3b Flashcards
Contains the BEST ESTIMATE OF A PROJECT’S scope, benefits, costs risks, and resource requirements
Baseline Project Plan (BPP)
A document prepared for the costumer that describes WHAT THE PROJECT WILL DELIVER and OUTLINES GENERALLY AT A HIGH LEVEL ALL WORK REQUIRED TO COMPLETE THE PROJECT
Project Scope Statement (PSS)
The JUSTIFICATION FOR AN IS, presented in terms of the TANGIBLE AND INTANGIBLE ECONOMIC BENEFITS
Business Case
Assessing project feasibility
Economic
Technical
Operational
Scheduling
A process of identifying the FINANCIAL BENEFITS AND COSTS associated with the development project
Economic Feasibility
Derived form the creation of an information system that CAN BE MEASURED IN DOLLARS
Tangible benefits
Derived from the creation of IS that CANNOT BE EASILY MEASURED IN DOLLARS
Intangible benefits
One goal of COST-BENEFIT ANALYSIS
Total Cost of Ownership (TCO)
Refers to the cost of owning and operating a system
Total Cost of Ownership (TCO)
Associated with PROJECT START-UP AND DEVELOPMENT
One-time cost
A cost resulting from the ONGOING EVOLUTION AND USE of a system
Recurring cost
Widely used measure to COMPARE THE EFFECTIVENESS OF IT SYSTEMS INVESTMENT
Return of Investment
Helps you understand HOW MUCH PROFIT PROFIT YOU LOSS
Return of Investment (ROI)
A useful tool to study the RELATION BETWEEN FIXED-COSTS AND VARIABLE COSTS
Break-Even Analysis (BEA)
A handy tool to decide if a company should or should not continue selling products
Break-even Analysis (BEA)
