Session 7

Question 1

What is the Baseline Project Plan?

Answer 1

It defines the projects scope, benefits, costs, risks, resource requirements, and the detailed activities for the next phase.

Question 2

What is the Statement of Work?

Answer 2

It is a short doc in prepared for the customer describing the project deliverables and outlines all work required to complete the project.

Question 3

What Factors determine scope?

Answer 3

Organizational Units affected by new system
Current Systems that will interact with/change bc of new system
People affected by new system
Range of potential system capabilities

Question 4

What are the 6 project feasibility assessments?

Answer 4

Economic
Technical
Operational
Schedule
Legal and Contractual
Political

Question 5

What is involved in the economic feasibility assessment?

Answer 5

Cost-benefit analysis: identification of financial benefits and costs of project

Question 6

What types of benefits/costs are identified in the cost benefit analysis?

Answer 6

• Tangible vs. intangible benefits
• Tangible vs. intangible costs
• One-time vs. recurring costs

Question 7

What are the 3 financial Measurements for Economic Feasibility?

Answer 7

• Net Present Value
• Return on Investment
• Break-Even Analysis

Question 8

What does technical feasibility take into account?

Answer 8

Project Risk Factors

Question 9

What are the Project Risk Factors?

Answer 9

Project size
Project Structure
Development group
User group