IS Project Management Week 3: Project Initiation (BSCS 2340)

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What makes a business case incomplete, according to the text?

Inability to provide cost estimates (correct)

Lack of risks involved

Detailed component explanations

Presence of realistic alternatives

Which factor is crucial for decision makers to consider when evaluating business cases?

Realistic alternatives (correct)

Detailed component explanations

Vaguely specified risks

Unavailable cost estimates

Why might decision makers sometimes feel pressured to accept recommendations?

Accurate cost estimates

Unrealistic alternatives presented (correct)

Clear identification of risks

Lack of redundancy in the workforce

What is a common issue with the risks presented in business cases?

Vague or unidentified risks Signup and view all the answers

What is the purpose of presenting realistic alternatives in a business case?

To provide decision makers with genuine choices Signup and view all the answers

What could improved system performance contribute to?

Improved customer satisfaction Signup and view all the answers

How is ROI calculated in the context of the provided example?

(18.8-10)/10 * 100 Signup and view all the answers

What is the possible impact on competitive advantages over time with the use of ROI?

Competitive advantages are likely to decrease Signup and view all the answers

What is a risk associated with benefits based on unsafe assumptions?

Ignoring the strategic purpose Signup and view all the answers

In the context of the e-commerce project, what does the maintenance cost represent over the years?

Decreasing costs every year Signup and view all the answers

Why are the estimated benefits of the e-commerce project deemed to be based on unrealistic assumptions?

Competitor behavior is not considered Signup and view all the answers

What is the primary purpose of initial scope verification in a project?

To guard against scope creep Signup and view all the answers

Which document is NOT typically an input for scope verification?

Risk management plan Signup and view all the answers

What is the main challenge in creating a good project scope statement?

Gathering accurate project requirements Signup and view all the answers

What is the critical factor in achieving project scope acceptance?

Delivering key project deliverables Signup and view all the answers

Which statement correctly describes the focus of next week's project discussion?

Project planning and WBS Signup and view all the answers

What is the primary role of the steering committee members in the project evaluation and selection process?

To evaluate business cases and make decisions on project approval Signup and view all the answers

Which of the following is NOT a part of the project initiation process?

Developing detailed project plans Signup and view all the answers

What is the purpose of a preliminary project scope statement?

To outline the project's deliverables and objectives Signup and view all the answers

When is a business case presented to the steering committee?

During the project initiation phase Signup and view all the answers

What is the goal of a business case?

To recommend a particular course of action for an organization Signup and view all the answers

What is the primary purpose of a project charter?

To document project goals and objectives Signup and view all the answers

What is the primary purpose of a business case?

To analyze and quantify expected benefits related to business goals Signup and view all the answers

Who are the decision makers in an organization?

People with the authority to approve or reject a recommendation and effect changes in policies and structure Signup and view all the answers

What is a common mistake when presenting a business case?

Including too much data or technical jargon that confuses decision makers Signup and view all the answers

What is the role of a business case in relation to a project?

It is the decision maker's guide to understanding the benefits and implications of a project Signup and view all the answers

How should the benefits of a business case be presented?

Quantitatively, with direct links to business goals Signup and view all the answers

What is an example of an inappropriate use of a business case?

Preparing a business case for staff parties or laptop purchases Signup and view all the answers