MIS Final Chapter 19
Communication Plan
How, what, when and who regarding the flow of project information.
Status Report
Periodic reviews of actual performance versus expected performance.
Executive Sponsor
Person or group who provides the financial resources for the project.
Project Objectives
Quantifiable criteria that must be met for the project to be considered a success
Project Milestone
Represents key dates when certain activities must be performed.
Project Constraint
Specific Factors that can limit options, including budget, delivery dates, available skilled resources, and organizational policies
Project Requirements Document
Specifications for the product/output of the project and is key for managing expectations.
Feasibility
The measure of the tangible and intangible benefits of an information system
In-Sourcing
Uses the professional expertise within an organization to develop and maintain its information technology systems
Offshore Outsourcing
Using organizations from developing countries. Geographically far away
Tangible benefits
easy to quantify and typically measured to determine the success or failure of a project
Project Deliverable
Any measurable, tangible result or outcome that is produced as part of a project.
Outsourcing
Arrangement by which on organization provides a service or services for another organization
Nearshore Outsourcing
Contracting an outsourcing arrangement with a company in a nearby country.
Examples of Tangible Benefits
Decreased Expenses. Decreased processing errors. Decreased response time. Increased quantity or sales. Increased quality.
Responsibility Matrix
Defines all project roles and indicates what responsibilities are associated with each role
Intangible benefits
Difficult to quantify or measure
Onshore Outsourcing
Engaging another company within the same country for services.
Project Assumption
Factors considered to be true, real or certain without demonstration.
PERT (Program Evaluation and Review Technique)
A graphical network model that depicts a project's tasks and the relationships between them.
Rapid Growth
A reason to outsource. Firms can acquire resources more quickly
Financial Savings
A reason to outsource. It is far cheaper to hire people in china and india than pay an american.
Internet and Globalization
A reason to outsource. More people are comfortable with outsourcing as India and China are now virtual neighbors
Core Competancies
A reason to outsource. Technology is advancing at such an accelerated rate that companies often lack the technical resources required.
Gnatt Chart
A simple bar chart that lists project tasks vertically against the project schedule
Kill Switch
A trigger that enables a project manager to close the project before completion.
Examples Of Intangibles Benefits
Improved decisions. Improved community service. Improved goodwill. Improved morale.
Project Stakeholder
Individual and organizations actively involved in the project
Project Management Office
Internal department that oversees all organizational projects.
Dependency
Is a logical relationship between the project tasks.
Outsourcing Challenges
Length of Contract. Threat to competitive advantage. Loss of Confidentiality.
Project Scope Statement
Links the project to the organization's overall business goals.