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72 Cards in this Set
- Front
- Back
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What are the five (5) dimensions to the 'Balanced ScoreCard'? "Financial
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Customer
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What knowledge areas include as inputs the results from the Enterprise Analysis KA? "Requirements Planning & Management
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Requirements Elicitation
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What are the five (5) types of requirements "Business
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User
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What are the six (6) Enterprise Analysis Activities? "Creating & maintaining Business Architecture
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Conducting Feasibility Studies
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What knowledge does a Business Architect have? "1)General business practices
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2)Industry domain
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What skills do a Business Architect have? "1)Business Strategy 2)Busienss process engineering 3)Business Analysis 4)business modeling
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generic industry reference models. 4)Business concepts
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What is the next logic step after building current and future state business architecture? "Launch programs and supporting projects to manage change and meet goals. To do this
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you must determine the best projects to fund which involves identifying options and selecting the best option."
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What is the purpose of a feasibility study? "To understand the likelyhook of each potential solution alternative's probability of satisfying the business need in terms of economic
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operational and technical feasibility."
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what are Feasibility Studies? "Research efforts to understand competitive environment
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enabling organizations to make informed decisions."
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When are Feasibility Studies performed with respect to the project lifecycle? "During the overall analysis process to create the business case but can be done prior
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during
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What are the steps in conducting a feasibility study? "1)determine requirements for study 2) determine objectives
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scope
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What are some of the techniques to assess the feasibility of each solution option? "1)Market Surveys 2)Technology Feasibility Assessment 3)Interviews 4)Prototyping 5)Risk identification
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assessment
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What is the purpose of determining project scope? "To conceptualize and design the recommended solution in enough detail to build a business case
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conduct and initial analysis of the risks and propose a new project to the portfolio management governance group. (At an enterprise analysis level not project level)"
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What are the activities for determining the project scope? "1)Describe business environment to provide context to the new project 2)Describe business requirements to understand the business needs. 3)Defining the scope of work to be performed to deliver the project
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service to prepare time and cost estimates. (At enterprise level)"
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What provides the context in which Enterprise Analysis is conducted?
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The Strategic Planning Process
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What serves to establish the future course of an Enterprise?
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The Strategic Planning Process
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What is likely to be developed during the strategic planning cycle?
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Strategic goals and Objectives
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An effective approach to execute strategy is to convert strategic goals and objectives into what?
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Strategic Themes
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What begins to drive new business opportunities?
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Strategic Themes
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Provide examples of Strategic Themes.
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(1)Reduce costs through online customer ordering.(2) Increase the number of high value customers through acquisitions. (3) increase revenue per customer by increasing th services provided per customer
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What are the five (5) dimensions to the 'Balanced ScoreCard'?
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Financial, Customer, Internal Operations, and Learning & Innovation
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What knowledge areas include as inputs the results from the Enterprise Analysis KA?
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Requirements Planning & Management, Requirements Elicitation, & Requirements Communication
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What are the five (5) types of requirements
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Business, User, Functional, quality of Service, Assumptions & Constraints, Implementation
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What are the six (6) Enterprise Analysis Activities?
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Creating & maintaining Business Architecture, Conducting Feasibility Studies, Determining Project Scope, Preparing the Business Case, Conducting the Initial Risk Assessment, Preparing the Decision Package
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What knowledge does a Business Architect have?
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1)General business practices, 2)Industry domain, 3)IT enabled business solutions, 3)current and emerging business concepts, strategies and practices, 4)How various lines of business within the organization interact, 5)Business concepts for organizing enterprise knowledge, 6)standard architectural principles and semantics, including an understanding of how business issues drive informatin systems requirements. 7)Standard busienss concepts and guidance as to how to use them to create organized information about specific enterprises
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What skills do a Business Architect have?
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1)Business Strategy 2)Busienss process engineering 3)Business Analysis 4)business modeling, generic industry reference models. 4)Business concepts, rules, policies and terminology
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What are the techniques for Business Architecture Modeling?
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1) Component Business Models 2)Business Process Models 3)Class Models 4)Use Case Models 5) Business Scenarios 6)Knowledge Management
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What does the Current and future state of the business architecture provide?
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Understanding of where the orgainzation is today and where it wants to go in the future.
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What is the next logic step after building current and future state business architecture?
