Chapter 2 Flashcards
(19 cards)
Business case
A formal document that outlines the justification for the initiation of an IT project
Impact on IT project
- Securing approval and funding for project
- Project aligns with business objectives and prove clear rationale for investment.
Strategic planning process
1.Defines it’s long-term goals and identities the resources needed to achieve them.
2. Setting objectives, determining action to achieve those objectives, and mobilizating resources.
Important to IT
Stay competitive and responsive to market changes.
Planning tools
1.BSC
2.CSF
3.Mission statement
4.Role in strategic planning
BSC balanced scorecard
A tool used to measure and provide feedback to organisations on their strategic on their strategic objectives
CSF critical success Factor
The key areas where satisfactory performance is required for the organisation to achieve it’s goal
Mission statement
1.A concise declaration of an organisation’s core purpose, value, and direction
2. Guides it’s strategic planning and decision-making
Role in strategic planning
The mission statement serves as the foundation for setting goals and objectives.
SWOT Analysis
A tool used to assess an organisation’s internal and external environments
SWOT Analysis strengths
Internal attributes that provide an advantage
SWOT Analysis weakness
Internal limitations area for improvement
SWOT Analysis opportunities
External factors the organisation can exploit to its advantage
SWOT Analysis threats
External factors that could cause trouble for the organisation.
SWOT Analysis purpose
SWOT Analysis helps organisations identify strategic options that can build on strength, address weakness, capitalize on opportunities, and mitigate threats
External factors
- Government
- Technology
- Suppliers
- The economy
- Competitors
- Customers
Internal factors
Strategic plan
Top managers
User requests
IT department
Existing system and data
Company finances
Discretionary
Projects where Management has a choice in implementing
Non- Discretionary
Management has no choice in implementing in a project
