Challenges of Managing IS Projects

A project is temporary because it has a fixed duration, and unique because it aims to produce a distinct result that is not a routine operation.

Software Development and Web Development.

Better project management tools and improved communication among stakeholders.

<p>39%.</p> Signup and view all the answers

<p>Challenged projects refer to those that are completed but exceed budget or time constraints.</p> Signup and view all the answers

<p>Effective communication among stakeholders leads to clearer expectations and enhances project success.</p> Signup and view all the answers

<p>A project leader guides the project team and ensures tasks align with project goals and timelines.</p> Signup and view all the answers

<p>A failed IT project is typically one that does not fulfill its objectives or is not completed.</p> Signup and view all the answers

<p>Everything related to the project should be documented.</p> Signup and view all the answers

<p>Goals, scope, schedule, budget, quality objectives, and client satisfaction.</p> Signup and view all the answers

<p>Activity definition identifies what tasks need to be done, while activity sequencing determines the order in which they will be performed.</p> Signup and view all the answers

<p>Because software projects often involve unpredictable complexities and variable effort costs.</p> Signup and view all the answers

<p>To estimate, budget, and control costs throughout the project lifecycle.</p> Signup and view all the answers

<p>Gantt charts visually represent project tasks along a timeline, facilitating schedule planning and tracking.</p> Signup and view all the answers

<p>Parametric modeling uses a mathematical model to compute costs based on project variables.</p> Signup and view all the answers

<p>Definitive estimates assign a specific cost to each work package within a project.</p> Signup and view all the answers

<p>Scope, Schedule, Budget, Resources, Quality, and Risk.</p> Signup and view all the answers

<p>Understandable, Quantifiable, and Objective.</p> Signup and view all the answers

<p>Status reporting describes the present state of the project and compares actual progress to the baseline plan.</p> Signup and view all the answers

<p>Progress reporting shows what has been accomplished, while forecast reporting predicts future project status.</p> Signup and view all the answers

<p>Unclear Requirements and Missed Requirements.</p> Signup and view all the answers

<p>The main phases of project management are initiation, planning, execution, monitoring and controlling, and closing.</p> Signup and view all the answers

<p>A project charter outlines the project's objectives, scope, stakeholders, and responsibilities.</p> Signup and view all the answers

<p>Scope creep refers to the uncontrolled changes or continuous growth in a project's scope.</p> Signup and view all the answers

<p>The project risk-cost progression graph helps project managers understand the relationship between project risks and associated costs over time.</p> Signup and view all the answers

<p>It implies that measuring certain aspects incentivizes team focus and accountability towards those metrics.</p> Signup and view all the answers

<p>Typical elements of a statement of work include the purpose, objectives, scope, stakeholder responsibilities, and communication plans.</p> Signup and view all the answers

<p>Defined roles and responsibilities help avoid confusion, improve accountability, and enhance project efficiency.</p> Signup and view all the answers

<p>The key focus during the project close-out phase is to transfer control of the project deliverables from the project team to the client or sponsor.</p> Signup and view all the answers

<p>A project manager ensures the provision of skilled personnel, technical infrastructure, and adherence to scope, schedule, and budget.</p> Signup and view all the answers

<p>Formal project management is justified for IT projects because it provides structure, ensures effective resource allocation, and enhances the coordination of complex tasks.</p> Signup and view all the answers

<p>A post-mortem analysis is important as it allows the project team to evaluate successes and failures for future improvement.</p> Signup and view all the answers

<p>A project plan should include project scope, cost estimates, timelines, resource requirements, and task assignments.</p> Signup and view all the answers

<p>A generalized IT project management process involves initiating, planning, executing, monitoring, and closing the project.</p> Signup and view all the answers

<p>Key project variables in IT projects include scope, time, cost, and quality.</p> Signup and view all the answers

<p>One tool for estimating key project variables is the Work Breakdown Structure (WBS), which helps in defining tasks and estimating resources and time.</p> Signup and view all the answers

<p>A major risk factor in IT projects is scope creep, which occurs when project requirements continuously change without proper control.</p> Signup and view all the answers

<p>A risk mitigating measure for IT project risks is conducting regular risk assessments to identify potential threats and develop contingency plans.</p> Signup and view all the answers

<p>The Project Management Triple Constraint signifies the balance between scope, time, and cost, indicating that changes in one area affect the others.</p> Signup and view all the answers

<p>Software project management is considered different due to its inherent uncertainty, rapid technology changes, and the challenge of accurately estimating resources.</p> Signup and view all the answers

<p>Expert judgment provides insights and experience that can guide more accurate cost estimations.</p> Signup and view all the answers

<p>Parkinson's Law suggests that work expands to fill the time available, potentially leading to inflated cost estimates.</p> Signup and view all the answers

<p>A low price may be quoted to enter a new market segment, hoping for greater profits in future projects.</p> Signup and view all the answers

<p>The company may increase its price by including a contingency that exceeds its normal profit margin.</p> Signup and view all the answers

<p>Contractual terms may allow developers to retain source code ownership, leading to a potentially lower initial price for the client.</p> Signup and view all the answers

<p>Project managers should ensure all expenses are submitted for approval and that timesheets are consistently reviewed.</p> Signup and view all the answers

<p>Companies in financial difficulty may reduce prices to secure contracts, even if it means lower profits.</p> Signup and view all the answers

<p>If requirements are expected to change, a lower initial price may be offered, with the potential for higher charges later for modifications.</p> Signup and view all the answers