ch14projMgnt

ch14projMgnt - Project management Establishing the business...

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Unformatted text preview: Project management Establishing the business value of systems & Managing changes • A.G. Edwards – The oldest and largest full-service retail brokerage • Information intensive • Competitive Industry – IT & telecom cost: $242 millions in 2005 • Lots of IT projects to be managed – Successful IT projects require • Good project management methods & tools • Strong leadership and strong cooperative relationship – Information systems – End user managers Correctly – Assess business value – Manage organizational changes to avoid high failure rate of information systems projects 14.1 The importance of project management 14.2 Selecting projects 14.3 Establishing the business value of info systems r& – Real options pricing models 14.4 Managing project risk 14.1 The importance of project management • Information systems projects – Very high failure rate • Take more time & money • Does not work properly – 29% of all technology investment » On time, on budget, & with all functions originally specified – 30% ~ 40% » “runaway” projects • Consequences of improper managed projects – System failures • Fail to capture essential business requirements – Info is » Not quickly provided » Not useful » Format is impossible to digest » Represent wrong pieces of data • Poor user interface – Non-technical business users » Data entry form is poorly arranged » Outputs display is too difficult to comprehend • Web pages – Cluttered – Poorly arranged – Take too long to access & display • Data – High level of inaccuracy or inconsistency – May not organized properly for business purposes • Project management objectives – Project • Planned series of related activities for achieving specific business objectives – Information systems projects • Development of new systems • Enhance existing systems • Replace or upgrade infrastructure • Project management – Application of • Knowledge, skills, tools, and techniques – To achieve specific targets • Within specific budget and time constraints • Project management activities – Planning the work – Assessing risk – Estimating resources required – Organizing the work – Acquiring resources – Assigning tasks – Controlling execution – Reporting progress • 5 major variables of info systems projects – Scope – Time – Cost – Quality – Risk – Scope • What work is or is not included – Ex: order processing systems » Inputting the orders » Transmitting orders to production, … – Time • Amount of time required to complete the project – Establish a schedule for complete the work – Cost • The cost of resources required – Human – Hardware, software, work space Develop a budget & Monitor ongoing project expense – Quality • How well the end result of a project satisfies the objectives – Improved organizational performance – Accuracy & timeliness of data – Ease of use – Risk • Potential problems that would threaten the success – Increase time & cost – Lowering the quality – Preventing from completion 14.1 The importance of project management14....
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This note was uploaded on 09/24/2009 for the course CSIS 2500 taught by Professor Parvaz during the Spring '08 term at Langara.

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ch14projMgnt - Project management Establishing the business...

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