Business Devry

Problems and Exercises

Chapter 3

2. What are some sources of risk in a systems analysis and design project, and how does a project manager cope with risk during the stages of project management?

Risks can come from new technology, resistance to change, competitive reactions or even team member’s inexperience.

4. Suppose that you have been contracted by a jewelry store to manage a project to create a new inventory tracking system. Describe your initial approach to the project. What should your first activity be? What information would you need? To whom might you need to speak?

Start off with project initiation and assess the size scope and complexity of the project. I would start off by gathering my internal team to help out with the project initiation. Establish my management procedures. Get my project work book in order. Then plan my project see for alternatives and also feasibility. Create tasks to easily accomplish my project. Give a pre schedule talk about how communication will be held in the group while creating a budget and assessing all my risks. Start my project plan and monitor it against my baseline plan from earlier. Keep my workbook up to date and also keep the communication up on my projects status.

Chapter 4

1. The economic analysis carried out during project identification and selection is rather superficial. Why is this? Consequently, what factors do you think tend to be most important for a potential project to survive this first phase of the life cycle?

I believe that current resources available is important for first phase because this can save you a lot of money and also speed up the projects processes if you already have the resources needed readily available. Current business conditions is important because if your already about to go under or your return is nowhere near good then any new project can bring you into the red or even more deeper into the red.

6. Assuming monetary benefits of an information system at $85,000...