Once the Project's Goals and Scope Have Been Defined, the Next

question 13

Multiple Choice

Once the project's goals and scope have been defined, the next step in the system definition phase of the systems development life cycle (SDLC) is to ________.

• A)plan the project
• B)assess feasibility
• C)determine system requirements
• D)form a project team

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Definitions:

Payback Period

The length of time required for an investment to recover its initial outlay in terms of profits or savings, used as a measure of the investment's risk.

Required Rate

The minimum return an investor expects to achieve from an investment, taking into account its risk level.

Internal Rate of Return

A financial metric used to estimate the profitability of potential investments, representing the discount rate that makes the net present value of all cash flows equal to zero.

Managers

Individuals responsible for directing and overseeing the operations and strategic direction of a company or organization.