Super Extra 3 Flashcards
??? define why project is being conducted, and every project must satisfy a business need or it should not be pursued. Projects address pressing organizational needs or market stimuli that drive decision makers to sponsor projects and prioritize competing projects.
Business Requirements :
??? refer to what the project will accomplish. These requirements detail desired functionality, capacity, or capability expected from project.
Functional Requirements :
??? detail how project will meet business and functional requirements, including technical needs that are crucial for a project.
Technical Requirements :
??? standards and measurements an org. uses to select/prioritize projects. Any project selected should be clearly linked to 1 or more strategic goals. Other selection criteria may be qualitative (dealing w/projects suitability w/org.’s capabilities) or quantitative (criteria that may specify financial targets that project must meet).
Project Selection Criteria :
??? systematic approaches that decision makers use to analyze the value of proposed project. Evaluations may be formal/detailed or informal guesstimates depending on org. and its needs. Project selection methods should take into account org.’s strategic objectives and historical info about past successes and failures.
Project Selection Methods :
??? project is evaluated one criterion at a time, project continues to be considered even if it fails to meet some criteria. Same score is assigned to each criterion in profile. At end of consideration, project is scored on number of criteria met. Score then compared to other projects also under consideration.
Criteria Profiling :
??? allows experts to be located remotely and remain anonymous but still be in group decision making. Participants are given criteria, asked to rate on 0-10 scale and provide reasons for their ratings. Resulting statistics are fed back to participants along w/summary of groups reasoning. Participants can then revise their ratings based on group findings. Process repeats until some predetermined stop criterion (no. rounds, achievement of consensus, etc) is reached.
Delphi Technique :
??? document that justifies the investments made for a project and describes how a particular investment is in accordance w/org.’s policy.
Business Case :
??? presents a project estimated costs alongside its predicted benefits to help decision makers make informed decisions about project selection. May be formal or informal. Analysis contains quantitative info but its merely forecast expectations rather than hard data. Document any assumptions used to derive cost and benefit forecasts. Costs include current operating costs and expected project costs related to function under analysis. Benefits include quantifiable benefits, like increased sales or reduced costs expected as result from project, and intangible benefits like enhanced image or brand awareness.
Cost-Benefit Analysis :
Cultural Feasibility : measures the extent an org.’s shared values support the project goals.
Technical Feasibility : study to analyze technical considerations of a proposed project. Technical feasibility of project cant be determined until impact to existing systems is fully quantified.
info
??? Business Need -> substantiates business reason for conducting the project. Project Contribution -> determines projects contribution toward the org,’s objectives. Stakeholders -> lists the stakeholders, their expectations, and contributions toward the project. Constraints -> compiles limitations of project. Strategic Risks -> lists risk that project may face and possible risk management measures. Benefits Evaluation -> analyzes and outlines the key benefits to be obtained.
Business Case Components :
??? Project purpose -> clear description of reason for undertaking the project. Problem Statement -> description of problem or opportunity that the project must address. Project Authorization : list of individuals who are authorized to control and manage the project w/the respective authority statement. Scope Definition -> description of scope of work that project must include and what project will or will not include.
Project Charter Components #1 :
??? Project Description : high-level list of what need to be accomplished in order to achieve project objectives. Should also specify when specified objectives must be met. Project Deliverables. Project milestones and cost estimates. General Project Approach -> short description of project approach, which includes project deliverables, process stages, quality objectives, and project org.
Project Charter Components #1 :
??? Constraints and Assumptions -> description of constraints and assumptions that are made when initiating project, and their impact on scope, time, cost, and quality. Risks -> list of high-level risks involved in undertaking project. Project Stakeholders -> like of key project stakeholders. Related Documents -> list of references to documents used to make assumptions. Project Organizational structure. Issuing Authority -> name of sponsor and signature or formal acknowledgement of charter components.
Project Charter Components #3 :
??? document describes the products or services that project will supply, defines business need that its designed to meet, and specifies the work that will done during the project. ??? can be internal/external. Internal ??? is supplied by project sponsor in response to organizational need. External ??? supplied to potential client during procurement process and could be included for RFP or part of contract.
SOW :
