INFO Ch 5 Assignment 6

Serve as a contract

A Project Scope Statement can be used to ________. -None of these -Prepare the project for the analysis phase -Detail project estimates -Outline a schedule -Serve as a contract

tangible benefit

A benefit derived from the creation of an information system that can be measured in dollars and with certainty.

Expanding software licenses

A common legal and contractual development in new application development is ________. -Expanding software licenses -Understanding how stakeholders feel about the system -Determining which IS to develop -The political ramifications of a new system

intangible cost

A cost associated with an information system that cannot be easily measured in terms of dollars or with certainty.

One-time cost

A cost associated with project start-up and development or system start-up.

Recurring Cost

A cost resulting from the ongoing evolution and use of a system.

Project Scope Statement (PSS)

A document prepared for the customer that describes what the project will deliver and outlines generally at a high level all work required to complete the project.

One-time cost

A new hardware purchase is classified as a(n) ________. -IS fee -None of these -Fixed cost -One-time cost -Tangible benefit

Technical Feasibility

A process of assessing the development organization's ability to construct a proposed system.

Economic Feasibility

A process of identifying the financial benefits and costs as sociated with a development project.

Baseline Project Plan (BPP)

This plan is the major outcome and deliverable from the project initiation and planning phase and contains the best estimate of the project's scope, benefits, costs, risks, and resource requirements.

Project scope document

Which document outlines all work required to complete the project? -Business plan -Project scope document -Baseline project plan -Feasibility document

Economic

Which feasibility category deals with identifying financial benefits associated with the project? -Technical -Legal -Political -Economic

Systems analyst

Who is typically responsible for performing the PIP process? -Systems analyst -Managers -The business unit -Users

Present Value

The current value of a future cash flow.

Resource feasibility

The following is NOT an example of a type of feasibility study. -Technical feasibility -Resource feasibility -Economic feasibility -Operational feasibility

Walkthrough

A peer group review of any product created during the systems development process.

Baseline project plan

What is the term that describes the best estimate of a project's scope, benefits, cost, and resources? -Management procedure -Resource plan -Project charter -Baseline project plan

Using standard technology

Which of the following is a less risky approach to the technical parts of a project? -Having a well-equipped IT staff -Using standard technology -User involvement -Using a matrix

Customer goodwill

Which of the following is an example of an intangible cost? -Hardware costs -Employee training -None of these -Labor costs -Customer goodwill

Create a project budget

Which of the following is NOT a part of project initiation? -Establish management procedures -Create a project budget -Develop the project charter -Create the project initiation team

Schedule feasibility

Which type of feasibility deals with project duration? -Schedule feasibility -Contract feasibility -Time feasibility -Political feasibility

System cost

Which of the following is NOT a consideration during the assessing technical feasibility stage? -System complexity -System target hardware -System cost -System size

Who is going to pay for PIP?

Which of the following is NOT a question asked to determine if project initiation and planning has ended and analysis has begun? -Who is going to pay for PIP? -What kind of effort should be expended on PIP? -Who is responsible for performing PIP? -Why is PIP so challenging?

Break-even analysis

Which option identifies the point at which benefits equal costs? -Net present value -Time value of money -Present value -None of these -Break-even analysis

Time value of money

Which term below means that money available today is worth more than the same amount tomorrow? -Variable costs -Discount rate -Time value of money -Cost benefit

Walk-throughs

________ are peer group reviews of products created via the systems development process. -Walk-throughs -Steering committee meetings -Staff meetings -Project approval bodies

Project planning

________ is the process of defining clear activities necessary to complete activities in a single project. -Project initiation -Baseline -Business case -Project planning

break-even analysis

A type of cost-benefit analysis to identify at what point (if ever) benefits equal costs.

Tangible benefit

A(n) ________ comes from an information system that can be measured monetarily. -Project plan -Tangible benefit -Economic feasibility -Project benefit

Decreased flexibility

All of the following are tangible benefits except ________. -Cost reduction -Decreased flexibility -Improvement of management planning -None of these -Increased speed of activity