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Str Sys Ana&Des 2.4

Structured Systems Analysis and Design 2.4

QuestionAnswer
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*.
Created by: vivianlapis
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