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    Downing,C, B. TOWELL, JungYoungLee, Gerry Aase, SarahGriffen, Yoke, McFadden,K, BrianBender, AndrewSetterstrom, Zerull,P, Patel,A, Born,R, Russo, AndrewJ.Setterstrom, YipengLiu, Marchewka,J, GregMA
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OMIS Documents

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OMIS Flashcards

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  • 78 terms

    Term:

    Customer Lifetime Value

    Definition:

    total profit a business gains from their customers over time

    • OMIS 259 Final
    • 78 terms
    • Vocabulary for OMIS 259 Final. Find, create, and access OMIS, data entry, flashcards with Course Hero.
  • 62 terms

    Term:

    to make a decision to attempt to build an application system based on what was left after a previous attempt ended i failure primarily because of a large investment the company made in the failed project most limey was made by a manager who did not fully understand. what kind of cost is involved here:

    Definition:

    sunk cost

    • omis 352:exam 1
    • 62 terms
    • Vocabulary for omis 352:exam 1. Find, create, and access flashcards with Course Hero.
  • 32 terms

    Term:

    Risk (definition)

    Definition:

    uncertain or chance events that planning can not over or control

    • omis 352: chapter 7
    • 32 terms
    • Vocabulary for omis 352: chapter 7. Find, create, and access flashcards with Course Hero.
  • 28 terms

    Term:

    Project Schedule

    Definition:

    can be determined based upon the tasks and time estimates in the wbs (schedule will also depend on how these activities are sequenced)

    • omis 352: chapter 6
    • 28 terms
    • Vocabulary for omis 352: chapter 6. Find, create, and access flashcards with Course Hero.
  • 22 terms

    Term:

    Scope

    Definition:

    * defines the work boundaries of the project [so what needs to be done is done] * determined directly by the project's MOV * defines all the work, activities, and deliverables, that the project team much provide for the project to achieve its MOV

    • OMIS 352: Chapter 5
    • 22 terms
    • Vocabulary for OMIS 352: Chapter 5. Find, create, and access flashcards with Course Hero.
  • 15 terms

    Term:

    Why do projects fail?

    Definition:

    Because of people, processes, technology, organization

    • Omis 352: Chapter 1
    • 15 terms
    • Vocabulary for Omis 352: Chapter 1. Find, create, and access flashcards with Course Hero.
  • 19 terms

    Term:

    What is a Process?

    Definition:

    set of interrelated activities performed to accomplish a pre-specified product.

    • omis 352: chapter 2
    • 19 terms
    • Vocabulary for omis 352: chapter 2. Find, create, and access flashcards with Course Hero.
  • 17 terms

    Term:

    Measurable Organizational value (MOV) and Project Objectives

    Definition:

    - mov is a "measure of success" - Mov must support the organization's vision, mission, and strategy - must: * be measurable * Provide value * be agreed upon * be verifiable

    • omis 352: MOV
    • 17 terms
    • Vocabulary for omis 352: MOV. Find, create, and access flashcards with Course Hero.

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