Chp 4 Flashcards
What are the 3 activities for Project identification and selection?
- Identify potential development projects
- Classifying and ranking IS development projects
- Selecting IS development projects
How are Projects identified?
- Top management
- Steering Committee
- Functional Area
- Development Group
Top-down Source
projects identified by top management or steering committee; broader understanding of overall business objectives
Bottom-up Source
projects stemming from managers, business units, or development groups; may not reflect overall business objectives
Criteria for classifying and ranking projects
Value chain analysis, strategic aligment, potential benefits, resource availability, project Size/Duration, Technical difficulties/Risks
Value Chain analysis
analyzing an organizations activities to determine where value is added to products and/ services and the costs incurred for doing so
Factors to consider for project selection
Existing/available resources, Perceived and real needs, list of potential/ongoing projects, current organizational environment, evaluation Criteria
Decision Outcomes
Accept/Reject/Delay Project, refocus project, end-user development, proof of concept
incremental commitment
the project is reviewed after each phase and continuation of the project is requestified
Define and list 3-steps of Corporate strategic planning
an ongoing process that defines the mission, objectives, and strategies of an organization
- gaining an understanding of current enterprise
- Future enterprise (where it wants to be)
- Strategic Plan to guide transition
Mission Statement
clear statement of wat business a company is in
Objective Statements
series of statements that express an organizations qualitative goals for reaching a desired future position
Competitive strategy
method by which an organization attempts to achieve its mission and objectives
Information System Planning
ISP: orderly means of assessing the information needs of an organization and defining the information systems, database and technologies that will best satisfy those needs
Top-down planning
attempts to gain a broad understanding of the informational needs of the entire organization