MGSC 300 FINAL EXAM QUESTIONS
AND ANSWERS
What processes help to ensure that the impacts resulting from requested changes and
corrective actions are managed across the project life cycle? - Answer- Integrated
change= control processes help to manage the disruption resulting from requested
changes and corrective actions across the project life cycle.
Assuming no changes are made, what happens when a task on the critical path is
delayed? - Answer- The entire project is delayed.
When are lessons learned from a completed project identified? - Answer- Postmortem,
the post project review
What are the stages of the SDLC? - Answer- The System Development Life Cycle
Is the traditional systems development method for large IT projects, such as IT
infrastructure or an enterprise system. The SDLC is a structured framework that
consists of a sequential set of processes
The processes are iterative, which means that they are revised when new information or
conditions make a revision the smart thing to do. Iteration does not mean that system
development should be subject to infinite revisions or scope creep
Why is information system design highly susceptible to scope creep? - Answer- -
Intended users ask for additional features
-People who were not intended users ask to be included
-Technology changed from the time the business case was written and system
development began.
-The actions of a competitor, supplier, or regulatory agency triggered additional
requests for functionality.
What can be done to prevent runaway projects? - Answer- Because scope creep is
expensive, project managers impose controls on changes requested by users. These
controls help to prevent runaway projects
, How does data visualization contribute to our learning - Answer- - adds visual display to
analytics
- identify patterns that offer answers to business questions
- discover hidden data relationships, improve performance
Heat maps - Answer- - convey colors at a glance (ex: excel)
Data visualization increasing - Answer- Today's data discovery technologies provide
greater data exploration and ease of use to help users find answers to "why" and "what
if" questions through self-service analytic apps.
- real time data
- analytics
- interactive reporting tools
2 examples of Data visualization - Answer- -Vendor Aqumin provides real time visual
interpretation solutions for the financial services industry
-Aqumin's OptionVision enables traders, risk managers, and market participants to spot
opportunities, risk, and market changes
-AlphaVision for Excel enables visual interpretation capabilities directly within the
Microsoft Excel platform
-AlphaVision for Bloomberg is developed for professional portfolio managers, traders,
and risk analysts and is connected directly to the Bloomberg Terminal to leverage data
provided by Bloomberg.
-IBM SPSS Analytic Catalyst has made sophisticated analytics accessible. Analytic
Catalyst enables business users to conduct the kind of advanced analysis that had
been designed for experts in statistical software. The software fast tracks analytics by
identifying key drivers, selecting an appropriate model, testing it, and then explaining
the results in plain English
-Roambi Analytics is a leading mobile reporting and data visualization app designed for
iPads and iPhones. The app can take data from most sources, including Box, Google
Docs, spreadsheets, BI systems, databases, and Salesforce.com, and transform them
into interactive data visualizations.
What is an enterprise data mashup? - Answer- combinations of data from various
business systems and external sources, often in real time, and without necessarily
relying on a middle step of ETL (extract, transform, and load) from a data warehouse
What are the functions and uses for enterprise matchups? - Answer- improve
operational efficiency, optimize the sales pipeline, enhance customer satisfaction, and
drive profitability
AND ANSWERS
What processes help to ensure that the impacts resulting from requested changes and
corrective actions are managed across the project life cycle? - Answer- Integrated
change= control processes help to manage the disruption resulting from requested
changes and corrective actions across the project life cycle.
Assuming no changes are made, what happens when a task on the critical path is
delayed? - Answer- The entire project is delayed.
When are lessons learned from a completed project identified? - Answer- Postmortem,
the post project review
What are the stages of the SDLC? - Answer- The System Development Life Cycle
Is the traditional systems development method for large IT projects, such as IT
infrastructure or an enterprise system. The SDLC is a structured framework that
consists of a sequential set of processes
The processes are iterative, which means that they are revised when new information or
conditions make a revision the smart thing to do. Iteration does not mean that system
development should be subject to infinite revisions or scope creep
Why is information system design highly susceptible to scope creep? - Answer- -
Intended users ask for additional features
-People who were not intended users ask to be included
-Technology changed from the time the business case was written and system
development began.
-The actions of a competitor, supplier, or regulatory agency triggered additional
requests for functionality.
What can be done to prevent runaway projects? - Answer- Because scope creep is
expensive, project managers impose controls on changes requested by users. These
controls help to prevent runaway projects
, How does data visualization contribute to our learning - Answer- - adds visual display to
analytics
- identify patterns that offer answers to business questions
- discover hidden data relationships, improve performance
Heat maps - Answer- - convey colors at a glance (ex: excel)
Data visualization increasing - Answer- Today's data discovery technologies provide
greater data exploration and ease of use to help users find answers to "why" and "what
if" questions through self-service analytic apps.
- real time data
- analytics
- interactive reporting tools
2 examples of Data visualization - Answer- -Vendor Aqumin provides real time visual
interpretation solutions for the financial services industry
-Aqumin's OptionVision enables traders, risk managers, and market participants to spot
opportunities, risk, and market changes
-AlphaVision for Excel enables visual interpretation capabilities directly within the
Microsoft Excel platform
-AlphaVision for Bloomberg is developed for professional portfolio managers, traders,
and risk analysts and is connected directly to the Bloomberg Terminal to leverage data
provided by Bloomberg.
-IBM SPSS Analytic Catalyst has made sophisticated analytics accessible. Analytic
Catalyst enables business users to conduct the kind of advanced analysis that had
been designed for experts in statistical software. The software fast tracks analytics by
identifying key drivers, selecting an appropriate model, testing it, and then explaining
the results in plain English
-Roambi Analytics is a leading mobile reporting and data visualization app designed for
iPads and iPhones. The app can take data from most sources, including Box, Google
Docs, spreadsheets, BI systems, databases, and Salesforce.com, and transform them
into interactive data visualizations.
What is an enterprise data mashup? - Answer- combinations of data from various
business systems and external sources, often in real time, and without necessarily
relying on a middle step of ETL (extract, transform, and load) from a data warehouse
What are the functions and uses for enterprise matchups? - Answer- improve
operational efficiency, optimize the sales pipeline, enhance customer satisfaction, and
drive profitability
