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
