Shared Flashcard Set

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Chapter 2
Enterprise Analysis
37
Business
Professional
01/17/2008

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Cards

Term
Organization Charts
Definition

This depicts business entities impacted by the study.

Term
Geographical Maps
Definition
This depicts the physical locations of the business entities.
Term
Data Flow Diagrams
Definition
These describe the major types of information required by the business processes that will be impacted.
Term
Technology Architecture Diagrams
Definition
These show the interfaces between current business technologies.
Term
Process Flow Diagrams
Definition
These depict the flow of process steps to completea a business function.
Term
Domain Modeling
Definition
These techniques are used to provide a simplistic visualization of the business area under consideration to understand the scope of the initiative.
Term
Six Sigma
Definition
These techniques use data and statistical analysis to measure both current and future state process efficiency.
Term
Root Cause Analysis
Definition
This is to identify the conditions that initiate the occurrence of the undesired activity or state.
Term
Standard Project Management
Definition
These are techniques to plan and manage the feasibility study activities.
Term
Brainstorming
Definition
These techniques identify as many potential solutions as possible that will meet the requirements.
Term
Work Breakdown Structure (WBS)
Definition
This is to provide a decomposition of each proposed solution as part of the description of each option.
Term
Business Process Reengineering
Definition

These techniques may be used by the study team to foster fundamental rethinking and radical redesign of business processes to achieve dramatic improvements.

Term
Cause-and-Effect
Definition
This is a diagramming technique that graphically summarizes the results of a brainstorming session, identtifying the causes of a specificed desirable outcome.
Term
Market Surveys
Definition
These prove acceptance and forecast the demand in the marketplace.
Term
Technology Feasibility Assessment
Definition

This is to ensure the option is not beyond the organization's current limit in technology.

Term

Interviews

Definition
  • Business staff interviews to determine operational feasibility in the workplace.
  • IT staff interviews to determine the operatational feasibility in the technical operating environment.
  • Finance Staff and project manager interviews to estimate the cost of the alternative solution to ensure economic feasibility.
Term
Prototyping
Definition
This is to build the highest risk component of a proposed solution to prove that solution is technically feasible.
Term
Risk
Definition
This is identification, assessment, ranking and risk response planning.
Term
Benchmarking Analysis
Definition
This is to determine best-in-class practices.
Term
Competitive Analysis
Definition
To examine the viability of market success of the solution.
Term
Environmental Impact Analysis
Definition
To determine the likely environmental impacts of the proposed solution.
Term
Technology Advancement Analysis
Definition
To examine the latest technical approaches to solving the business problem.
Term
Cost Vs. Benefit Analysis
Definition
To determine the economic viability of each option.
Term
COTS Package
Definition

Compare/Constrast analysis to decide whether to select a commerical-off-the-shelf product for part of  or all of the solution option.

Term
Issue
Definition
Identification, assessment, ranking and issue response planning.
Term

Pareto Diagram

Definition
To be used asa presentation device to help assess the relative value and cost of potential solutions.
Term
Analytic Hierarchy Process (AHP)
Definition

To help study teams make the best decision, capturing both qualitative and quaunitative aspects of the decision.  The process is used to reduce these complex decisions to a series of simple comparisoins.  Its power is that it provides a clear rationale for the decision.

Term
Decision Analysis
Definition
is also used to help study teams make the best decision by providing a statistical method to delineate the probablities of various outcomes.
Term
Decision Tables
Definition
These are a matrix representation which can be used to communicate the logic of the decision for the recommended option.
Term
Strutured Problem Solving Techniques
Definition
To provide mechanisms to receive and retrieve new information in a systematic manner, e.g., the explicit method.
Term
Data Gathering and Research Approaches
Definition
To conduct a systematic investigation, including research development, testing, and evaluation, designed to develop or contribute to the knowledge about each option.
Term
Probability Analysis
Definition
Is also used to help study teams make the best decision by providing a mathematical description of the likelihood of a specific event.
Term
Techniques
Definition
  • There is an array of techniques that may be used to conduct the feasibility study.
    • Conduct the current state assessment.
    • Plan the feasibility study effort.
    • Identify solution options.
    • assess the feasibility of each solution.
Term
Techniques to Conduct the Current State Assessment
Definition
  • Organization Charts
  • Geographical Maps
  • Data Flow Diagrams
  • Technology Architecture Diagrams
  • Process Flow Diagrams
  • Domain Modeling
  • Six Sigma
  • Root Cause Analysis
Term
Techniques to Plan the Feasibility Study
Definition
  • Standard Project Management
  • Brainstorming
  • Work Breakdown Structure (WBS)
Term
Techniques to Identify Solution Options
Definition
  • Brainstorming
  • Six Sigma
  • Business Process Reengineering
  • Cause-and-Effect
Term
Techniques to Conduct the Analysis of Feasibility of each Option
Definition
  • Market Surveys
  • Technology Feasiblity Assessment
  • Interviews
  • Prototyping
  • Risk Indentification
  • Benchmarking Analysis
  • Competitive Analysis
  • Environmental Impact Analysis
  • Technology Advancement Analysis
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