Question 1

What is the purpose of using a real options pricing model to estimate the potential value of an information systems project?

Accepted Answer

Some information systems projects are hi...

Question 2

Intangible benefits cannot be immediately quantified but may lead to quantifiable gains in the long run.

Accepted Answer

A) True 
 B)False

Question 3

You have been hired as a consultant for a nationwide real estate firm, Cross & Deptford, who are interested in achieving better organization between branches by updating their information systems, but are not sure what will suit their needs. What will you recommend they do in order to determine the most effective IT projects?

Accepted Answer

Cross & Deptford first should have an in...

Question 4

ROPMs value information systems similar to stock options, in that

Accepted Answer

A)   ROPMs can be bought and sold like stocks.
B)   a company's worth can be evaluated by the worth of their ROPMs.
C)   initial expenditures on IT projects are seen as creating the right to pursue and obtain benefits from the system at a later date.
D)   expenditures and benefits from IT projects are seen as inflows and outflows of cash that can be treated themselves like options.E) All of the above
F) A) and B)

Question 5

Which of the following project management variables indicates how well the project satisfies management objectives?

Accepted Answer

A)   goals
B)   risk
C)   quality
D)   scopeE) A) and D)
F) B) and D)

Question 6

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

Accepted Answer

A)   future present value.
B)   internal rate of return.
C)   external rate of return.
D)   ROPM.E) None of the above
F) B) and C)

Question 7

Mandatory use of a system is one effective way of overcoming user resistance to an information system.

Accepted Answer

A) True 
 B)False

Question 8

List five types of information that should be included in an information systems plan.

Accepted Answer

General categories of information includ...

Question 9

The ________ consists of systems analysts, specialists from the relevant end-user business areas, application programmers, and perhaps database specialists.

Accepted Answer

A)   project management group
B)   project team
C)   IS steering committee
D)   corporate strategic planning committeeE) C) and D)
F) B) and D)

Question 10

Which of the following statistics from studies on failed projects is not true?

Accepted Answer

A)   Between 30 and 40 percent of software projects fail in terms of budget, schedule, and quality.
B)   Thirty-two percent of technology investments are completed on time, within budget, and with requirements met.
C)   The average cost overrun of IT projects is 60 percent.
D)   One in six IT projects have an average cost overrun of 200 percent.E) None of the above
F) All of the above

Question 11

An information system project's scope is directly related to its business requirements.

Accepted Answer

A) True 
 B)False

Question 12

To best evaluate, from a financial standpoint, an IT investment whose benefits cannot be firmly established in advance, you would use

Accepted Answer

A)   capital budgeting.
B)   the real option pricing model.
C)   a scoring model.
D)   the net present value.E) A) and B)
F) B) and C)

Question 13

An example of using an internal integration tool would be to

Accepted Answer

A)   define task dependencies.
B)   include user representatives as active members of the project team.
C)   create a PERT chart.
D)   hold frequent project team meetings.E) A) and B)
F) A) and C)

Question 14

Differentiate between intangible and tangible benefits and list three examples of each. In what types of systems are intangible benefits more predominant?

Accepted Answer

Tangible benefits can be quantified and ...

Question 15

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?

Accepted Answer

A)   any high-risk projects
B)   any low-benefit projects
C)   all high-risk, low-benefit projects
D)   none, any project might be beneficialE) C) and D)
F) B) and D)

Question 16

All of the following are indications of a failed information systems project except

Accepted Answer

A)   employees are refusing to switch to the new system.
B)   employees have created a spreadsheet solution to manipulate the data generated by the system.
C)   a redesigned Web site has fewer visits to the customer support pages.
D)   employees require training to properly use the system.E) B) and C)
F) A) and C)

Question 17

Transaction and clerical systems that displace labor and save space typically produce more measurable, tangible benefits than management information systems.

Accepted Answer

A) True 
 B)False

Question 18

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 a(n)

Accepted Answer

A)   project plan.
B)   portfolio analysis.
C)   information systems plan.
D)   enterprise analysis.E) None of the above
F) B) and C)

Question 19

Users prefer systems that

Accepted Answer

A)   are oriented to facilitating organizational tasks and solving business problems.
B)   work with existing DBMS.
C)   are able to provide optimum hardware and software efficiency.
D)   are capable of storing much more data than they need.E) All of the above
F) None of the above

Question 20

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

Accepted Answer

A)   total cost of ownership.
B)   adherence to information requirements.
C)   asset utilization.
D)   return on invested capital.E) A) and D)
F) All of the above

Exam 14: Managing Projects

Which of the following project management variables indicates how well the project satisfies management objectives?

