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24 Cards in this Set
- Front
- Back
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Project Mgmt
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organizing and directing other people to achieve a planned result within a predetermined schedule and budget
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Client
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the person or group that funds the project
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Oversight Committee
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clients and key mgrs who review and direct the project
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Users
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the person or group of people who will use the new system
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Agile Software Development
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a philosophy of software development that embraces flexibility and agility
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Weighted Scoring
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a method to prioritize projects based on criteria with unequal weights
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Business Benefits
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the benefits that accrue to the organization; often measured in monetary terms
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System Scope Document
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a document - containing problem description, business benefits, and system capabilities - to help define the scope of a new system
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Proof of Concept Prototype
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a very preliminary prototype built to illustrate that a solution to a business need is feasible
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Context Diagram
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a data flow diagram showing the scope of the system
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Work Breakdown Structure (WBS)
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the hierarchy of phases, activities, and tasks of a project; one method to estimate and schedule the tasks of a project
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Pert/CPM Chart
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a technique for scheduling a project based on individual tasks or activities
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Gantt Chart
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a bar chart that represents the tasks and activities of the project schedule
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Critical Path
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a sequence of tasks that cannot be delayed without causing the project to be completed late
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Slack Time
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the amount of time a task can be delayed without affecting project schedule; also called float
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Float
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the amount of time a task can be delayed without affecting project schedule; also called slack time
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Risk Mgmt
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the project mgmt area in which the team tries to identify potential trouble spots that could jeopardize the success of the project
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Cost/Benefit Analysis
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the analysis to compare costs and benefits to see whether investing in the development of a new system will be beneficial
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Net Present Value (NPV)
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the present value of dollar benefits and costs for an investment such as a new system
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Payback Period
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the time period in which the dollar benefits have offset the dollar costs
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Breakeven Point
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the point in time at which the dollar benefits have offset the dollar costs
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Return on Investment (ROI)
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a measure of the percentage gain from an investment such as a new system
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Tangible Benefits
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benefits that can be measured or estimated in terms of dollars and that accrue to the organization
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Intangible Benefits
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benefits that accrue to the organization but that cannot be measured quantitatively or estimated accurately
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