Module 02 Flashcards
Project Selection Methods
-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
Cost Benefit Analysis
Cost, Revenue, and Project Savings
Short term focus
Typically does not include strategic value or other intangibles
IT Benefits
-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
IT Costs
Hardware Software Communication Labor Education and Training
Project Selection Benefit Measurement - Economic Models
Cash Flow
IRR
NPV
Identifying Project Stakeholders
Project Manager Project Management Office Project Management Team Project Team Members Performing Organizations Customer/user Project Sponsor Influencers
Stakeholder Registry
A project document containing a list of all project stakeholders
Project Charter
Formally Authorizes the Project and Identifies a Project Manager
Inputs to Developing a Project Charter
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
Enterprise Environmental Factors
Organizational Culture and Infrastructure
Government and Industry Standards
Marketplace conditions
Organizational Process Assets
Organizational Process Assets
Organizational standard processes, policies
Templates (e.g. project charter template)
Historical information
Expert Judgment
Used to assess inputs and create the project charter
Collaborative effort
Output of Developing the Project Charter
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
What are the benefits of a project charter and why is it important for software development projects?
Increased and enhanced communication to everyone on project team. Create objectives, high level requirements, milestones, etc
Process Management
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
