28 Questions
What makes a business case incomplete, according to the text?
Inability to provide cost estimates
Which factor is crucial for decision makers to consider when evaluating business cases?
Realistic alternatives
Why might decision makers sometimes feel pressured to accept recommendations?
Unrealistic alternatives presented
What is a common issue with the risks presented in business cases?
Vague or unidentified risks
What is the purpose of presenting realistic alternatives in a business case?
To provide decision makers with genuine choices
What could improved system performance contribute to?
Improved customer satisfaction
How is ROI calculated in the context of the provided example?
(18.8-10)/10 * 100
What is the possible impact on competitive advantages over time with the use of ROI?
Competitive advantages are likely to decrease
What is a risk associated with benefits based on unsafe assumptions?
Ignoring the strategic purpose
In the context of the e-commerce project, what does the maintenance cost represent over the years?
Decreasing costs every year
Why are the estimated benefits of the e-commerce project deemed to be based on unrealistic assumptions?
Competitor behavior is not considered
What is the primary purpose of initial scope verification in a project?
To guard against scope creep
Which document is NOT typically an input for scope verification?
Risk management plan
What is the main challenge in creating a good project scope statement?
Gathering accurate project requirements
What is the critical factor in achieving project scope acceptance?
Delivering key project deliverables
Which statement correctly describes the focus of next week's project discussion?
Project planning and WBS
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
Which of the following is NOT a part of the project initiation process?
Developing detailed project plans
What is the purpose of a preliminary project scope statement?
To outline the project's deliverables and objectives
When is a business case presented to the steering committee?
During the project initiation phase
What is the goal of a business case?
To recommend a particular course of action for an organization
What is the primary purpose of a project charter?
To document project goals and objectives
What is the primary purpose of a business case?
To analyze and quantify expected benefits related to business goals
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
What is a common mistake when presenting a business case?
Including too much data or technical jargon that confuses decision makers
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
How should the benefits of a business case be presented?
Quantitatively, with direct links to business goals
What is an example of an inappropriate use of a business case?
Preparing a business case for staff parties or laptop purchases
This quiz covers topics discussed in Week 3 of IS Project Management course, specifically focusing on Project Initiation. The lecture includes pre-initiating activities, business cases for projects, project initiation process, stakeholder analysis, project charter, kick-off meetings, and project scope statement.
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