Shared Flashcard Set

Details

IT Project Management Chapter 4
Marzjarani test vocab
28
Computer Science
Undergraduate 4
05/14/2011

Additional Computer Science Flashcards

 


 

Cards

Term
balanced scorecard
Definition
a methodology that converts an organizations value drivers to a series of defined metrics
Term
baseline
Definition
the approved project management plan plus approved changes
Term
business service management (BSM) tools
Definition
tools that help track the execution of business process flows and expose how the state of supporting IT systems and resources is impacting end to end business process performance in real time
Term
capitalization rate
Definition
the rate used in discounting future cash flow; also called the discount rate or opportunity cost of capital
Term
cash flow
Definition
benefits minus costs or income minus expenses
Term
change control board (CCB)
Definition
a formal group of people responsible for approving or rejecting changes on a project
Term
change control system
Definition
a formal documented process that describes when and how official project documents may be changed
Term
configuration management
Definition
a process that ensures that the descriptions of the projects products are correct and complete
Term
cost of capital
Definition
the return available by investing the capital elsewhere
Term
directives
Definition
new requirements imposed by management government or some external influence
Term
discount factor
Definition
a multiplier for each year based on the discount rate and year
Term
integrated change control
Definition
identifying evaluating and manging changes throughout the project life cycle
Term
interface management
Definition
identifying and managing the points of interaction between various elements of a project
Term
internal rate of return (IRR)
Definition
the discount rate that results in an NPV of zero for a project
Term
mind mapping
Definition
a technique that uses branches radiating out from a core idea to structure thoughts and ideas
Term
net present value (NPV) analysis
Definition
a method of calculating the expected net monetary gain or loss from a project by discounting all expected future cash inflows and outflows to the present point in time
Term
opportunities
Definition
chances to improve the organization
Term
organizational process assets
Definition
formal and informal plans policies procedures guidelines information systems financial systems management systems lessons learned and historical information that can be used to influence a projects success
Term
payback period
Definition
the amount of time it will take to recoup in the form of net cash inflows the total dollars invested in a project
Term
problems
Definition
undesirable situations that prevent the organization from achieving its goals
Term
project charter
Definition
a document that formally recognizes the existence of a project and provides direction on the projects objectives and management
Term
project integration management
Definition
processes that coordinate all project management knowledge areas throughout a projects life, including developing the project charter, developing the preliminary project scope statement developing the project management plan directing and managing the project monitoring and controlling the project providing integrated change control and closing the project
Term
project management plan
Definition
a document used to coordinate all project planning documents and guide project execution and control
Term
required rate of return
Definition
the minimum acceptable rate of return on an investment
Term
return on investment (ROI)
Definition
benefits minus cost divided by costs
Term
strategic planning
Definition
determining long term objectives by analyzing the strengths and weaknesses of an organization studying opportunities and threats in the business environment predicting future trends and projecting the need for new products and services
Term
SWOT analysis
Definition
analyzing Strengths Weaknesses Opportunities and Threats used in aid to strategic planning
Term
weighted scoring model
Definition
a technique that provides a systematic process for basing project selection on numerous criteria
Supporting users have an ad free experience!