In the ____ stage, organizations tie information technology strategy to mission and vision of organization and identify key business areas.
a. Project Planningb. Business Area Analysis
c. Resource Allocation
d. Information Technology Strategy Planning
Answer: Information Technology
Author ____, who developed the concept of the strategic value of competitive advantage, has written several books and articles on strategic planning and competition.
a. James Baconb. Michael Porter
c. Robert Cooper
d. Carol Matlack
Answer: Michael Porter
One method for selecting projects based on ____ is to determine whether they first meet three important criteria: need, funding, and will.
a. broad organizational needsb. using a weighted scoring model
c. implementing a balanced scorecard
d. categorizing information technology projects
Answer: broad organizational needs
____ are new requirements imposed by management, government, or some external influence.
a. Opportunitiesb. Commands
c. Problems
d. Directives
Answer: Directives
The first step in determining the NPV is to ____.
a. determine the estimated costs and benefits for the life of the project and the products it producesb. determine the discount rate
c. calculate the net present value
d. determine the cash flow
Answer: determine the estimated costs and benefits for the life of the project and the products it produces