IT Software Acquisition and Project Management

True/False

1. The PMBOK Guide refers to: The body of knowledge identified by PMI as needed by project managers to be effective.

2. The primary responsibility of a project manager is to ensure that all work is completed on time, within budget and scope, and at the correct performance level.

3. Project managers also have a responsibility to manage as well as lead the people on their team. This includes building team chemistry, mentorship, and making sure everyone has the resources to succeed.

4. Project scope defines the limits of a project managers authority.

5. A stakeholder is anyone who has a vested interest in the project. These include contributors, customers, managers, and financial people.

6. The scope of a project can change throughout the duration of the project, but it is mission critical to outline requirements during the initial phase.

7. The WBS (work breakdown structure) outlines project risk.

8. Having a contingency plan is notimportant for project managers.

9. In project teams, everything will always run smoothly.

10. Milestones are events that represent a point in a project of special significance (example: a customer deliverable).

11. Total cost of ownership (TCO) represents the entire cost of a project. Components of this include fees for the product, maintenance, product customizations, and support.

12. A company should ALWAYSbuild their own software instead of buying a commercial off the shelf (COTS) product.

13. A Request for Proposal (RFP) represents a more detailed requirements document that allows prospective bidders (vendors) to provide a cost proposal and solutions for the reported needs of the organization.

14. Due diligence is a waste of time, and should never be performed.

15. Selecting a vendor is mission critical, and building the initial relationship with a vendor can provide years of mutual valuable return for both the vendor and consumer.