The value of systems from a financial perspective essentially revolves around the issue of:

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What is capital budgeting for information system?
Which type of planning tool shows each task as a horizontal bar whose length is proportional to the time required to complete it?
Which type of planning tool shows each task?
Which type of planning tool shows each task as a horizontal?

Management Information Systems, 14e (Laudon)

Chapter 14 Managing Projects

1) On average, private sector IT projects underestimated budget and delivery time of systems by

________ percent.

A) 30

B) 40

C) 50

D) 60

E) 70

Answer: C

Page Ref: 543

Difficulty: Moderate

AACSB: Reflective thinking

CASE: Content

LO: 14.1: What are the objectives of project management and why is it so essential in

developing information systems?

2) As discussed in the chapter, which of the following is not one of the immediate consequences

of inadequate software project management?

A) cost overruns

B) customer loyalty

C) time slippage

D) technical shortfalls

E) failure to obtain anticipated benefits

Answer: B

Page Ref: 544

Difficulty: Easy

AACSB: Analytical thinking

CASE: Analysis

LO: 14.1: What are the objectives of project management and why is it so essential in

developing information systems?

3) Which of the following is not one of the five main variables affecting project success?

A) risk

B) vendors

C) time

D) quality

E) cost

Answer: B

Page Ref: 546-549

Difficulty: Moderate

AACSB: Reflective thinking

CASE: Content

LO: 14.1: What are the objectives of project management and why is it so essential in

developing information systems?

