Module 02 Flashcards

1
Q

Project Selection Methods

A
-Benefit Measurement Methods
Scoring models using weighted criteria
Benefit contributions e.g. cost benefit analysis
Economic models
-Constrained Optimization Methods
Linear, Nonlinear, dynamic, integer, multiple objective programming
Used for complex projects
-Expert Judgment
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2
Q

Cost Benefit Analysis

A

Cost, Revenue, and Project Savings
Short term focus
Typically does not include strategic value or other intangibles

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3
Q

IT Benefits

A

-Tangible Benefits
Increases in revenue
Reduction in labor costs
Reduction in supplies needed
Reduction in maintenance costs for computer systems
Reduction in use of patient care services
-Intangible Benefits (Difficult to Measure and Quantify)
Improvements in decision making
Improvements in communication
Improvements in compliance
Improvements in collaboration

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4
Q

IT Costs

A
Hardware
Software
Communication
Labor
Education and Training
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5
Q

Project Selection Benefit Measurement - Economic Models

A

Cash Flow
IRR
NPV

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6
Q

Identifying Project Stakeholders

A
Project Manager
Project Management Office
Project Management Team
Project Team Members
Performing Organizations
Customer/user
Project Sponsor
Influencers
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7
Q

Stakeholder Registry

A

A project document containing a list of all project stakeholders

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8
Q

Project Charter

A

Formally Authorizes the Project and Identifies a Project Manager

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9
Q

Inputs to Developing a Project Charter

A

Statement of Work
-Describes the products or services that will be delivered by the project
Business Case
-Business need and justification
-Typically includes a cost benefit analysis
Contract
-A project for a customer who is external to the -performing organization

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10
Q

Enterprise Environmental Factors

A

Organizational Culture and Infrastructure
Government and Industry Standards
Marketplace conditions

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11
Q

Organizational Process Assets

A

Organizational Process Assets
Organizational standard processes, policies
Templates (e.g. project charter template)
Historical information

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12
Q

Expert Judgment

A

Used to assess inputs and create the project charter

Collaborative effort

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13
Q

Output of Developing the Project Charter

A
Project purpose or justification
Measurable project objectives and related success criteria
High-level requirements
High-level project description
High-level risks
Summary milestone schedule
Summary budget
Project approval requirements
Assigned project manager
Name and authority of the sponsor
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14
Q

What are the benefits of a project charter and why is it important for software development projects?

A

Increased and enhanced communication to everyone on project team. Create objectives, high level requirements, milestones, etc

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15
Q

Process Management

A

Process Management is the discipline of defining, implementing, and maintaining the work process within an organization.
The goal of process management is to create an environment for improving quality and productivity
Processes must fit the organization’s objective and culture
Process management is an iterative task that requires strategic commitment of resources

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16
Q

Process Management Process

A

The quality of the product produced is directly related to the quality of the processes used to create the product

17
Q

Process Management Involves

A
Formal process definition
Process measurement
Feedback and control
Improvement
Optimization
18
Q

Six Sigma

A
DMAIC – Existing Business Processes
Define
Measure
Analyze
Improve
Control
DMADV – New Process Designs
Define
Measure
Analyze
Design
Verify
19
Q

Software Project Management

A

Capability Maturity Model Integrated (CMMI)
Software Engineering Institute Body of Knowledge
IEEE 1037 – Standard for Developing Software Life Cycle Processes

20
Q

NPV

A

Net Present Value

21
Q

IRR

A

Internal Rate of Return