Q. The primary objective of cost-benefit analysis is
✅ Correct Answer: (C)
to determine if it is economically worthwhile to invest in developing the information system
Project Management MCQs and Notes
Q. A cost-benefit analysis is performed to assess
✅ Correct Answer: (A)
economic feasibility
Q. The process of determining whether an entrepreneur's idea is a viable foundation for creating a successful business is known as a:
✅ Correct Answer: (A)
feasibility analysis
Q. At the end of the feasibility study the systems analyst
✅ Correct Answer: (B)
gives a summary feasibility report to the management
Q. The following are the most important points of a detailed system proposal
(i) who will supply and install the required equipment
(ii) cost-benefit analysis
(iii) comparison of alternative solutions
(iv) implementation plan
(i) who will supply and install the required equipment
(ii) cost-benefit analysis
(iii) comparison of alternative solutions
(iv) implementation plan
✅ Correct Answer: (C)
ii, iii and iv
Q. By economic feasibility of a system we mean that
✅ Correct Answer: (D)
finances are available to implement the system and it will be cost – effective
Q. By operational feasibility we mean
✅ Correct Answer: (C)
the system can be adapted by an organization without major disruptions
Q. By technical feasibility of a solution we mean that
✅ Correct Answer: (A)
technology is available to implement it
Q. Goals are identified by
✅ Correct Answer: (B)
pinpointing unsatisfactory performance
Q. During feasibility analysis it is necessary to examine several alternative solutions because
(i) a comparison of alternatives will lead to a cost-effective solution
(ii) a pre-conceived single solution may turn out to be unimplementable
(iii) it is always good to examine alternatives
(iv) management normally looks at alternatives
(i) a comparison of alternatives will lead to a cost-effective solution
(ii) a pre-conceived single solution may turn out to be unimplementable
(iii) it is always good to examine alternatives
(iv) management normally looks at alternatives
✅ Correct Answer: (C)
i and ii