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Launch programs and supporting projects to manage change and meet goals. To do this, you must determine the best projects to fund which involves identifying options and selecting the best option.
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What is the purpose of a feasibility study?
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To understand the likelyhook of each potential solution alternative's probability of satisfying the business need in terms of economic, operational and technical feasibility.
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What is the outcome of the feasibility study?
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Recommended solution option to be further defined in a business case
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what are Feasibility Studies?
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Research efforts to understand competitive environment, enabling organizations to make informed decisions.
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When are Feasibility Studies performed or when do they provide information?
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1)When executives are developing strategic goals and themes to drive toward strategy execution. 2)During EA to assist portfolio management team determine the best investment path. 3)During the requirements and design to help conduct trade-off analysis among solution alternatives
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When are Feasibility Studies performed with respect to the project lifecycle?
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During the overall analysis process to create the business case but can be done prior, during, or after the busienss case is developed.
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What needs to be done before the feasibility study is conducted?
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1) Strategic planning & goal setting 2)High level business issues & problem description. 3) Business Architecture Framework
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What are the steps in conducting a feasibility study?
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1)determine requirements for study 2) determine objectives, scope, approach, plan 3)conduct current state assessment 4)Identify potential solutions, 5)determine the feasibility of each option. 6) Document and cojmmunicate the results of the study.
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What does the current state assessment consist of?
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A review of all or a part of the following elements: 1)Strategy 2)Business Area 3) Locations 4) data and Information 5)Infrastructure 6)Processes 7)competitive Arena
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What are some of the techniques to conduct the current state assessment?
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1)Organization Charts 2)Geographical maps 3)Data Flow diagrams 4)Technology Architecture diagrams 5)Process Flow Diagrams 6)Domain Modeling 7)Six Sigma techniques 8)Root Cause Analysis
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What are some of the techniques to plan the feasibility study effort?
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1)Standard Project Management techniques 2)Brainstorming 3) WBS of each solution option
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What are some of the techniques to identify solution options?
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1)Brainstorming 2)Six Sigma 3)Business Process Reengineering 4)cause and Effect diagraming
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What are some of the techniques to assess the feasibility of each solution option?
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1)Market Surveys 2)Technology Feasibility Assessment 3)Interviews 4)Prototyping 5)Risk identification, assessment, ranking, and risk response planning 6) Benchmarking Analysis 7)competitve Analysis 8)Environmental Impact Analysis 9)technology Advancement Analysis 10) early Cost vs. Benefit Analysis 11)COTS package compare/contrast analysis 12)Issue identification 13) Pareto diagram 14)Analytic Hierarchy Process (AHP) 14)Decision Analysis 15)Decision Tables 16)Structured Problem Solving Techniques 17)Data Gatehering and Research Approaches 18) Probability Analysis
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What is the purpose of determining project scope?
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To conceptualize and design the recommended solution in enough detail to build a business case, conduct and initial analysis of the risks and propose a new project to the portfolio management governance group. (At an enterprise analysis level not project level)
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What are the activities for determining the project scope?
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1)Describe business environment to provide context to the new project 2)Describe business requirements to understand the business needs. 3)Defining the scope of work to be performed to deliver the project, service to prepare time and cost estimates. (At enterprise level)
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What are the objectives of project risk management?
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To increase the probalitlity and impact of positive events, and decreatse the probability and impact of events adverse to the project
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What are the PMI project risk management processes?
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1) Risk management Planning 2)Risk Identification 3)Quantitative Risk Analysis 4)Qualitative Risk Analysis 5)Risk Response Planning 6)Risk Monitoring and Control
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Define Risk Management Planning (PMI)?
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Deciding how to approach , plan, and execute the risk management activities for a project.
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Define Risk Identification (PMI)?
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Determining which risks might affect the project and documenting their characteristics.
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Define Qualitative Risk Analysis (PMI)
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Prioritizing risks for for subsequent further analysis or actin by assessing and combining their probability of occurance and impact.
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Define Quantatative Risk Analysis (PMI)
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Numerically analyzing the effect on overall project objectives of identified risks.
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Define Risk Response Planning (PMI)
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Developing options and actions to enhance opportunities, and to reduce threats to project objectives.
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Define Risk Monitoring and Control (PMI)
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Tracking identified risks, monitoring residual risks, identifying new risks, executing risk response plans, and evaluating their effectiveness throughout the project life cycle.
