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14 Cards in this Set
- Front
- Back
CH2: Project initiation begins when someone (or some group) in the organization (called the project sponsor) indentifies some business value that can be gained from using information technology.
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True |
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__________________ value is important, but includes hard to measure benefits to the organization (such as improved customer service, better competitive position).
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Intangible |
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A system request describes the business reasons for building a system and the value that system is expected to provide. Which statement is FALSE about a system request?
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the system request will be the final document in the approval process for coding to begin.
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Feasibility analysis may be defined as a(n)_____.
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guide to determining whether to proceed with a project.
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Match the term with the correct phrase.
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Technical Feasibility - Can we Build Economic Feasibility - Should we build it Organizational Feasibility - If we build it Time Value of Money - A dollar today is not worth a dollar tomorrow |
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Which of the following factors would tend to increase the technical risk of a project?
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large project size |
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Break-even point is determined by looking at the cash flow over time and identifying the year (or moment) in which the benefits are larger than the costs.
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True |
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ROI is an acronym that stands for
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Return on Investment |
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The project champion is a(n)_____.
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high-level non-IS executive who is usually but not always the project sponsor who initiated the system request.
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A limitation of a formal cost-benefits analysis is that it contains the costs and benefits for just one year.
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False |
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How well a system is accepted by the users and incorporated into the ongoing operations of the business is defined in the technical feasibility.
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False |
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Project size is an important consideration in technical feasibility. Larger projects create more risk, both because they are more complicated to manage and because there is a greater chance that some important system requirements will be overlooked or misunderstood.
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True |
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Economic feasibility focuses on whether the system can be built by examining the risks associated with the users’ and analysts’ familiarity with the application, familiarity with the technology, and project size.
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False |
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The following characteristics describe a "jelled team"
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all of the above |