Systems Analysis and Design (Shelly Cashman Series) (MindTap Course List)
11th Edition
ISBN: 9781305494602
Author: Scott Tilley, Harry J. Rosenblatt
Publisher: Cengage Learning
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Chapter TPC, Problem 2DT
In this Toolkit Part, you learned how to use payback analysis, ROI, and NPV to assess IT projects. Could these tools also be used in your personal life? Give an example of how you might use each one to help you make a financial decision.
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How does the Spiral model manage risks in a project?
When it comes to planning and managing even the simplest of projects, the Spiral Model may prove to be invaluable.
repare and print a one-page cost model for the project, similar to the model provided in Figure 7-2. Use the following WBS or the WBS you developed in Chapter 5, and be sure to document your assumptions in preparing the cost model. Assume a labor rate of $20/hour for yourself (the project manager) and team members (Kim, Ashok, and Alfreda).You will pay Bobby, your IT guy, $30/hour. The project will fund refreshments for the four shark tank like events and prizes for the winners, at a cost of $1,000 for each event.
1.1 Project management
1.2 Hardware (3 laptops and internet access for Kim, Ashok, and Alfreda)
1.3 Software
1.3.1 Outsourced
1.3.1.1 Domain name and site hosting
1.3.1.2 Donation acceptance feature of website
1.3.1.3 Video creation for website
1.3.2 In-house Development
1.3.2.1 Guidelines and templates for events
1.3.2.2 Acceptance of ideas for needed new products or services
1.3.2.3 Custom site for 20 events
1.3.3 Testing
1.4 Business Plan
1.4.1 Internal labor
1.4.2 Legal…
Chapter TPC Solutions
Systems Analysis and Design (Shelly Cashman Series) (MindTap Course List)
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Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, computer-science and related others by exploring similar questions and additional content below.Similar questions
- Read the “ResNet Case Study,” which is available from the Companion website for this text under Chapter 3. This real case study about Northwest Airlines’ reservation system illustrates another application of the project management process groups. Write a paper summarizing the main outputs produced during each project process group in this case. Also, include your opinion of whether Peeter Kivestu was an effective project manager. If you prefer, find another well-documented project and summarize it instead.arrow_forwardReview the sample documents provided for JWD Consulting to answer the following questions. What was the success criteria for this project? What was the estimated discounted life cycle ROI? Describe three key product-related deliverables. What were the top three risks? Did the project meet scope, time, and cost goals? When were the shippable products completed using the predictive approach and agile approach?arrow_forwardUsing multiple approaches, managers may be able to more easily compare and comprehend the results of performance analyses.It's possible that using a balanced scorecard would aid managers in identifying and weighing the needs of all their constituents.arrow_forward
- Using multiple approaches, managers may be able to more easily compare and comprehend the results of performance analyses. It's possible that using a balanced scorecard would aid managers in identifying and weighing the needs of all their constituents.arrow_forwardThe Spiral Model may be useful for planning and managing even the smallest of projects.arrow_forwardQ. The table below shows the number of Story Points Planned and Actually Completedfor 10 sprints in the project. Plot the burndown chart (I’m expecting two lines) andexplain the conclusions you can make from it. What does it say about the team’splanning effectiveness and likelihood of completing on time? You may draw the graphin Excel or any other tool and copy/paste it here.arrow_forward
- A case study showing how students met project objectives is vital. Choose from these: Conclusions Introduction? Abstract?arrow_forwardUtilizing a wide range of various approaches may make it much simpler for managers to compare and comprehend the results of performance analyses.The use of a balanced scorecard might be beneficial to managers in helping them understand and evaluate the interests of all of their stakeholders.arrow_forwardResearch should be done on two distinct responses to this situation. In what ways are there similarities and differences between the two things that you found? In the process of developing a strategy, which aspects do you feel to be the most important, and what are some of the reasons you think it is important to include those aspects? How does your plan lend itself to being executed by the majority of companies and what are some of the ways it accomplishes this? In the body of your work, you should provide citations to the sources that you used.arrow_forward
- 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 curvesarrow_forwardGive an explanation of how earned value management (EVM) may be used to keep expenses under control and monitor the overall effectiveness of a project, and then hypothesize as to why it is not utilized more often. How can one determine if the data for cost variation, schedule variance, cost performance index, and schedule performance index are healthy or unhealthy? What are some basic rules of thumb?arrow_forwardEven the simplest projects may benefit from using the Spiral Model for planning and management purposes.arrow_forward
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