CIS 320 Chapter Notes - Chapter 1, 2, 3, 5: Net Present Value, Discounted Cash Flow, Payback Period
12 Dec 2016
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Textbook notes: unique venture with a beginning and end, conducted by people to meet established goals within parameters of cost, schedule, and quality, process. Refers to ongoing, day-to-day activities in which an organization engages while producing goods or services. Have a specific objective to be completed within a certain specifications. Consume human and nonhuman resources (i. e. money, people, equipment) Are multifunctional (i. e. cut across several functional lines: defined as (cid:498)a temporary endeavor undertaken to create a unique product, service, or result. (cid:499) Arises for a specific purpose or to meet a stated goal. Complex because typically requires the coordinated inputs of numerous: definitions. Complex, one-time processes members of the organization. Developed to resolve a clear goal or set of goals. Goals are deliverables (define the nature of the project. Goal must be specific and the project organized to achieve a stated aim. Projects are ad hoc endeavor with a clear life cycle.
