98%(87)85 out of 87 people found this document helpful
This preview shows page 5 - 8 out of 12 pages.
b)Assume FIDELITY needs to initiate a new IT project in order to build/develop one of the application software/systems you mentioned above. Select the most complexinformation system you mentioned above. Assume some IT outsourcing will be needed to complete the project and make your assumption about the outsource approach explicit (i.e., the contract pricing modeland duration). Risks: Is Fidelity prepared for a new system of functioning? Given the above outsourcing approach, complete a table describing the likely project management challengesand describe ways to address them. Rev’d for MISM 2301 by md Spring 2018Page 5
Fidelity Investments: at heart, a technology company (continued)Project ManagementChallengesWays to Address ThemManaging Hidden Costs of Outsourcing-Outline and budget estimated costs and monitor actual costs throughout the project. -Analyze TCO considerationsTrying to maintain high quality while not losing managerial control -Carry out quality planning, assurance and control continuously to ensure the outsourcing company is not violating the terms of the contractSchedule management -Track work breakdown and identify the critical path tasks relating to the project-They should also create clear milestones of key deliverables Risk Management -Perform a risk analysis of the project (probability, consequence and visibility) and develop response and recovery practices-Use IT systems to make the risks and problems more visible Rev’d for MISM 2301 by md Spring 2018Page 6