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26 Cards in this Set

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