02Chapter Flashcards
What are the three deliverables for a succesful project to occur?
Cost, on budget-Schedule, on time-Performance, desired specifications
What project identification and initiation?
Project driven by business needs
-Project sponsor must exist to support project
A project should add business value, name the two?
Tangible, measured easily
-Intangible, hard to measure benefits
Name the elements of a system request?
Project sponsor
- Business need
- Business requirements
- Business value
- Special issues
What is feasibility analysis?
identifies projects risks in ragards to:
- technical -can we build it?
- Economic -should we build it?
- Organizational -if build, will it be used?
Who are the stakeholders in organizational feasibility?
Project Champion
- Senior Management
- Users
What does feasibility analysis accomplishes in a project?
It helps organization make wiser decisions
During a process selection, what is a project portfolio management?
process to optimize process selection
- in terms of
- economic measures
- IT and business strategies
When not to select a project?
method does not involve deliberate course of action analysis
