exam 02 Flashcards
(53 cards)
What is the focus of project initiation?
Activities designed to assist in organizing a team to conduct project planning.
List the elements of project initiation.
- Establishing the project initiation
- Relationship with the customer
- Project initiation plan
- Management procedures
What are the elements of project planning?
- Describe the project scope
- Alternatives
- Feasibility
- Dividing the project into manageable tasks
- Estimating resources
- Creating a resource plan
Define a business case.
Justification for an information system, presented in terms of tangible and intangible economic benefits and costs, and the technical and organizational feasibility.
What is the Baseline Project Plan (BPP)?
Major outcome and deliverable from the project initiation and planning phase that contains the best estimate of a project’s scope, benefits, costs, risks, and resource requirements.
What does the Project Scope Statement (PSS) outline?
What the project will deliver and high-level work required to complete the project.
What categories represent project feasibility?
- Economic
- Technical
- Operational
- Scheduling
- Legal and contractual
- Political
What is assessing economic feasibility?
The process of identifying the financial benefits and costs associated with a development project.
Define tangible benefits.
Benefits from the creation of an information system that can be measured in dollars or with certainty.
Define intangible benefits.
Benefits that cannot be easily measured in dollars or units.
What are the guidelines for cost estimating?
- Have clear guidelines for creating estimates
- Use experienced developers
- Develop a culture of responsibility for accurate estimates
- Use historical data
- Update estimates as the project progresses
- Monitor progress and record discrepancies
What is Total Cost of Ownership (TCO)?
Cost of owning and operating a system, including total acquisition costs and ongoing use and maintenance costs.
What are one-time costs?
Costs associated with project start-up and development or system start-up.
What are recurring costs?
Costs resulting from the ongoing evolution and use of a system.
What does NPV stand for?
Net Present Value.
What is the formula for ROI?
The ratio of the net cash receipts of the project divided by the cash outlays of the project.
What does BEA stand for?
Break-even analysis.
What is technical feasibility?
The process of assessing the development organization’s ability to construct a proposed system.
Name a consequence of not assessing project risks.
Failure to attain expected benefits from the project.
What factors are used in project risk assessment?
- Project Size
- Project Structure
- Development Group
- User Group
Define operational feasibility.
The process of assessing the degree to which a proposed system solves business problems or takes advantage of business opportunities.
What does schedule feasibility assess?
The degree to which the potential time frame and completion dates meet organizational deadlines.
What is the purpose of the Baseline Project Plan (BPP)?
To contain the best estimate of a project’s scope, benefits, costs, risks, and resource requirements.
What are the four major sections of the BPP?
- Introduction
- System Definition
- Feasibility Assessment
- Management Issues