Project Portfolio Management Overview
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Questions and Answers

What is the primary focus of interface design in a system specifications document?

  • Software programs needed
  • Network infrastructure
  • Hardware specifications
  • Navigation through the system (correct)

    • During the implementation phase, what is the most expensive aspect of the process?

  • Training for new processes
  • Testing for bugs
  • Building and installing the system (correct)
  • Approval from the sponsor and committee

    • What is the purpose of a feasibility analysis in the context of project development?

  • To review and adjust the project plan
  • To identify major changes needed in the system
  • To determine if the project is technically possible (correct)
  • To manage results of changed business processes

    • What is the main focus of a support plan in post-implementation activities?

    <p>Systematic identification of major and minor changes needed</p> Signup and view all the answers

    Which phase of the project involves more time spent on testing than on writing?

    <p>Construction</p> Signup and view all the answers

    What is a common issue with software designs that leads to immobility?

    <p>Too many dependencies</p> Signup and view all the answers

    Which term describes the tendency of software to break in many places when a change is made?

    <p>Fragility</p> Signup and view all the answers

    What is the primary goal of a System Analyst?

    <p>Create value for the organization</p> Signup and view all the answers

    What is the foundation of good software design according to the text?

    <p>Loose coupling + high cohesion</p> Signup and view all the answers

    In software design, which term describes the degree of how elements of a specific class/module go together or match?

    <p>Cohesion</p> Signup and view all the answers

    What is a key reason projects fail according to the text?

    <p>Organizational issues</p> Signup and view all the answers

    What are the two primary issues discussed during the planning phase of a project?

    <p>Why an information system is needed and project team planning</p> Signup and view all the answers

    What is the main characteristic of good design according to the text?

    <p>'Loose coupling' + 'high cohesion'</p> Signup and view all the answers

    'Coupling' in software design refers to what?

    <p>'Strength of relationship between classes or modules'</p> Signup and view all the answers

    What does 'Viscosity' refer to in software development?

    <p>Developing against current design due to rigidity</p> Signup and view all the answers

    What does informal benchmarking involve?

    <p>Managers acting as customers in other businesses</p> Signup and view all the answers

    In the context of activity-based costing, what is the focus of improvement?

    <p>High-cost steps</p> Signup and view all the answers

    What is the purpose of technology analysis in business processes?

    <p>To reduce costs and time</p> Signup and view all the answers

    What is the main focus of activity elimination?

    <p>Reducing costs and time</p> Signup and view all the answers

    What does 'Day 4 - Use Case Analysis' discuss?

    <p>How a system interacts with its environment</p> Signup and view all the answers

    'Fully Dressed Use Case Format' is known for being highly structured in recording information for which aspects?

    <p>Inputs and outputs clarified</p> Signup and view all the answers

    What is a key factor that affects the choice between different project methodologies?

    <p>Timeframe</p> Signup and view all the answers

    In project portfolio management, how are investments in projects typically evaluated?

    <p>By comparing the entire portfolio's return on investment</p> Signup and view all the answers

    What is a characteristic of Waterfall methodology?

    <p>Sequential with detailed deliverables and phase approvals</p> Signup and view all the answers

    Why is project selection important in program management?

    <p>To meet strategic needs and consider risks</p> Signup and view all the answers

    How are trade-offs between size, time, and cost managed throughout the project life cycle?

    <p>By managing and controlling trade-offs</p> Signup and view all the answers

    Which methodology involves face-to-face communication and short cycles?

    <p>Agile</p> Signup and view all the answers

    What approach does Agile methodology follow?

    <p>Short cycles with frequent feedback</p> Signup and view all the answers

    What does a good project portfolio need to balance?

    <p>Trade-offs between low and high-level risks</p> Signup and view all the answers

    What does requirements determination involve in project management?

    <p>Analyzing current systems and gathering user needs</p> Signup and view all the answers

    What does the system request in the Project Initiation phase include?

    <p>A summary of business value and the need for it</p> Signup and view all the answers

    Which type of feasibility assessment in Project Initiation evaluates whether the new system can be built?

    <p>Technical feasibility</p> Signup and view all the answers

    What role does the project sponsor typically play in the SDLC?

    <p>Develops the initial vision of the new system</p> Signup and view all the answers

    In Project Management, what is the primary deliverable after a project is approved?

    <p>Project Plan</p> Signup and view all the answers

    What is the main focus of Business Process Automation (BPA) as mentioned in the text?

    <p>Substitute manual processes with technology components for efficiency</p> Signup and view all the answers

    What does Economic Feasibility in a project entail?

    <p>Cost-benefit analysis, including future cash flow calculations</p> Signup and view all the answers

    Which factor is NOT considered in Technical Feasibility assessment?

    <p>'Break-even' point calculations</p> Signup and view all the answers

    What is an essential aspect of Organizational Feasibility as mentioned in the text?

    <p>'Champion' role played by high-level executives</p> Signup and view all the answers

    What does Total Cost of Ownership (TCO) include as part of its evaluation?

    <p>Development costs and operational costs</p> Signup and view all the answers

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