MGMT-340
Richard Perez
Chapter 3, Problems/Exercises, Questions 2 and 4
2. What are some sources of risk in a systems analysis and
design project, and how does a project manager cope with risk during the stages
of project management?
A
project manager deals with many risks on a number of projects. In order to cope
with these risks the project manager must identify the risk, but more
importantly the source of those risks. These risks could be from new technology
being implemented or even ensuring that older software is compatible with the
new one. After you identify the risks and their source or sources you must try
to estimate the consequence that could occur. These risks could potentially
delay the project, change the budget, or in some cases cause it to fail or be
cancelled.
4. Suppose that you have been contracted by a jewelry store
to manage a project to create a new inventory tracking system. Describe your
initial approach to the project. What should your first activity be? What
information would you need? To whom might you need to speak?
The
initial approach I would take with creating a new inventory tracking system
would be to identify the size, scope, and complexity of the project and
determine a plan in which I will follow in order to support later steps in the
process. I will need to establish a team for this project, which will consist
of myself and possibly one to two people. My team and I will establish a
relationship with our customer or client to ensure that proper communication is
in place before we even begin the project. The following step would be to
properly identify the scope for the project. Most importantly the project
manager will assist the team in properly translating the key requirements into
a written request. This process does require research and analyzing a lot of
information to determine these key requirements and the final scope.
Following
this step would be to establish effective management procedures that will
ultimately provide a successful outcome. This process usually consists of the
System Priority Board and the IS development group establishing standard
operating procedures to follow. These procedures can be used as a guide to
establish a more elaborate process for a specific process. The final step in
this phase will be establishing the project management environment and project
workbook.
Chapter 4, Problems/Exercises, Questions 1 and 6
1. The economic analysis carried out during project
identification and selection is rather superficial. Why is this? Consequently,
what factors do you think tend to be most important for a potential project to
survive this first phase of the life cycle?
6. Assuming monetary benefits of an information system at
$85,000 per year, one-time costs of $75,000, recurring costs of $35,000 per
year, a discount rate of 12 percent, and a five-year time horizon, calculate
the net present value of these costs and benefits of an information system.
Also calculate the overall return on investment of the project and then present
abreak-even analysis. At what point does breakeven occur?
Thank you for all your information and support, specially for a person like me that's trying to advance in my career.
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