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26 Cards in this Set
- Front
- Back
The point in time where the dollar benefits have offset the dollar costs
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Breakeven point
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The benefits that accrue to the organization; often measured in monetary terms
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Business benefits
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The person or group who funds the project
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Client
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A data flow diagram (DFD) showing the scope of a system
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Context Diagram
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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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Cost/Benefit Analysis
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A sequence of tasks that cannot be delayed without causing the project to be completed late
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Critical Path
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A bar chart that represents the tasks and activities of the project schedule
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Gantt Chart
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Benefits that accrue to the organization but which cannot be measured quantitatively or estimated accurately
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Intangible Benefits
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The present value of dollar benefits and costs for an investment such as a new system
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Net Present Value (NPV)
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Clients and key managers who review and direct the project
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Oversight Committee
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The time period where the dollar benefits have offset the dollar costs
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Payback period
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A technique for scheduling a project based on individual tasks or activities. Project Evaluation & Review Technique/Critical Path Method
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PERT/CMP Chart
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organizing and directing Other people to achieve a planned result within a predetermined schedule and budget
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Project management
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A very preliminary prototype built to illustrate that a solution to a business need is feasible
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Proof of Concept Prototype
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A measure of the percentage gain from an investment such as a new system
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Return on Investment (ROI)
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The addition of new functions to the scope of a system that cause the project to increase in size
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Scope Creep
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A document – containing description, business benefits, and system capabilities - to help define the scope of the new system
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System Scope Document
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A type of Gantt chart that indicates the current date and percentage of work completed for each task
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Tracking Gantt Chart
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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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Tangible Benefits
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The person or group of persons who will use the new system
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User
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A method to prioritize projects based on criteria with unequal weights
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Weighted Scoring
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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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Work Breakdown Structure (WBS)
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Name three general reasons systems projects are initiated?
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To respond to an opportunity; to resolve a problem; to conform to a directive
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There are five activities in the project planning phase. Name them.
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Define the problem;
Produce the project schedule; Confirm project feasibility; Staff the project; Launch the project |
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Clarify the terms "task", "activity", and "phase"
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A Phase is made up of a group of related activities;
An activity is made up of a group of tasks; A task is the smallest piece of work that is identified and scheduled |
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What are (generally) the five areas of risk for a new system when confirming project feasibility?
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Economic feasibility;
Organizational and cultural feasibility; Technological feasibility; Schedule feasibility; Resource feasibility. |