CITM-001 Exam Dumps : Certified Information Technology Manager (CITM)

Development cost is the type of cost that is considered as actual costs of analysis, design, and installation for the system. Development cost includes the expenses incurred during the planning, designing, building, testing, and deploying of a system. Development cost is usually estimated before the start of a project and is used to measure the feasibility and profitability of a system. Development cost is also used to monitor the progress and performance of a project and to control the scope and quality of a system. References: CITM Course Outline, Module 4, Corporate IT Strategy, page 9. CITM Training Course, Cost, page 14. CITM Certification Overview, Exam Information, Course Outline, Module 4.

Lower level management, also known as supervisory or operational management, is the lowest tier of the managerial hierarchy. It consists of managers who oversee the work of employees and report to middle level managers. Lower level managers can make use of the managerial hierarchy to obtain approvals or additional guidance from their superiors when they face problems or challenges that are beyond their authority or expertise. The managerial hierarchy also helps lower level managers to communicate and coordinate with other managers and departments within the organization. References: 3, CITM Study Guide, Chapter 2: Organizational Structure and Design, Section 2.1: Types of Organizational Structures, Page 18.

Processed or meaningful data can be defined as information, which is data that has been organized, processed, or structured in a meaningful way according to the given requirement. Information is processed data which includes data that possess context, relevance, and purpose. Information is also the output of data processing, which is the collection and transformation of raw data into useful information. Information can be used for decision-making, analysis, or communication purposes. References: