Module 2 Pre Project and Business Case Flashcards
Group of related activities critical for effective delivery of project outcomes
8 Project Performance Domains
These provide guidance for effective project management
12 Principles of Project Management
The person ultimately responsible for the outcome
of the project
Project Manager
Generally accountable for development and maintenance of project business case
Project Sponsor
Situations we want to avoid due to no business case
- Unclear project scope
- Scope creep, resulting in numerous rework, cost overruns, and delays
- Inappropriate solutions (ex. Commercial off the shelf solutions instead of
custom solution) - Scrapping of the project due to
a. Loss of sponsor and stakeholder support
b. Costs exceeding benefits
c. Business changes
SARIE
Situation
Analyzation
Recommendation
Implementation
Evaluation
special cause-and-effect diagram that examine causes uncovered by fishbones and mind maps, then inter-relate them. Causes that create most effects are the ones to fix first.
Interrelationship Diagrams
show most significant contributors to a problem (80/20 - 80% of problems are caused by 20% of factors)
Pareto Diagrams
show trends and correlations between two sets of variables
Scatter Diagrams
satisfy + suffice
Satisficing
similar to work breakdown type of approach, to understand the major deliverables required
Functional Decomposition
visual depiction of elements involved
Scope diagrams
document scenarios from a business viewpoint of how a solution should behave
User Stories
TELOS
Technological Feasibility
Economic Feasibility
Legal Feasibility
Operational Feasibility
Schedule Feasibility
Also known as “Break-Even Point”
Pay Back Period (PBP)
