Alpha Company has implemented a plan whereby functional managers will be held totally responsible for all cost overruns against their (the functional managers’) original estimates. Furthermore, all cost overruns must come out of the functional managers’ budgets, whether they be overhead or otherwise, not the project budget. What are the advantages and disadvantages of this approach?

What are the benefits and drawbacks of using a pre-existing model as a jumping off point for a project, as opposed to starting from scratch?

Describe the role of a business analyst in the requirement analysis process and the skills and techniques they employ to ensure project success.

When IT project output meet the user’s information requirement, then what can be achieved? Competent team member Top management support Customer satisfaction User involvement

For the BI software, the IT Manager selected the companion product to the Accounting & HR  Software she recommended. All the integration to the accounting databases, as well as a full set of standard reports, was provided “out of the box”. She had negotiated a one-time license cost for this product at $225,000. The funds would have to be committed in the same year as for Project A but the implementation would start one year after the Accounting & HR  software had been deployed. The IT Manager predicted that improved decision-making enabled by the software would increase profits by $70,000 the year following implementation, increasing by $6,000 per year thereafter. Support and maintenance costs would amount to $21,500 per year, starting the year following implementation. The IT Manager negotiated to fix (cap) the maintenance and support costs over the ten-year expected life of the software.   Perform a Payback Period and  Discounted Cash Flow (NPV)analysis  and Internal rate…

Answer (c) only.

List at least four items you think are appropriate for inclusion in a portfolio. Why should you include these items