Project Governance and Business Analysis

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Questions and Answers

What is a key characteristic of the Waterfall Model?

It emphasizes collaboration between cross-functional teams.

Each phase is completed sequentially. (correct)

It allows for iterative development.

It is flexible for changes in requirements.

Which methodology is best suited for projects with evolving requirements?

DevOps

Rapid Application Development (RAD)

Waterfall Model

Agile Methodologies (correct)

What mechanism is primarily used to prevent unauthorized access to sensitive information?

Access Controls (correct)

Process Controls

Input and Output Controls

Security Controls

Which of the following is NOT considered a type of control in system design?

Software Development Controls Signup and view all the answers

What is the main purpose of Rapid Application Development (RAD)?

To emphasize quick development and iterative feedback Signup and view all the answers

In DevOps, what is the main goal of combining development and IT operations?

To shorten the development lifecycle Signup and view all the answers

What do Compliance Controls ensure in a system?

Adherence to internal policies and regulations Signup and view all the answers

What is the role of process controls in system identification and design?

To monitor system performance and manage changes Signup and view all the answers

What is a primary purpose of project governance in information systems acquisition and development?

To ensure stakeholder involvement and define roles. Signup and view all the answers

Which component is NOT typically included in a business case for an information system project?

System maintenance procedures Signup and view all the answers

What does technical feasibility evaluate in relation to an information system project?

The viability of the proposed technology. Signup and view all the answers

Which aspect of feasibility analysis assesses whether the project’s benefits outweigh the costs?

Economic feasibility Signup and view all the answers

What might influence the choice of system development methodology for an information system?

Project size and complexity Signup and view all the answers

What is an essential role of a steering committee in project governance?

To provide oversight and strategic direction. Signup and view all the answers

Which of the following best describes operational feasibility in the context of information systems acquisition?

Evaluating the organization's capacity to adopt the new system. Signup and view all the answers

Which factor is NOT considered in the feasibility analysis process of an information system?

Market feasibility Signup and view all the answers

Study Notes

Project Governance and Management

Structure to make decisions, roles and responsibilities, and rules to follow for projects
Steering committees: Groups that make important decisions about projects
Project Charters: Document that outlines the project's goals, scope, and timelines
Stakeholder Involvement: Including all the people involved in a project in the decision-making process

Business Case and Feasibility Analysis

Business Case: Explains why a project is necessary, including:
- Benefits: What are the potential advantages of the project?
- Costs: How much will the project cost?
- Risks: What are the potential problems with the project?
- Alignment with Business Objectives: Does the project support the company's overall goals?
Feasibility Analysis: Examines whether the project can be done successfully
- Technical Feasibility: Can the project be implemented using current technology?
- Economic Feasibility: Will the project make money?
- Operational Feasibility: Can the company effectively use the new system?
- Legal and Regulatory Feasibility: Does the project comply with laws and regulations?

System Development Methodologies

Waterfall Model:
- Each step in the project must be completed before moving to the next.
- Best for projects with clear goals and requirements
- Less flexible: Difficult to make changes once the project has started
Agile Methodologies
- Focuses on iterative development and frequent feedback
- Better for projects with changing requirements
- Cross-functional teams: People from different departments work together
Rapid Application Development (RAD):
- Focuses on quick development and user feedback
- Uses prototypes to get feedback and refine requirements
DevOps:
- Combines development and operations teams
- Shortens the development cycle and improves delivery speed

Control Identification and Design

Access Control: Restricting who can access sensitive information
- User Roles: Different levels of access for different people
- Permissions: Giving specific access based on what a person needs
- Authentication: Verifying a person's identity
Input and Output Controls: Ensuring data accuracy and security
- Validation checks: Making sure data is correct
- Error-handling procedures: Dealing with incorrect data
- Secure data transmission methods: Protecting data during transfer
Process Controls: Managing system performance and changes
- Audit Trails: Tracking changes to the system
- Logs: Recording system activity
- Real-time monitoring: Tracking the system in real time to identify problems
Security Controls: Protecting the system from outside threats
- Encryption: Coding data to make it unreadable to attackers
- Firewalls: Barriers to prevent unauthorized access
- Intrusion detection systems: Detecting attacks
Compliance Controls: Making sure the system complies with laws and regulations
- GDPR: General Data Protection Regulation
- HIPAA: Health Insurance Portability and Accountability Act
- PCI-DSS: Payment Card Industry Data Security Standard

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Description

This quiz explores key concepts in project governance and management, including decision-making structures, roles, and responsibilities. It also delves into the importance of business cases and feasibility analysis for successful project implementation, highlighting the necessity for stakeholder involvement and alignment with business objectives.