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Exam 13: Project Management and SDLC

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Question 1

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The system development life cycle (SDLC)is the traditional system development method for large IT projects,such as IT infrastructure or an enterprise system.

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B) False

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Question 2

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__________ determines if the required technology,IT infrastructure,data structures,analytics,and resources can be developed and/or acquired to solve the business problem.

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Question 3

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Postproject reviews,or _________,identify the reasons the project was successful or not,strengths and weaknesses of the project plan,how problems were detected and resolved,and how the project was successful in spite of them

Which of the following issues about the SDLC methodology is false?

Project ________ depends on prompt and candid feedback from the project team,while ________ depends on systems and decision rules for managing variances between the project's scope,cost,and schedule.

Critical path is the ________ path of tasks through a project,as shown on a Gantt chart.

The financial services sector has been compelled by strict international anti-money-laundering (AML) guidelines that require firms to _________.

__________ conversion is the least expensive and highest risk IS conversion strategy because the old system is cut off and the new system is turned on at a certain point in time.

Monitoring and control processes are intended to occur weekly while the project work is being executed.

The money already spent on the project,or sunk costs,should be considered in the decision to kill a project that is out of control.

Projects start with an idea that is explained in a business case.If the business case is accepted,a work breakdown structure (WBS)is prepared.

Calculating economic feasibility in IT projects is straightforward because it is done using standard financial techniques--ROI,NPV,and breakeven analysis.

A responsibility matrix shows who has primary responsibility and who has support responsibility for the activities listed in the WBS.

Except in extreme cases,the evaluation of success or failure is ________ because time and cost to complete the project are _________.

The financial services sector has been compelled by strict international anti-money-laundering (AML)guidelines that require firms to know your customer (KYC).

Controls help to prevent ________,which refer to system development projects that are so far over budget and past deadline that they must be abandoned,typically with large monetary loss.

During the systems investigation stage,__________ studies are done to assess the skills and the training needed to use the new system.

________ should not be considered in the decision to kill a project.

Monitoring and control processes should occur _________ while the project work is being executed.

Scope creep is the piling up of numerous small delays that by themselves may be manageable,but in aggregate are significant.