitiesa. Develop fictional people with professions needed to complete the project3. Provide a Task List/Work Breakdown Structure to divide the project into piecesa. Use graphical structure from pages 114-115 in text 4. Provide a Network Diagram for your project with estimated activity durations for each step. 5. Using a Project Schedule similar to page 161 in the text, provide a schedule for the project if wewere to start on June 1st, i.e. estimated time to completion and time to complete various tasksa. Need Earliest Start/Finish and Latest Start/Finish Calculations, and Slackb. Identify the Critical Path in your project6. Provide any risks that your team believes the…
Which statement is true about the definition of done (DoD)? The DOD should evolve as system capabilities evolve The teams share one common DOD At the higher levels there is only one DOD for everything that passes through Agile Release Train to a Solution increment or a release DOD is not used by teams because it is used as a method to manage technical debt across the ART What are two benefits of having a team definition of done? (Choose two.) · To maintain predictability · To reduce technical debt · To collect team performance Metrics · To measure the team's capacity to load ratio · To optimize quality
Projects are always planned. True False An organization's purpose must regularly change to adapt to changes in the environment over time. True False Matrix organization is a structure with only one channel of command True False Creating and executing a plan is one of the most important tasks of a manager. True False
What is portfolio management? O A. The management of projects or programmes and other work with a common strategic business purpose O B. The management of projects exploiting synergies across projects in order to reduce overall costs O C. The application of knowledge, skills, tools and techniques to satisfy stakeholder expectations from a project. O D. Defining all work that needs to be done to achieve all project deliverables
What is programme management? O A. Defining all work that needs to be done to achieve all project deliverables O B. The management of projects exploiting synergies across projects in order to reduce overall costs O C. The management of projects or programmes and other work with a common strategic business purpose O D. The application of knowledge, skills, tools and techniques to satisfy stakeholder expectations from a project.
What type of function does a project management tool have that a task management tool does not? O file sharing O progress tracking commenting Obudgeting
Creating a plan for a project both with and without its skeleton architecture drawn in might help with comprehension. Taking into account the impact on the final product.
Which one of the following best describes why IT projects frequently fail at least to some degree? a. Increasing number and range of project stakeholders b. Increasing complexity of ICTs c. Increasing number of issues around data ownership, resources, and priorities d. All of the above