ISDS 351 MIDTERM EXAM QUESTIONS
AND ANSWERS 100% SOLVED (Newest 2025) An area of project management that involves generating, collecting, disseminating, and storing project information in a timely and effective manner. - Correct Answers ✅communications management An activity that an organization performs well and leverages widely to many products and markets; a core competency provides value to customers and is hard for competitors to imitate. - Correct Answers ✅core competency An area of project management that involves developing and managing a project budget. - Correct Answers ✅Cost Management A contract that requires paying the provider an amount that covers the provider's actual costs plus an additional amount or percentage for profit. - Correct Answers ✅cost- reimbursable contract The set of project activities that, if any one is delayed, would delay the entire project. - Correct Answers ✅critical path A contract in which the buyer and provider agree to a total fixed price for a well-defined product or service. - Correct Answers ✅fixed-price contract 1 / 2
ISDS 351 MIDTERM EXAM QUESTIONS
AND ANSWERS 100% SOLVED (Newest 2025) A model first proposed by Bruce Tuckman to describe how teams develop and evolve. - Correct Answers ✅forming- storming-norming-performing model A frequently used technique to define the scope of an information system by identifying the business processes it will affect. - Correct Answers ✅functional decomposition A graphical tool used for planning, monitoring, and coordinating projects; it is essentially a grid that lists activities and deadlines. - Correct Answers ✅Gantt Chartt An area of project management that involves making the most effective use of the people involved with a project. It includes organizational planning, staff acquisition, and team development. - Correct Answers ✅human resource management The process of comparing the pros and cons of in-house production versus outsourcing of a given product or service. - Correct Answers ✅make-or-buy decision Tasks associated with a schedule to complete a project that must be completed before a later task can begin. - Correct Answers ✅predecessor tasks
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