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15 Cards in this Set
- Front
- Back
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What is a project? What is a project plan? |
Project: a temporary endeavorundertakento accomplish a specificpurpose Projectplan: A formal, approved document that managesand controlsproject execution |
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What is the difference between tangible andintangible benefits |
Tangiblebenefits: Easy to quantify and typically measured to determine the success or failure ofa project Intangiblebenefits – Difficult to quantify or measure |
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Know the four major reasons why IT projects failor fall behind schedule |
1. Poor planning/poor project management 2. Change in business goal during project 3. Lack of support from business management 4. Lack of resources 5. Lack of support from IT management 6. Change in technology during project |
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Whatis a feasibility study and what are the different types of feasibility? (economic,operational, technical, political, schedule, legal) |
Feasibility Studies: evaluationof the project impact Types of feasibility: Political Operational Schedule Technical Economic Legal |
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Knowthe project management interdependent variables (scope, resources/cost, and time) |
Scope: determines the requirements ofthe project Time: identifies how long it will take tocomplete the project Resources: specify what is needed to complete theproject, financial, manpower, and knowledge |
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Know the difference between insourcing and outsourcing |
Insourcing (in-house-development)– usingthe professional expertise within an organization to develop and maintain theorganization's information technology systems Outsourcing – anorganization provides a service or services for another organization thatchooses not to perform them in-house |
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Knowthe three different forms of outsourcing (onshore, near-shore and offshore outsourcing) |
Onshoreoutsourcing –engaginganother company within the same country for services. Ex.PA Nearshoreoutsourcing –contracting an outsourcing arrangement with a company in a nearby country.Ex. Canada Offshoreoutsourcing –usingorganizations from developing countries to write code and develop systems. Ex. Asia |
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Knowthe three main reasons why companies outsource |
- core competencies - financial savings - rapid growth |
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Knowthe major challenges of outsourcing (length of contract, loss of confidentiality, threat tocompetitive advantage) |
- Length of contract - Threat to competitiveadvantage - Loss of confidentiality |
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Economicfeasibility |
cost effectiveness, benefits outweigh thecost |
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Operationalfeasibility |
solution solve problems identified |
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Schedulefeasibility |
can it be done on time |
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Technicalfeasibility |
availability of technical resources and expertise |
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Politicalfeasibility |
how the organization will accept the solution |
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Legalfeasibility |
meet existing legal and contractualorganization |
