Chapter 4

weighted scoring model

A weighted scoring model is a tool that provides a systematic process for selecting projects based on many criteria.

impetus of a project

problems, opportunities, directives

Project Execution Tools

Expert judgment: Meetings Project management information systems

3 goals of Integrated change control

Influencing the factors that create changes to ensure that changes are beneficial Determining that a change has occurred: Managing actual changes as they occur

Project integration management

Project integration management involves coordinating all of the other project management knowledge areas throughout a project's life cycle.

Strategic planning

Strategic planning involves determining long-term objectives by analyzing the strengths and weaknesses of an organization, studying opportunities and threats in the business environment, predicting future trends, and projecting the need for new products and services

SWOT analysis

analyzing Strengths, Weaknesses, Opportunities, and Threats

categorize IT projects by

impetus, time window, general priority

major sections of a project management plan

introduction, project organization management and technical approaches work schedule budget

interface management

involves identifying and managing the points of interaction between various elements of a project. The primary tools for interface management are communication and relationships.

3 criteria for selecting projects based on broad organizational needs

need, funding and will

Planning process for selecting IT projects

strategic planning-> business area analysis->project planning->resource assignment

Parts of a project charter

title and date manager's name and contact schedule, budget objectives success criteria approach for managing the project roles and responsibilities matrix sign-off section comment

balanced scorecard

A balanced scorecard is a strategic planning and management system that helps organizations align business activities to strategy, improve communications, and monitor performance against strategic goals.

baseline for project management plan

A baseline is the approved project management plan plus approved changes.

change control board

A change control board (CCB) is a formal group of people responsible for approving or rejecting changes to a project

change control system

A change control system is a formal, documented process that describes when and how official project documents may be changed.

Change requests

A formal proposal to modify any document, deliverable, or baseline.

project charter

A project charter is a document that formally recognizes the existence of a project and provides direction on the project's objectives and management. It authorizes the project manager to use organizational resources to complete the project.

project management plan

A project management plan is a document used to coordinate all project planning documents and help guide a project's execution and control

Configuration management

Configuration management ensures that the descriptions of the project's products are correct and complete.

outputs of closing projects

Final product, service, or result transition Organizational process asset updates

Five common techniques for selecting IT projects

Focusing on broad organizational needs Categorizing IT projects Performing net present value or other financial analyses Using a weighted scoring model Implementing a balanced scorecard

Integrated change control

Integrated change control involves identifying, evaluating, and managing changes throughout the project life cycle

4 methods of comparing IT projects financially

ROI: (total discounted benefts - total discounted costs)/discounted costs IRR NPV, payback period