Chapter 9: Project Management Flashcards
What is project management?
Project Management – the application of knowledge, skills tools and techniques to achieve specific targets within specified budget and time constraints
Give some examples of IS projects
develop new information systems, enhance existing, upgrade IT infrastructure
List some tangible benefits of IS projects
Increased productivity, reduced workforce/operational/vendor/facility costs
List some intangible benefits of IS projects
Improved decision-making/operations/asset utilization/flexibility/organizational learning, better client satisfaction/goodwill/corporate image
Outline the 3 major roles in a project
Project stakeholders: involved or affected by project
Executive sponsor: provides the financial resources for the project
Project manager: professional who defines and develops the project plan, tracks the plan and ensures budget is met
What does the executive sponsor do?
Executive sponsor: provides the financial resources for the project
What does the project manager do?
Project manager: professional who defines and develops the project plan, tracks the plan and ensures budget is met
What are the 5 variables in a project?
Five Variables: Scope, time, cost, quality, risk
What are the classic mistakes of project management?
Classic mistakes: bad people, process, product, technology
What is a PERT chart?
Helps manage project activities thru (dependency/critical path activities)
What is a GANTT chart?
Barr chart depicts tasks against a calendar (eng)
What is portfolio analysis?
Tool used to evaluate alternative system projects by their risk and benefit to see if they are worth the investment
What is the sociotechnical design approach?
Design of IS where separate sets of technical and social design solutions are made and the final design has the best of both.
What are the factors influencing project risk?
Project size – Bigger projects
Project structure – Undefined/vague requirements
Experience with technology- Staff lacking technical skill
