INFORMATION TECHNOLOGY MANAGEMENT - C954 KNOWLEDGE
CHECK SECTION 4 QUESTIONS AND ANSWERS. Buy Quality Materials!
What is a program evaluation and review technique (PERT) chart?
A graphical network model that depicts a project's tasks and the relationships between
those tasks
Why would a project require an executive sponsor according to the Project
Management Institute (PMI)?
To provide financial resources for a project
Which factor is a primary reason for project failure?
The balance of the triple constraints
What is agile methodology?
A methodology that aims for customer satisfaction through early and continual delivery
of useful software components developed by an iterative process with a design point
that uses the bare minimum requirements
What is waterfall methodology?
A sequence of phases in which the output of each phase becomes the input for the next
What is the systems development life cycle (SDLC)?
The overall process for developing information systems, from planning and analysis
through implementation and maintenance
What is the definition of project scope?
The need, justification, requirements, and current boundaries for a project
What is a value chain analysis?
A business tool that views a firm as a series of business processes that add value to a
product or service
What is the definition of Porter's three generic strategies?
A business strategy involving methods that are neither organization- nor industry-
specific and can be applied to any business, product, or service
What is an assessment of the competitive forces within the environment in which
a company operates to evaluate the potential for profitability in an industry?
Porter's five forces model
What is a SWOT analysis?
An evaluation of an organization's strengths, weaknesses, opportunities, and threats to
identify significant influences that work for or against business strategies
correct
Which supply chain activity includes building relationships with suppliers to
procure raw materials?
Source
CHECK SECTION 4 QUESTIONS AND ANSWERS. Buy Quality Materials!
What is a program evaluation and review technique (PERT) chart?
A graphical network model that depicts a project's tasks and the relationships between
those tasks
Why would a project require an executive sponsor according to the Project
Management Institute (PMI)?
To provide financial resources for a project
Which factor is a primary reason for project failure?
The balance of the triple constraints
What is agile methodology?
A methodology that aims for customer satisfaction through early and continual delivery
of useful software components developed by an iterative process with a design point
that uses the bare minimum requirements
What is waterfall methodology?
A sequence of phases in which the output of each phase becomes the input for the next
What is the systems development life cycle (SDLC)?
The overall process for developing information systems, from planning and analysis
through implementation and maintenance
What is the definition of project scope?
The need, justification, requirements, and current boundaries for a project
What is a value chain analysis?
A business tool that views a firm as a series of business processes that add value to a
product or service
What is the definition of Porter's three generic strategies?
A business strategy involving methods that are neither organization- nor industry-
specific and can be applied to any business, product, or service
What is an assessment of the competitive forces within the environment in which
a company operates to evaluate the potential for profitability in an industry?
Porter's five forces model
What is a SWOT analysis?
An evaluation of an organization's strengths, weaknesses, opportunities, and threats to
identify significant influences that work for or against business strategies
correct
Which supply chain activity includes building relationships with suppliers to
procure raw materials?
Source
