Information System Project
1️⃣ Describing Project Scope, Alternatives, and Feasibility
2️⃣ Dividing the project into manageable tasks
: Requires diverse set of skills Management, Leadership, Technical, Conflict management Customer relations.
Work breakdown structure (WBS)
: The process of dividing the project into manageable tasks and logically ordering between tasks.
3️⃣ Estimating resources and creating plan
4️⃣ Representing project plan
5️⃣ Developing a communication plan
6️⃣ Determining project standards and procedures
7️⃣ Identifying and assessing risk
: Provide independent evaluation of all proposed project elements.
🔻 Operational Feasibility
🔻 Technical Feasibility
🔻 Schedule Feasibility
🔻 Legal and Contractual Feasibility
🔻 Political Feasibility
🔻 Economical Feasibility : Cost-Benefit Analysis
ⓐ Present Value Analysis
ⓑ Break Value Analysis
ⓒ Cash-flow Analysis
Types of Benefits
✅ Tangible benefit
: A benefit from information system that can be easily measured.
▪️ Increased sales opportunities
✅ Intangible benefit
: A benefit from information system that cannot be easily measured.
▪️ Increased organizational flexibility
▪️ Increased employee morale
Types of Costs
✅ Tangible cost
: A cost associated with information system that can be easily measured in dollar.
✅ Intangible cost
: A cost associated with information system that cannot be easily measured in dollar.
▪️ Loss of customer goodwill
▪️ Loss of employee morale
✅ One-time cost
: A cost associated with project initiation and development.
▪️ New hardware and software purchases
▪️ User training
▪️ Data or system conversion
✅ Recurring cost
: A cost from the ongoing evolution and use of system.
▪️ Application software maintenance
▪️ Incremental data storage expense
✅ TVM ( Time value of Money )
: A cost from the process of comparing present cash-flow to future expected returns.
8️⃣ Creating a preliminary budget
9️⃣ Developing a project scope statement
🔟 Setting a baseline project plan