What should be considered by management when choosing which IT projects to invest in? IT Strategic Alignment Return on Investment or NPV All of the other answers Synergy / redundancy with other projects
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What should be considered by management when choosing which IT projects to invest in? IT Strategic Alignment
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- Recently, the following two projects have been proposed for South Australia: The construction of a hydrogen power plant The construction of a sporting/entertainment complex Assignment Your task is to take ONE of the policies listed above and answer the below set of questions. When answering the questions below, the focus should be on the policies themselves rather than any political debates or discourse. Using theory contained in the course, in particular starting from the notion of Pareto efficiency, outline the arguments for (or against) the use of public funding for your chosen policy. Your answer should include a discussion of any market failures involved.2. Evaluate project alternatives by applying engineering economic principles and methods and select the one that is economically efficient 3. Deal with risk and uncertainty in project outcomes by applying the basic economic decision-making concepts. In our Course Outcome 2 and 3, explain why do we have to evaluate project alternatives when it comes to selecting the best project or decision? How can we apply engineering economic principles in dealing with risk and uncertainty in our real life and in our future careers . Site one situation.Illustrate with example the following Project Selection Methods:- 1 - Numeric Method - Benefit Measurement Model ; Mathematical Model - Include All types 2 - Non Numeric Method - Sacred Cow; Operating Necessity ; Murder Board ; Competitive Necessity 3 - Pay Back Period ; Benefit Cost Ratio ; Present Value ; Net Present Value ; IRR ; ROI ; Score Model Weight
- You are the Project Analyst for Nairobi Project Advisors who have been asked by a client to advise on which of the following two projects should be accepted. Each project costs US$ 10,000 and each entails a 12% cost of capital: Year Expected Net Cash flows Project X Project Y 0 ($ 10,000) ($ 10,000) 1 6,500 3,500 2 3,000 3,500 3 3,000 3,500 4 1,000 3,500 a) Advise on which project should be undertaken using the Pay Back Period (PBP), Net Present Value (NPV), Internal Rate of Return (IRR), and Modified Internal Rate of Return (MIRR) assuming: i. The projects are independent ii. The projects are mutually exclusiveStarts With a Bang, Ends With a Whimper A faculty member, Kim Green from the Management Department, was asked to chair a major university committee to plan the mission of the university for the next 20 years. Three other senior faculty and seven administrators from across the campus were also asked to serve on this committee. The president of the university, Dr. Sulgrave, gave the commit- tee its charge: What should Northcoast University be like in the year 2020? Dr. Sulgrave told the committee that the work of this task force was of utmost importance to the future of the university, and the charge of this committee should take precedence over all other matters. The task force was allowed to meet in the president’s conference room and use the president’s secretary. The report of the committee was due in 2 months. The task force members felt very good about being selected for such an important team. The team met on a weekly basis for about 2 hours each time. At first, the members were…S. For these projects, you will be placed in the position of a strategist tasked to complete an analysis or develop a strategy plan for your company. Read this message from your manager to learn about the parameters of the project. TO: [Your Name]DATE: [Today's Date]FROM: [Supervisor Name]SUBJECT: Supply chain & PEST analysis Next month, during the quarterly board meeting, I will present the external factors impacting our company and how they will influence its growth. Please complete a value chain analysis of our company and a PEST analysis of the external factors impacting our company. Then, summarize the results of your analysis and deliver that summary to me before the end of next week. In your summary, please include a prediction of how those factors might impact our company’s performance moving forward, recommendations for addressing any negative factors, and visual graphs and charts that I can use during the presentation. Your analysis and summary will be a key…
- Give examples of the following strategies (project where they can be used) • Scenariosif we select a project with expected high pay back when this criterion is included in the selection process then this is a : Option- a.Risk. b. Top management pressure. c. Opportunity. d. Cost.Two new Internet site projects are proposed to a young start -up company. Project A will cost $250,000 to implement and is expected to have annual net cash flows of $75,000. Project B will cost $150,000 to implement and should generate annual net cash flows of $52,000. The compnay is very concerned about their cash flow. Using the payback period, which project is better, from a cash flow standpoint?
- Discuss the role of sustainability analysis in project evaluation. How can projects be assessed for their environmental and social impacts alongside financial considerations?You are working with potential sponsors to determine which project yourcompany will pursue. Based on the benefit-to-cost (BCR) ratios, which of thefollowing four projects should you recommend?A. Project A has a BCR of 5:2B. Project B has a BCR of 5:4C. Project C has a BCR of 3:1D. Project D has a BCR of 2:1 What are the 5 kinds of power?A. Legitimate, expert, reward, political, and bargainingB. Legitimate, expert, reward, referent, and punishmentC. Legitimate, expert, reward, political, and punishmentD. Legitimate, expert, reward, economic, and bargainingChoose one IT project of your own and answer the question that follows:Establish the project’s objective and discuss, using examples, two benefits ofusing project management techniques on this project.NB: 1. The project objective should be SMART.2. The IT project chosen here is also used in the other questions below. Only IT project examples are accepted.