Information Technology Project Management
9th Edition
ISBN: 9781337101356
Author: Kathy Schwalbe
Publisher: Cengage Learning
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Chapter 1, Problem 2QQ
Program Description Answer
Lower cost of capital is not a potential advantage for using good project management.
Hence, the correct option is “C”.
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A project estimator is working on estimates for a project that is very similar to a previous project, in that it has many of the same features and those features have similar costs. Each feature or deliverable will represent the same percentage of the total cost as it did for the previous project. He is using the _________ method of top-down estimating.
a. ratio
b. consensus
c. apportion
d. function point
e. learning curves
The time value of money is a key factor to take into account when determining a project's net present value (NPV). Is the time value of money just as important during times of low inflation as it is during times of high inflation? Describe your reaction.
Which of the following is not a potential advantage of using good project management?a. Shorter development timesb. Higher worker moralec. Lower cost of capitald. Higher profit margins
Chapter 1 Solutions
Information Technology Project Management
Ch. 1 - Why is there a new or renewed interest in the...Ch. 1 - Prob. 2DQCh. 1 - What is project management? Briefly describe the...Ch. 1 - What is a program? What is a project portfolio?...Ch. 1 - What is the role of the project manager? What are...Ch. 1 - Briefly describe some key events in the history of...Ch. 1 - Prob. 7DQCh. 1 - Discuss ethical decisions that project managers...Ch. 1 - Prob. 1QQCh. 1 - Prob. 2QQ
Ch. 1 - Prob. 3QQCh. 1 - Prob. 4QQCh. 1 - Prob. 5QQCh. 1 - _____ is the application of knowledge, skills,...Ch. 1 - Prob. 7QQCh. 1 - Several application development projects done for...Ch. 1 - Prob. 9QQCh. 1 - Prob. 10QQCh. 1 - Read at least two of the first five references...Ch. 1 - Prob. 2ECh. 1 - Prob. 3ECh. 1 - Prob. 4ECh. 1 - Prob. 5ECh. 1 - Research articles and tools on project portfolio...Ch. 1 - Prob. 7ECh. 1 - Research information about PMP® and CAPM®...Ch. 1 - Review PMI’s Code of Ethics and Professional...
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Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, computer-science and related others by exploring similar questions and additional content below.Similar questions
- When calculating the NPV of a project, the time value of money is an important consideration. Is the time worth of money just as essential in low-inflation periods as it is in high-inflation periods? Explain your response.arrow_forwardIn which project management phase is the scope of the work defined? a. Initiating b. Planning O c. Executing d. Closingarrow_forwardWhy is it good practice to assign start and end dates sparingly in the early stages of project planning?arrow_forward
- Write a short paper based on the chapters opening case. Answer the following questions: a. What do you think the real problem was in this case? b. Does the case present a realistic scenario? Why or why not? c. Was Nick Carson a good project manager? Why or why not? d. What should top management have done to help Nick? e. What could Nick have done to be a better project manager?arrow_forwardThe ____________ is a key member and the leader of the steering team who plays such a critical role that lack of this essential individual raises the possibility of project failure.arrow_forwardOne can choose Waterfall Model if the project development schedule is tight. a) True b) Falsearrow_forward
- Question - 1. Write a potential risk of the software project effort estimation and budgeting.Briefly describe the most effective way to handle this riskarrow_forwardIn Poor Richard’s Almanac, Benjamin Franklin penned the familiar lines: “For the want of a nail the shoe was lost, for the want of a shoe the horse was lost, for the want of a horse the rider was lost, for the want of a rider the battle was lost, for the want of a battle the kingdom was lost—and all for the want of a horseshoe nail.” Looking at the outcome in hindsight, could project management concepts have avoided the loss of the kingdom? How?arrow_forwardIf there are constant, regular changes to the scope of the IT project, there may come a time when the decision is made to rethink both resource allocation and project success criteria. This is known as... a. Scope creep b. Scope grope c. Scope leap d. Scope validationarrow_forward
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