Shared Flashcard Set

Details

1.2.6 - Project Business Case
1.2.6
9
Management
Post-Graduate
07/13/2020

Additional Management Flashcards

 


 

Cards

Term
What is a business case? What precedes it?
Definition

A document showing something can be fixed or improved by initiating a project. A needs assessment.

 

(A document showing what a project will fix or improve)

Term
What does a needs assessment help us to understand?
Definition
An understanding of the objectives of the org and aligning them with a problem or opportunity that needs to be addressed.
Term
What are the four components of a needs assessment? (B.A.R.E.)
Definition
Business needs, Analysis of the situation, Recommendation, and evaluation
Term
Explain the first component of a needs assessment. (D.I.I.S.)
Definition

Determine what is prompting need for action.

Identifying stakeholders

Identifying scope

Situational statement explaining what the project will target and the value of the project.

Term
Explain the second component of a needs assessment. (D.A.R.K.S.O.G.)
Definition

Decision Criteria

Alternatives-business scenarios

Root cause/primary contributor

Known Risks

(Critical) Success Factors

Org's strategies, objectives, and goals

Gap analysis of needs for project vs what you already have.

Term
What are the three types of decision criteria? RDO
Definition
Required
Desired
Optional
Term
What are the three types of alternatives-business scenarios? Do things
Definition
Do nothing
Do minimum
Do more than
Term
Explain the third component of a needs assessment. (C.A.A.R.D.S.) MDR&R
Definition
Recommendation has a statement and an implementation approach. The statement includes constraints, assumptions, analysis of the results, risks, dependencies, and success factors. The implementation approach includes milestones, dependencies, and roles and responsibilities.
Term
What is the fourth component of a needs assessment?
Definition
Evaluation, a statement describing a plan to measure benefits. Includes ongoing operational aspects.
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