Planning: Project Identification, Project Management And Requirements Analysis Flashcards
What is a project?
Project is a set of activities with a specified beginning and end point intended to create a system that brings value to the business
What is project management?
The process of planning and controlling an IS project within a specified time and budget
What are project managers?
The monitor and control all tasks and roles that need to be coordinated
How is the project identified ?
- Projects are driven by business needs
- Identified by business people
- Identified by IT people
- Both above.
The project sponsor is a business person that believes in the system and wants to see it succeed. Also, has the authority to move the project forward.
What are the business values?
- Tangible: 2% reduction in operating cost.
- Intangible: Improved customer service
- Imperative: Millennium bug y2k.
What questions arises in the feasibility analysis?
- Is this project feasible?
- What are the risks?
- Can these risk be overcome?
Technical Feasibility. Can we build it?
Functional: are analysts familiar with this portion of the business?
Technical: Is this new or unfamiliar technology?
Scale: Is the project of a manageable size?
Compatibility: will there be many components to integrate?
Economic Feasibility. Should we build it? AKA Cost-Benefit analysis
Identify and assign value to costs and the benefits
Determine the cash flow
Determine the value using :
- Net present value (NPV)
- Return on investment (ROI)
- Break-even point analysis
Organizational Feasibility. Will they use it?
Will the users accept the system?
Is the project strategically aligned with the business?
Is there an obvious senior project champion(s)?
Have all stakeholders been identified and involved?
Is the management pre-disposed to adopting a new system
Describe the project selection.
The projects are approved, declined or delayed based on value added vs risk.
The project portfolio management goals are to maximize cost/benefit ratio and maintain an optimal mix of projects based on risk-size, cost and length.
What are the project management tools (Work planes) ?
Work breakdown structures (WBS): a hierarchy of tasks identifying duration, status dependencies
Gantt chart: horizontal bar chart that shows the WBS graphically
PERT chart: describes tasks and status
How is the project effort estimated?
Estimation involves trade-offs between Functionality/Quality, time and cost.
F/Q /\ / \ / \ T/\_\_\_\_\_ \ C
How is managed the work plan?
In waterfall, the work plan is usually a sequential list of tasks needed to complete in a project.
In agile, the work plan is determined by the backlog.
Also, is an essential part of planning as it determines the skills, numbers and timing of people.
Briefly describe the techniques to manage the project scope.
Identify all requirements at the
outset (!!!)
Allow only those changes deemed absolutely necessary
Carefully examine the impact of suggested changes
Delay some changes for “future enhancements”
Time boxing
Why analysis of requirements is a critical step in the SDLC?
More than 50% of system failures are due to problems with requirements.
It’s usually very hard for customers/users to describe the requirements of a new system.
However, the changes can be made easily in this stage.