INFORSY-LEC3A (QUIZ 1) Flashcards
A ___________ has the following
characteristics:
* addresses business problems or
opportunities;
* requires approval to proceed;
* is restricted by boundaries; and
* proceeds through distinct stages
project
_________ are the general long-term goals of an organization. They are mainly expressed through vague and unquantifiable statements. Aims serve to give a purpose to the general statements and vision statements.
Objectives
_________ are plans or schemes to achieve the long term objectives of the business. It is used for trying to achieve strategic objectives.
Strategies
________ are short-term ways that organizations use to achieve their aims and objectives, they are used to achieve the tactical objectives.
Tactics
Temporary endeavor undertaken to create a unique product or service
Projects
The application of knowledge, skills and
techniques to execute projects effectively and efficiently.
A strategic competency for organizations,
enabling them to tie project results to business goals — and thus, better compete in their markets.
Project Management
A means of communication between project participants.
A mechanism for identifying and resolving
project related risks and issues.
Project Management
A document that brings together the key project data required to launch a new
project in an effective manner, and to measure the risks and benefits associated with the project.
Project Charter
- A document that formally recognizes the existence of a project and provides direction on the project’s objectives and
management - It documents the reasons for undertaking the project.
- Outlines the objectives and the constraints faced by the project.
- Provides solutions to the problem in hand.
- Identifies the main stakeholders of the project
Project Charter
Define a good acronym that represents the project or organization
The BITUIN (Banner Initiative to Transform, Unify, Integrate and Navigate) Project Data Harmonization Initiative (DHI) Team will be spearheading a series of data migration-related activities into the new ERP System.
Project Name
Describes the value and need for a project. It should clearly articulate the benefits that will result from successful completion of the project.
- Why is this project worth doing?
- Why is it important to do now?
- What are the consequences of not doing this project?
- How does it fit with business initiatives and targets?
If the project fails, what will happen to the organization?
Project Background
Discuss the Business Case
The justification to carry out the project
Describes the value and need for a project
* problem statement, financial savings, outcome
Project Background
A good problem statement must describe, not only what the problem (in the process, product or service) is, but provide some context of how it impacts the business and its customers.
Some initial data collection may be required to estimate the magnitude of the problem.
Problem Statement
____________ refers to all the work involved in creating the products of the project and the processes used to create them. Define and control what is or is not included in a project
- Boundaries can be the start and end points of a process
- In-scope and Out-scope
- Range of products under review
- Geographical locations involved
- Type of system changes permissible
- Activities that will be performed
- Timeline: Start and end date of the project
Project Scope
______________ is a product produced as part of a project, such as information system, tangible product, planning documents, or service
________ are accomplishments, results, milestones or key events of a project.
Project Deliverable