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Question	Answer
Which of the following statistics from studies on failed projects is not true:	The average cost overrun of IT projects is 20 percent
As discussed in the chapter, which of the following is not one of the immediate consequences of inadequate software project management:	Customer loyalty
Which of the following is a limitation of using a financial approach to evaluate information systems:	Inability to assess costs from organizational disruption
All of the following are intangible benefits of information systems except:	Reduced workforce
An example of using an internal integration tool would be:	Hold frequent project teammeetings
The _________ reviews and approves plans for systems in all divisions.	IS steering committee
According to your reading of the chapter, change management is a process that:	Should be addressed before a project is developed
Formal planning and control tools:	Enable a project manager to properly document and monitor project plans
The central method used in a portfolio analysis is to:	Inventory all of the organization's information systems projects and assets
An example of using an external integration tool would be to:	Include user representatives as active members of the project team
Which of the following projects is the riskiest:	A project that managers are concerned will affect their roles and job descriptions
Which method is used to assign weights to various features of a system:	Scoring model
The larger the systems project, the greater the chance that the project will be completed on time, within budget, and according to project requirements.	False
The design of jobs, health issues, and the end-user interface of information systems are all considerations in the field of ergonomics.	True
The information systems steering committee is composed of information systems managers and end-user managers responsible for overseeing several specific information systems projects.	False
Which of the following project management variables indicates how well the project satisfies management objectives:	Quality
A benefit of using TCO analysis to evaluate an information technology investment is that it is able to incorporate intangible and "soft" factors such as benefits and complexity costs.	False
Which of the following is not a responsibility of effective change management:	Integrating legacy systems
Which type of planning tool shows each task as a horizontal bar whose length is proportional to the time required to complete it:	Gantt chart
A road map indicating the direction of systems development, the rationale, the current systems, new developments to consider, the management strategy, the implementation plan, and the budget is called:	Information systems plan
External integration tools:	Consists of ways to link the work of the implementation team with users at all organization levels
ROPMs (real options pricing models) value information systems similar to stock options, in that:	Initial expenditures on IT projects are seen as creating the right to pursue and obtain benefits from the system at a later date
In sociotechnical design:	Separate sets of technical and social design solutions are developed and compared
You have been hired by a pharmaceutical company to evaluate its inventory of systems and IT projects. Which types of projects would be best avoided:	All high-risk, low-benefit projects
The worth of systems from a financial perspective essentially revolves around the issue of:	Return on invested capital
The organizational activities working toward the adoption, management, and routinization of a new information system are called:	Implementation
Intangible benefits generally do not lead to quantifiable gains in the long run.	True
The criteria used for evaluation in a scoring model are usually determined by:	Lengthy discussions among the decision-making group
Real options pricing models use the concept of options valuation borrowed from the financial industry	True
More timely information is a intangible benefit of information systems.	True
The project risk will rise if the project team and IS staff lack:	The required technical expertise
Which of the following types of projects is most likely to fail:	A business process redesign project that restructures workflow and responsibilities
Counterimplementation refers to a deliberate strategy to thwart the implementation of an information system or an innovation in an organization.	True
An information system project's scope is directly related to its business requirements.	True
Which method would you use to develop risk profiles for a firm's information system projects and assets:	Portfolio analysis
In working with ROPMs (real option pricing models) and options valuation, a call option is a:	Right to purchase or sell an asset at a later date at a fixed price
Which of the following is not one of the activities of the systems analyst:	Formulation of capital budgeting models
Which of the following is not one of the five main variables affecting project success:	Vendors
Scoring models are most commonly used to make the final decision when selecting different systems.	False
You have been hired to implement an enterprise system that will automate much of the billing and accounting work for a statewide HVAC services company. Which of the following would you prepare to describe how the new system will affect a firm:	Organizational impact analysis
If an intended benefit of an IT project is improved decision making, managers should develop set of metrics to quantify the value of an improved decision.	True
One example of an implementation problem is:	Inadequate user training
Mandatory use of a system is one effective way of overcoming user resistance to an information system.	False
Intangible benefits generally do not lead to quantifiable gains in the long run	True
Which of the following statements best describes the effect that project structure has on overall project risk:	Projects with relatively undefined goals are more likely to be subjected to users changing requirements and to run a higher risk of not satisfying project goals
At the top of the management structure for information systems projects in a large company is:	The corporate strategic planning group
The principal capital budgeting models for evaluating information technology projects are the payback method, the accounting rate of return on investment (ROI), the net present value, and the:	Internal rate of return
The ________ is directly responsible for the individual systems project.	Project team
Which of the following is not a tangent benefit of information systems:	Improved resource control
The _________ consists of systems analysts, specialists from the relevant end-user business areas, application programmers, and perhaps database specialists.	Project team
An information systems plan contains a statement of corporate goals and specifies how information technology will support the attainment of those goals:	True
Internal integration tools:	Enable a project to have sufficient technical support for project management and development
On average, private sector IT projects underestimated budget and delivery time of systems by ________ percent.	50%
The cost of a project is based on the time to complete a project multiplied by the cost human resources required to complete the project.	True
All of the following are indications of a failed information systems project except:	Employees require training to properly use the system
The goal of sociotechnical design is to create systems where the organization and the technology change and adjust to one another.	True
The central method used in a scoring model is to:	Perform a weighted comparison of the criteria used to evaluate a system
The most widely used project management software today is:	Microsoft Project
To best evaluate, from a financial standpoint, an IT investment whose benefits be firmly established in advance, you would use:	The real option pricing model
In using a portfolio analysis to determine which IT projects to pursue, you would:	Balance high-risk, high reward projects with lower-risk projects
Which type of tool helps project managers identify bottlenecks in project development:	Formal planning and control tools
Transaction and clerical systems that displace labor and save space typically produce more measurable, tangible benefits than management information systems.	True
Which of the following tools is not one you would use to control risk factors in an information systems project:	Real options pricing model
Real options pricing models use the concept of options valuation borrowed from the financial industry.	True
User concerns and designer concerns are usually the same at the beginning of the project but may diverge later as the system is built.	False
Which of the following is not an organizational factor in systems planning and implementation:	User interface
The relationship between users and information systems specialists has traditionally been a problem area for information systems implementation efforts.	True
You are using a capital budgeting method to assess the worth of your company's new information system. Which of the following costs would you include in measuring the cash outflow:	Both hardware and software expenditures and labor expenditures

What is capital budgeting for information system?

Capital budgeting is used by companies to evaluate major projects and investments, such as new plants or equipment. The process involves analyzing a project's cash inflows and outflows to determine whether the expected return meets a set benchmark.

Which type of planning tool shows each task as a horizontal bar whose length is proportional to the time required to complete it?

The Gantt chart is a project management tool that displays a graphical representation of the stages or activities in a project work plan over time. Each task displays as a horizontal bar whose length is proportional to its time for completion.

Which type of planning tool shows each task?

A Gantt chart is a planning tool used in project management to get an overview of the entire project on a visual timeline that includes every task, its duration, milestones, dependent tasks and more.

Which type of planning tool shows each task as a horizontal?

A Gantt chart is a horizontal bar chart that shows a project's planned schedule and its tasks or events between a start and finish date. Each bar in the Gantt chart represents a task, while the dates are laid out horizontally.

In sociotechnical design

The value of systems from a financial perspective essentially revolves around the issue of:

What is capital budgeting for information system?

Which type of planning tool shows each task as a horizontal bar whose length is proportional to the time required to complete it?

Which type of planning tool shows each task?

Which type of planning tool shows each task as a horizontal?

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