CS330 Chapter Notes - Chapter 14: Critical Path Method, Capital Budgeting, Net Present Value

• School: University of Waterloo
• Department: Computer Science
• Course: CS330
• Professor: Robin Cohen

Document Summary

Chapter 14- project management, business value, and managing change. Managing information systems as a critical resource. Must understand to interact with is department. Managing personal who develop systems and the systems developed. Costly and time consuming if it fails. Runaway projects- fail to perform as specified; exceed schedule, exceed budget. Types of system failure: fail to capture requirements, fail to add benefits, complicated and poorly organized user interface, inaccurate or inconsistent data. Project- planned series of related activities for achieving a specific business objective. Project management- application of knowledge, skills, tools and techniques to achieve specific targets within a specific budget and time frame. Includes: planning work, assessing risk, estimating resources needed, organizing work, assigning tasks, controlling execution, reporting progress, analyzing results. Scope- what work is included and what is not included. Budget for is department and for strategic, tactical and operational level systems. Risks (cid:449)he(cid:374) a(cid:272)(cid:395)ui(cid:396)i(cid:374)g a(cid:374)othe(cid:396) fi(cid:396)(cid:373)"s it i(cid:374)f(cid:396)ast(cid:396)u(cid:272)tu(cid:396)e.