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22 Cards in this Set
- Front
- Back
- 3rd side (hint)
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Project Initiation
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The process of authorizing a new project or continuing an existing project.
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Just like it sounds
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Corporate Strategic Planning
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An ongoing process that defines the mission, objectives, and strategies of an organization.
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Like the energizer bunny
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Mission Statement
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A statement that defines what business the company is in.
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what do we do?
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Objective Statements
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A series of statements that express an organization's qualitative and quantitative goals for reaching a desired future position.
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what kind and how much?
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Competitive Strategy
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The method by which an organization attempts to achieve its mission and objectives.
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mission and objectives
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Information Systems Planning
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An orderly means of assessing the information needs of an organization and defining the systems, databases, and technologies that will best satisfy those needs.
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Everything before implementation
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System Service Request
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A form used in most organizations to request new development, to report problems, or to request new features within an existing system.
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Beauracracy
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Top-down Planning
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A generic information systems planing methodology that attempts to gain a broad understanding of the information system needs of the entire organization.
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Planning for the whole company's IT needs
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Bottom-up Planning
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A generic information systems planning methodology that identifies and defines information systems development projects based upon solving operational business problems or taking advantage of business opportunities
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Planning for each of the company's business needs
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Business Case
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The justification that presents the economic, technical, operational, schedule, legal and contractual, and political factors influencing a proposed information systems project.
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The reason the business wants the system
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Economic Feasibility
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A comparison of the financial benefits and costs associated with a development project.
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Costs versus benefits
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Tangible Benefit
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A benefit that can be measured in dollars and with certainty.
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You can touch (or count) the benefits
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Intangible Benefit
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A benefit that cannot be easily measured in dollars or with certainty.
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You can't touch (or count) the benefits
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Tangible Cost
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A cost that can be measured in dollars and with certainty.
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You can touch (or count) the costs
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Intangible Cost
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A cost that cannot be easily measured in dollars or with certainty
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You can't touch (or count) the costs
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One-time Cost
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A cost associated with project start-up and development or system start-up.
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Just like it sounds
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Recurring Cost
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A cost resulting from the ongoing evolution and use of a system.
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Just like it sounds
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Cost-benefit Analysis
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The use of a variety of analysis techniques for determining the financial feasibility of a project.
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Comparing benefits to costs to see if a project is worthwhile
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Discount Rate
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The rate of return used to compute the present value of future cash flows.
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the interest rate applied in reverse
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Present Value
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The current value of a future cash flow
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how much its worth now
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Break-even Analysis
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A type of cost-benefit analysis used to identify when benefits will equal costs.
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When will we get out of this hole?
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Technical Feasibility
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An assessment of the development organization's ability to construct a proposed system.
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Can we do this?
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