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What increases the probalitlity and impact of positive events, and decreases the probability and impact of events adverse to the project?
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Project Risk Management (PMI)
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What do the following activities makeup? 1) Risk management Planning 2)Risk Identification 3)Quantitative Risk Analysis 4)Qualitative Risk Analysis 5)Risk Response Planning 6)Risk Monitoring and Control
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Project Risk Management Processes (in PMI)
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Deciding how to approach , plan, and execute the risk management activities for a project.
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What is Risk Management Planning (PMI)
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Determining which risks might affect the project and documenting their characteristics.
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What is Risk Identification (PMI)
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Prioritizing risks for subsequent further analysis or action by assessing and combining their probability of occurance and impact.
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What is Qualitative Risk Analysis (PMI)
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Numerically analyzing the effect on overall project objectives of identified risks.
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What is Quantitative Risk Analysis (PMI)
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Developing options and actions to enhance opportunities, and to reduce threats to project objectives.
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What is Risk Response Planning (PMI)
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Tracking identified risks, monitoring residual risks, identifying new risks, executing risk response plans, and evaluating their effectiveness throughout the project life cycle.
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What is Risk Monitoring and Control (PMI)
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Give an example of a risk that is a threat to project success.
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Adopting a fast track schedule that may be overrun, is a risk taken to achieve an ealier completeion date.
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Give an example of a risk that is an opportunity to project success.
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Work acceleration that may be gained by assigning additional staff, may be pursued to benefit the project's objective.
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What is a Risk Breakdown Structure (RBS)?
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Lists the categories and sub-categories within which risks may arise for a typical project. Can be used during a risk identification exercise to remind participants of the many sources from which project risks may arise
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What are some examples of a Risk Breakdown Structure (RBS) category and / or sub -category?
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Technical (requirements, technology, complexities & interfaces, performances and reliability, quality), External (Subcontractors & suppliers, regulatory, maket, customer, weather), Organizational (Project dependencies, resources, funding, prioritization), Project Management (Estimating, Planning, Controlling, COmmunication)
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What are some techniques used in Risk Identification (PMI)?
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1)Documentation Reviews, 2)Information Gathering techniques (Brainstorming, Delphi technique, Interviewing, root cause identification, SWOT analysis 3)Checklist Analysis 4)Assumptions Analysis 5) Diagraming Analysis
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What is the Delphi Technique?
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A qualitative forecasting method in which a panel of experts respond individually to a questionnaire or series of questionnaires, before reaching a consensus. The Delphi technique requires individual submission of, and response to, the questionnaire on the topic under investigation, in order to avoid the effect of a dominant personality influencing a group discussion. A summary of the written replies is then distributed so that responses can be revised in the light of the views expressed. This cycle is repeated until the coordinator of the group is satisfied that the best possible consensus has been reached. by BNET dictionary.com
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What are the strategies to deal with threats or risks that may have a negative impact on the project objective if they occur?
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Avoid, Transfer, or mitigate (PMI)
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Describe Risk Avoidance. (PMI)
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Can involve 1)changing the project management plan to eliminate the threat posed by an adverse risk, 2)To isolate the project objectives from the risk's impact, or 3) To relax the objective that is in jeopard, such as extending the schedule or resucting scope.
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Describe Risk Transference. (PMI)
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Shifting the negative impact of a threat, along with ownership of the response, to a third party.
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Describe Risk Mitigation (PMI)
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A reduction in the probability of an adverse risk event up to an acceptable threshold. For example, adopting less complex processes, conducting more tests, or choosing a more stable supplier. A reduction in the impact may be necessary if reducing the probability of the risk event is not possible. examples include, designing redundancy into a subsystem may reduce the impact from a failure of the original component
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What are the strategies to deal with risks with potentially positive impacts on project objectives?
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Exploit, Share, Enhance (PMI)
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What is a strategy for dealing with both threats and Opportunities?
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Acceptance - is used because project plan will not be changed or team is unable to identify other suitable response strategy. Can be passive or active. Example is to include contingency reserve, including time, money, or resources to handle known or unknown risks.
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Risk Monitoring and Control can involve what activites?
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1) Choosing alternative strategies, 2)Executing a contingency or fallback plan, 3)traking corrective action 4) Modifying the project plan
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