Correct Answer
verified

An information system project's scope is directly related to its business requirements.

Correct Answer
verified

What is the purpose of using a real options pricing model to estimate the potential value of an information systems project?

Correct Answer
verified
Some information systems projects are hi...
View Answer

Transaction and clerical systems that displace labor and save space typically produce more measurable, tangible benefits than management information systems.

Correct Answer
verified

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?

Correct Answer
verified

ROPMs value information systems similar to stock options, in that

Correct Answer
verified

List five types of information that should be included in an information systems plan.

Correct Answer
verified
General categories of information includ...
View Answer

Intangible benefits cannot be immediately quantified but may lead to quantifiable gains in the long run.

Correct Answer
verified

The ________ consists of systems analysts, specialists from the relevant end-user business areas, application programmers, and perhaps database specialists.

Correct Answer
verified

To best evaluate, from a financial standpoint, an IT investment whose benefits cannot be firmly established in advance, you would use

Correct Answer
verified

Differentiate between intangible and tangible benefits and list three examples of each. In what types of systems are intangible benefits more predominant?

Correct Answer
verified
Tangible benefits can be quantified and ...
View Answer

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

Correct Answer
verified

Mandatory use of a system is one effective way of overcoming user resistance to an information system.

Correct Answer
verified

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 a(n)

Correct Answer
verified

Correct Answer
verified
Cross & Deptford first should have an in...
View Answer

An example of using an internal integration tool would be to

Correct Answer
verified

Users prefer systems that

Correct Answer
verified

Which of the following statistics from studies on failed projects is not true?

Correct Answer
verified

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

Correct Answer
verified

All of the following are indications of a failed information systems project except

Correct Answer
verified

Exam 14: Managing Projects

Which of the following project management variables indicates how well the project satisfies management objectives?

Correct AnswerverifiedShow Answer

An information system project's scope is directly related to its business requirements.

Correct AnswerverifiedShow Answer

What is the purpose of using a real options pricing model to estimate the potential value of an information systems project?

Correct AnswerverifiedSome information systems projects are hi...View AnswerShow Answer

Transaction and clerical systems that displace labor and save space typically produce more measurable, tangible benefits than management information systems.

Correct AnswerverifiedShow Answer

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?

Correct AnswerverifiedShow Answer

ROPMs value information systems similar to stock options, in that

Correct AnswerverifiedShow Answer

List five types of information that should be included in an information systems plan.

Correct AnswerverifiedGeneral categories of information includ...View AnswerShow Answer

Intangible benefits cannot be immediately quantified but may lead to quantifiable gains in the long run.

Correct AnswerverifiedShow Answer

The ________ consists of systems analysts, specialists from the relevant end-user business areas, application programmers, and perhaps database specialists.

Correct AnswerverifiedShow Answer

To best evaluate, from a financial standpoint, an IT investment whose benefits cannot be firmly established in advance, you would use

Correct AnswerverifiedShow Answer

Differentiate between intangible and tangible benefits and list three examples of each. In what types of systems are intangible benefits more predominant?

Correct AnswerverifiedTangible benefits can be quantified and ...View AnswerShow Answer

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

Correct AnswerverifiedShow Answer

Mandatory use of a system is one effective way of overcoming user resistance to an information system.

Correct AnswerverifiedShow Answer

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 a(n)

Correct AnswerverifiedShow Answer

Correct AnswerverifiedCross & Deptford first should have an in...View AnswerShow Answer

An example of using an internal integration tool would be to

Correct AnswerverifiedShow Answer

Users prefer systems that

Correct AnswerverifiedShow Answer

Which of the following statistics from studies on failed projects is not true?

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

All of the following are indications of a failed information systems project except

Correct AnswerverifiedShow Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
Some information systems projects are hi...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
General categories of information includ...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
Tangible benefits can be quantified and ...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
Cross & Deptford first should have an in...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified