Lecture 5 - Software Project Evaluation (Business Case) Flashcards
What is the name of the process used to identify the cause of a project failure and how to prevent it from happening again?
Project post-mortem
(post-mortem means after death)
TF: 50% of all project failures can be avoided by commonly known Software Project Management Principles and Practices
False. 90%
What outlines the overall costs and risks and compares them to the benefits that justify pursuing the project?
Business case
TF: A Business Case establishes a project’s tangible and intangible objectives
True
TF: A Business Case does not outline all the necessary factors and options with the rationale for choosing the proposed solution
False. It does
TF: A Business Case is a proposed idea or project to address a situation or problem to inform/persuade decision makers
True
Why are software engineers’ proposals often rejected by management?
Because they prepare detailed technical rather than business justifications
What is the Business Planning Process?
- Prepare vision
- Demonstrate technical feasibility
- Conduct market survey
- Develop business plan
- Prepare business case
- Sell idea and develop support base
- Get ready to execute