MANAGING PROJECTS A. What are the objectives of project management and why is it
ID: 3909444 • Letter: M
Question
MANAGING PROJECTS A. What are the objectives of project management and why is it so essential in developing information systems? B. What methods can be used for selecting and evaluating information systems projects and aligning them with the firm’s business goals? C. How can firms assess the business value of information systems projects? D. What are the principal risk factors in information systems projects? E. What strategies are useful for managing project risk and system implementation? MANAGING PROJECTS A. What are the objectives of project management and why is it so essential in developing information systems? B. What methods can be used for selecting and evaluating information systems projects and aligning them with the firm’s business goals? C. How can firms assess the business value of information systems projects? D. What are the principal risk factors in information systems projects? E. What strategies are useful for managing project risk and system implementation? MANAGING PROJECTS A. What are the objectives of project management and why is it so essential in developing information systems? B. What methods can be used for selecting and evaluating information systems projects and aligning them with the firm’s business goals? C. How can firms assess the business value of information systems projects? D. What are the principal risk factors in information systems projects? E. What strategies are useful for managing project risk and system implementation?Explanation / Answer
Question is too big to be completed in 2 hours.
A. Objectives are:
1. Describe information system problems resulting from poor project management. - Poor project management can result in the information system project taking a longer time to be completed, resulting in cost overruns and delaying future projects. The quality of the information system is also affected.
2. Define project management. List and describe the project management activities and variables addressed by project management.Project management refers to the application of knowledge, skills, tools, and techniques to achieve specific targets within specified budget and time constraints.Project management activities include planning work, assessing risk, estimating required resources, organizing work, assigning tasks, controlling project execution, reporting progress, and analyzing the results. The five major variables in project management are:
Scope – size of the project
Time – how long the project is expected to take
Cost – cost of software, hardware and work space
Quality – how well the end result of a project satisfies the objective of the organization
Risk – potential problems that would threaten the success of the project.
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