Chapter 2 Flashcards
Business Case
Refers to the reasons, or justification, for a proposal
Constraint
A requirement or a condition that the system must satisfy or an outcome that the system must achieve
Discretionary Project
Where management has a choice in implementing a project, they are called discre-tionary. For example, creating a new report for a user is an example of a discretionary project
Nondiscretionary project
Where management has no choice in implementing a project, it is called nondis-cretionary. For example, adding a report required by a new federal law
Tangible Benefit
Positive outcome that can be measured in dollars. It can result from a decrease in expenses, an increase in revenues, or both. Examples of tan-gible benefits include the following: A new scheduling system that reduces overtime. An online package tracking system that improves service and decreases the need for clerical staff. A sophisticated inventory control system that cuts excess inventory and elimi-nates production delays
Intangible benefit
Positive outcome that is difficult to measure in dollars. However, intangible benefits can be very important in the calculation of economic feasibility. An example of an intangible benefit might be a new website that improves a company’s image
Operational Feasibility
A system that that will be used effectively after it has been developed.
project creep
The process by which projects with very general scope definitions expand gradually, with-out specific authorization
Project scope
A specific determination of a project’s boundaries or extent
Schedule feasibility
A project can be implemented in an acceptable time frame
SWOT analysis
An examination of a company’s strengths (S), weaknesses (W), opportunities (O), and threats (T)
Mission Statement
A document or statement that describes the company for its stakeholders and briefly states the company’s overall purpose, products, services, and values.
Technical Feasibility
When an organization has the resources to develop or purchase, install, and operate the system
Total Cost of Ownership
A number used in assessing costs, which includes ongoing support and maintenance costs, as well as acquisition costs
