IT Business Flashcards
Blank is a system of processes that ensures the effective and efficient use of IT to enable an organization to achieve its business goals
IT governance
Due to their reliance on technology and data, many companies are known as what?
Digital enterprises
Supporting any technology used to assist solving business problems is what?
Organizational function of IT
What are the five different domains IT covers?
1) Communication
2) data collection and management
3) Information security management
4) consumer relationship management
5) process improvement
What tracks an d organizes every interaction a company has with current and potential customers?
Customer relationship management system (CRM)
What IT job sets up, maintains and monitors the hardware and software that support the networking components of a computer system?
Network administrators
What IT role sets up, maintains and monitors devices that support business operations
System administrator
What OT role controls the customer facing content of an org’s website and intranet?
Web administrators
Who configures and troubleshoots an organization’s data repository
Database Administrator
Who monitors the behaviors of the system components for anomalies and malicious attacks and to put measures to mitigate internal and external threats?
Cybersecurity analyst
Who provides end user training and helps users resolve issues with accessing resources and systems?
Technical support
Blank is outsourcing outside county lines
Offshoring
Blank uses the resources and skills of a developed workforce from an external organization
Outsourcing
Blank is the term for outsourcing project management
Project outsourcing
Blank is the term for offshoring to countries in a closer time zone
Nearshoring
Blank is the term for assigning protects to employees within the organization and is an expensive option
Insourcing
A what is a purpose-driven event that has a definite start and finish
Project
What ensure that the projects are well defined, with clear l, attainable goals and that resources are in place for successful completion
Project management framework
Projects usually include these four phases
Initiation
Planning
Executing
Closure
What broadly defines the phase in a project that begins with a business case, followed by a feasibility study
Project initiation
What is the name for the project document that outlines the business need, the stakeholders and the business case
Project charter
What phase of a project includes developing a roadmap for everyone to follow?
Project planning
What does SMART stand for?
Specific
Measureable
Attainable
Realistic
Timely
What does CLEAR stand for?
Collaborative
Limited
Emotional
Appreciable
Definable
By the end of the planning phase what documents have been created?
Scope
Work breakdown structure
Milestones
Communication plan
Risk management plan
What statement outlines the objectives, deliverables, and milestones?
Scope
What document breaks the work down into manageable segments for the team?
Work breakdown Structure (WBS)
What term defines high-level goals to meet throughout the project’s duration?
Milestones
What document outlines the frequency and methods of communicating with stakeholders?
Communication plan
What document identifies foreseeable risks including costs and delays?
Risk management plan
During what phase of a project are deliverables developed and completed. A kickoff call starts this phase ?
Project execution
What are used to monitor the project’s progress?
Key performance indicators (KPI) or metrics
During what part of the project is the project declared complete and a meeting is held to discuss strengths and opportunities for improvement?
Project closure
What are the three broad categories of risk a project may encounter?
1) risks in execution
2) risks in integration
3) risks of the unknown
What are the steps to considering risk during the planning phase?
1) identify the risks
2) analyze the impact on the project outcome
3) prioritize the risks by severity and likelihood
4) outline a mitigation strategy to minimize potential risks
5) install monitoring systems for unanticipated risks
Blank typically revolve around cost overrun, insufficient staff, inadequate tools and lack of support
Risk in execution
Blank can be mitigated by assessing potential disruptions, ensuring adequate support from stakeholders and having a shared understanding of the projects complexity
Risks of integration
What are the two key strategies to successfully identify risks?
1) frequent monitoring of project parameters
2) sound communication between project participants
What is the term for uncontrolled change of a project’s scope?
Scope creep
What is the term for budget control issues, such as underestimated or improper allocations of cost?
Budget risk
What describes departments and individuals resisting organizational change resulting from a project?
Resistance to a change
What describes an inability to secure sufficient resources for the project?
Resource risk
What describes a vendor failing to deliver on contractual obligations?
Contract risk
What is a risk that occurs when completion of a task is dependent on the completion of other tasks?
Project dependencies
What describes when assumptions about the project are invalidated during project development?
Project assumption risks
What describes when a project meets requirements, but delivers fewer benefits than outlined in the business case?
Benefit shortfall