Q23. As programs get larger, the need for formalization of management processes

Question

Q23. As programs get larger, the need for formalization of management processes increases. a. true b. false Q24. 26. The principal function of business analysts on projects is: a. to make a strong business case for the project b. to bridge the business-technology gap when formulating requirements c. to analyze market conditions so that he project can focus its attention on delivering products that meet a market need d. play the lead role in tracking project finances Q25. A salient characteristic of invitation for bids (IFBs) is: a. only high quality performers are invited to participate in the bid b. the ultimate terms and conditions incorporated into the contract are determined through extensive negotiations c. the bids are sealed bids, opened publicly at one time d. they only quote a price for deliverables without describing what work will be done Q26. Common practice holds that both hardware and software projects are classified as 'major' programs if they have budgets greater than $100 million. a. true b. false

Explanation / Answer

Q. As programs get larger, the need for formalization of management processes increases.

A. (a) True.

Q. The principal function of business analysts on projects is?

A. (c) To analyze market conditions so that he project can focus its attention on delivering products that meet a market need.

Q.  A salient characteristic of invitation for bids is.

A. (c) The bids are sealed bids, opened publicly at one time, Because sealed bid is one of the characteristic of Invitation for bids (IFB).

Q.  Common practice holds that both hardware and software projects are classified as 'major' programs if they have budgets greater than $100 million.

A. (a) True. Major program means billions of dollars project. Hundreds of millions dollars or above is also known as major program.

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