EBK ESSENTIALS OF SYSTEMS ANALYSIS AND
6th Edition
ISBN: 9780133546392
Author: George
Publisher: VST
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Chapter 4, Problem 30DQ
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Cost-benefit analysis technique:
- The cost-benefit analysis technique, which is best for assessing the economic feasibility of a project, is Return on Investment (ROI).
- The ROI technique is used to measure the effectiveness of one investment or several investments.
- The value of ROI can be measured as the ratio of overall benefits by overall costs...
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Imagine that you are interviewing for a jobwhen the interviewer asks you which costbenefit analysis technique is best for assessing a project’s economic feasibility. Whatwould your response be?
A project estimator is working on estimates for a project that is very similar to a previous project, in that it has many of the same features and those features have similar costs. Each feature or deliverable will represent the same percentage of the total cost as it did for the previous project. He is using the _________ method of top-down estimating.
a. ratio
b. consensus
c. apportion
d. function point
e. learning curves
List and discuss the different types of project feasibility factors. Is any factor most important? Why or why not?
Chapter 4 Solutions
EBK ESSENTIALS OF SYSTEMS ANALYSIS AND
Ch. 4 - Prob. 1MCh. 4 - Prob. 2MCh. 4 - Prob. 3MCh. 4 - Prob. 4MCh. 4 - Prob. 5MCh. 4 - Prob. 6MCh. 4 - Prob. 7MCh. 4 - Prob. 8MCh. 4 - Prob. 9MCh. 4 - Prob. 10M
Ch. 4 - Prob. 11MCh. 4 - Prob. 12MCh. 4 - Prob. 13MCh. 4 - Prob. 14MCh. 4 - Prob. 15MCh. 4 - Prob. 16MCh. 4 - Prob. 17MCh. 4 - Prob. 18MCh. 4 - Prob. 19MCh. 4 - Prob. 20MCh. 4 - Prob. 21MCh. 4 - Prob. 22MCh. 4 - Prob. 1RQCh. 4 - Describe several project evaluation criteria.Ch. 4 - Prob. 3RQCh. 4 - Prob. 4RQCh. 4 - Prob. 5RQCh. 4 - Prob. 6RQCh. 4 - What are the potential consequences of not...Ch. 4 - Prob. 8RQCh. 4 - Prob. 9RQCh. 4 - Prob. 10RQCh. 4 - Prob. 11RQCh. 4 - Prob. 12PECh. 4 - Prob. 13PECh. 4 - Prob. 14PECh. 4 - Prob. 15PECh. 4 - Prob. 16PECh. 4 - Prob. 17PECh. 4 - Prob. 18PECh. 4 - Prob. 19PECh. 4 - Prob. 20PECh. 4 - Prob. 21PECh. 4 - Assume monetary benefits of an information system...Ch. 4 - Prob. 23PECh. 4 - Prob. 24PECh. 4 - Prob. 25PECh. 4 - Prob. 26PECh. 4 - Prob. 27PECh. 4 - Prob. 28PECh. 4 - Prob. 29DQCh. 4 - Prob. 30DQCh. 4 - Prob. 31DQCh. 4 - Prob. 32DQCh. 4 - Prob. 33CPCh. 4 - Prob. 34CPCh. 4 - Prob. 35CPCh. 4 - Prob. 36CQCh. 4 - Prob. 37CQCh. 4 - Identify a preliminary set of tangible and...Ch. 4 - Prob. 39CQCh. 4 - If you were assigned to help Jim with this...Ch. 4 - Prob. 41CQCh. 4 - Prob. 42CQCh. 4 - In Question 4, you analyzed the risks associated...
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Similar questions
- The board of directors of a company decides that senior management has to be rewarded in order to achieve the company's objectives. The board of directors selects whether or not to award bonuses based on growth in share value at the end of each fiscal year. Bonuses will be given in shares, which the managers can keep or sell on the open market. What are the ramifications of implementing a bonus system like this?arrow_forwardWhen calculating the NPV of a project, the time value of money is an important consideration. Is the time worth of money just as essential in low-inflation periods as it is in high-inflation periods? Explain your response.arrow_forwardConsider that you are developing a project where people would choose to test themselves to go without using a computer for a fixed period of time. Describe how you would set up the project and why. What period of time would you set up? Why? Who would you recruit to participate? Why? What would you define as a computer or off limits? Why? Which of the following would be acceptable?Smartphones Having someone else use the computer for you? reading printouts? Using GPS?arrow_forward
- True or falsearrow_forwardConsider the benefits and drawbacks listed in this article when determining if the waterfall approach is right for your project.arrow_forwardThe time value of money is a key factor to take into account when determining a project's net present value (NPV). Is the time value of money just as important during times of low inflation as it is during times of high inflation? Describe your reaction.arrow_forward
- Consider that you are developing a project where people would choose to test themselves to go without using a computer for a fixed period of time. Describe how you would set up the project and why. Would you be willing to do go "computerless"?How long do you think you could commit to?What would be particularly challenging for you to avoid?What modifications would you have to make for school?What modifications would you have to make for socializing?How would this affect others?What things could you get done?arrow_forwardIf you are a developer of software, how can you determine an accurate cost estimate for the project you are working on?arrow_forwardFacts: A project proposal is a written document outlining everything stakeholders should know about a project, including the timeline, budget, objectives, and goals. Your project proposal should summarize your project details and sell your idea so stakeholders buy into the initiative. Question: In your own opinion. What is the biggest factor you need to considerfor in proposing a project? Explain why.arrow_forward
- It is vital to prepare and discuss a detailed set of criteria for determining if a project will be viable. Is there anything that has to be prioritised above everything else in this scenario? Is there a justification for this action?arrow_forwardGiven the following information for a one year project, address the following queries: Planned Value PV = $2300 Earned Value EV = $2000 Actual cost AC = $2500 Budget at completion BAC = $12000 Formulas are given below. Hint: Chapter 7, Page 312 to 316 of your ref book (IT Project Management by kathy) What is the cost variance, schedule variance, cost performance index CPI and schedule performance index SPI for the project. How is the project doing? Is it ahead of schedule or behind the schedule? Is it under budget or over budget? Use the CPI to calculate the estimate at completion EAC for the project. Is the project performance better or worse than planned? Use the SPI to identify how long it will take to finish. Draw the earned value chart for this project. Sample is given below.arrow_forwardUse Critical Path Method to estimate in how many weeks the project below will be submitted and find the critical path. (Choose 2 answers weeks and critical path) Activity A: Prepare initial design B: Identify new potential clients C: Develop prospectus for tenants A D: Prepare final design E: Obtain planning permission F: Obtain finance from bank G: Select contractor H: Construction I: Finalize tenant contracts dependent time 8 D 3 D 4 6, F В, С, Е I, H 17 13 J: Tenants move in Critical path : A-D-E-F-H-J O Critical path: A-C-E-F H-J 35 weeks 29 Weeks Critical path : A-G-E-F-H-J 34 Weeksarrow_forward
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