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IDSC 4204w Strategic Management of Information Technology Class 9: Invest - Real Options and Options Thinking
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Case 4: San Francisco Int'l Airport and Quantum Secure's SAFE System Activity: EA project identification Invest: Real Options and Options Thinking Beyond Valuation: Options Thinking in IT Projects Real Options Activity Assessing Project Risk - Risk Matrix Case 5 A&D High Tech Invest: Bottom Up Estimates WBS overview Project Estimation With Use Case Points Last Session Current Session Next Session
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Timeline Intro Wrap UP 5 Min 30 Min 5 Min In Class Activity Options 30 Min Real Options Case 5 Intro and Bottom Up Estimates 30 Min Case 5 A & D High Tech Due Monday Mini Case to Submit by End of Class
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Bottom Up Estimating
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Bottom up Estimating: We know the work, add it up! 5 Work package level estimates Use case level estimates
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6 To create a bottom up project estimate 1. Build Work Breakdown Structure 2. Identify Task Relationships 3. Estimate Work Packages 4. Assign Costed Resources 5. Obtain project cost “A deliverable-oriented hierarchical decomposition of the work to be executed by the project team to accomplish the project objectives and create the required deliverables” If you can’t define the deliverables, you don’t have a project But what is a deliverable? Ambriz, Chapter 3
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Project name End Deliverables Work Packages Why is there a distinction between deliverables and work packages? What is the distinction between deliverables & work packages? The WBS translates deliverables into work
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The work breakdown structure begins with deliverables Decompose the deliverables (product & project) into sub-deliverables which can be specified, managed , tested and verified and right-sized work- packages which can be estimated 8 Your proposal
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Best Practices: Deliverable structure Primary project deliverable tops hierarchy Include Project Management Structure hierarchically, based on deliverables and sub- deliverables (nouns) Each deliverable level can be specified, managed, tested, and verified Each deliverable level is fully described by its next lowest level 9
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Best Practices: Deliverable structure Project name Project Management Hierarchical structure Each deliverable level is fully described by its next lowest level 10
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Best Practices: work packages Verb (activity) + Noun (product) Breakdown as long as “it
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