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Str Sys Ana&Des 2.4
Structured Systems Analysis and Design 2.4
Question | Answer |
---|---|
Baseline project plan (BPP) | One of the major outcomes and deliverables from the project initiation and planning phase. It contains the best estimate of the project’s scope? benefits? costs? risks? and resource requirement" |
Break-even analysis | A type of cost-benefit analysis to identify at what point (if ever) benefits equal cost |
Business case | A written report that outlines the justification for an information system. The report highlights economic benefits and costs and the technical and organizational feasibility of the proposed system. |
Discount rate | The interest rate used to compute the present value of future cash flows. |
Economic feasibility | A process of identifying the financial benefits and costs associated with a development project. |
Electronic commerce (EC) | Internet-based communication and other technologies that support day-to-day business activitie |
Incremental commitment | A strategy in systems analysis and design in which the project is reviewed after each phase? and continuation of the project is rejustified in each of these reviews." |
Intangible benefit | A benefit derived from the creation of an information system that cannot be easily measured in dollars or with certainty |
Intangible cost | A cost associated with an information system that cannot be easily measured in terms of dollars or with certainty |
Legal and contractual feasibility | The process of assessing potential legal and contractual ramifications due to the construction of a system. |
One-time cost | "A cost associated with project initiation and development? or system start-up." |
Operational feasibility | The process of assessing the degree to which a proposed system solves business problems or takes advantage of business opportunities. |
Political feasibility | The process of evaluating how key stakeholders within the organization view the proposed system. |
Present value | The current value of a future cash flow. |
Project scope statement | A document prepared for the customer that describes what the project will deliver and outlines generally at a high level all work required to complete the project. |
Recurring cost | A cost resulting from the ongoing evolution and use of the system. |
Schedule feasibility | The process of assessing the degree to which the potential time frame and completion dates for all major activities withina project meet organizational deadlines and constraints for effecting change |
Tangible benefit | A benefit derived from the creation of an information system that can be measured in dollars and with certainty. |
Tangible cost | A cost associated with an information system that can be easily measured in dollars and with certainty |
Technical feasibility | The process of assessing the development organization’s ability to construct a proposed system. |
Time value of money (TVM) | The process of comparing present cash outlays to future expected returns. |
Walkthrough | A peer-group review of any product created during the systems development process; also called a structured *insert term here*. |