Week 5

Question 1

Explain BI project Lifestyle

Answer 1

Agile:
Iterative, flexible approach.
Short sprints of work.
Continuous stakeholder feedback.
Adapts to changes quickly.
Minimal necessary documentation.

Linear, sequential stages.
Each phase completed before next starts.
Changes are costly and difficult.
Complete product at end.
Extensive documentation required.

Question 2

Role of Stakeholders in BI Flashcard:

Answer 2

Defining Needs: Outline necessary information for decision-making.
Data Provision: Ensure data availability for BI analysis.
Goal Setting: Establish BI objectives aligned with business strategies.
Feedback Loop: Offer critiques for BI tool and report enhancements.
Resource Management: Allocate budget and personnel for BI projects.
Policy Development: Craft rules for data management and BI system use.
Adoption Advocacy: Encourage organizational use of BI solutions

Question 3

9 Fatal Flaws of BI

Answer 3

• If you build they will come
• Dependency on Excel
• Data quality issues
• Too many options
• Need to use BI specialists
• Once it’s finish, it’s perfect
• Dashboard created without all the facts.
• Inconsistent numbers
• Lack of Strategy