Bundle: Principles of Information Systems, Loose-Leaf Version, 13th + MindTap MIS, 1 term (6 months) Printed Access Card
13th Edition
ISBN: 9781337746113
Author: Ralph Stair, George Reynolds
Publisher: Cengage Learning
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Question
Chapter 11, Problem 13DQ
Program Plan Intro
Project Management:
- The project management denotes application of skills, knowledge as well as techniques for project activities for meeting project requirements.
- The project manager attempts to deliver a solution that meets specific cost, scope, time as well as quality goals.
- They manage project stakeholder expectations.
- The project managers must coordinate nine areas of expertise that includes:
- Scope
- Time
- Cost
- Quality
- Human resources
- Risk
- Communications
- Integration
- Procurement.
- The “forming-storming-norming-performing-adjourning” model describes how teams form, evolve, and dissolve.
- Each project must contain a project steering team that contains senior managers representing IS organizations and business.
- It provides guidance and support to project.
- The key members of steering team are project sponsor, project champion and IS manager.
Three types of contracts:
The three types of contracts used in procurement of goods as well as services are shown below:
- Fixed price contract:
- It denotes a contract in which buyer and provider agrees upon a total fixed price.
- It denotes for a well-defined service or product.
- Cost reimbursable contract:
- It is a contract that requires buyer to pay provider an amount that covers actual costs plus profit percentage of provider.
- Time and material contract:
- It denotes a contract that required buyer to pay provider for both time as well as materials.
- These entities required for completion of contract.
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How do you account for potential technological advancements when estimating costs for a project that spans multiple years?
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Identify and explain any two terms and conditions that must be included in the project’s contract.
Chapter 11 Solutions
Bundle: Principles of Information Systems, Loose-Leaf Version, 13th + MindTap MIS, 1 term (6 months) Printed Access Card
Ch. 11.1 - Prob. 1RQCh. 11.1 - Prob. 2RQCh. 11.1 - Prob. 1CTQCh. 11.1 - Prob. 2CTQCh. 11.2 - Prob. 1RQCh. 11.2 - Prob. 2RQCh. 11.2 - Prob. 1CTQCh. 11.2 - Prob. 2CTQCh. 11 - Prob. 1SATCh. 11 - Analysis of the internal assessment and external...
Ch. 11 - Prob. 3SATCh. 11 - Prob. 4SATCh. 11 - Prob. 5SATCh. 11 - Prob. 6SATCh. 11 - Prob. 7SATCh. 11 - Prob. 8SATCh. 11 - Prob. 9SATCh. 11 - Prob. 10SATCh. 11 - According to the Project Management Institute...Ch. 11 - Prob. 12SATCh. 11 - Prob. 1RQCh. 11 - Prob. 2RQCh. 11 - Prob. 3RQCh. 11 - Prob. 4RQCh. 11 - Prob. 5RQCh. 11 - Prob. 6RQCh. 11 - Prob. 7RQCh. 11 - Prob. 8RQCh. 11 - Prob. 9RQCh. 11 - What is a core competency? Project scope? Project...Ch. 11 - Prob. 11RQCh. 11 - Identify and briefly describe the nine areas of...Ch. 11 - Prob. 13RQCh. 11 - Prob. 14RQCh. 11 - Prob. 15RQCh. 11 - Prob. 16RQCh. 11 - Prob. 17RQCh. 11 - Prob. 18RQCh. 11 - Prob. 1DQCh. 11 - Prob. 2DQCh. 11 - Prob. 3DQCh. 11 - Prob. 4DQCh. 11 - Prob. 5DQCh. 11 - Prob. 6DQCh. 11 - Prob. 7DQCh. 11 - Prob. 8DQCh. 11 - Is there a difference between project time...Ch. 11 - Discuss the team dynamics for a highly effective...Ch. 11 - What sort of behaviors would indicate that the...Ch. 11 - Prob. 12DQCh. 11 - Prob. 13DQCh. 11 - How would you respond to a project team member who...Ch. 11 - Prob. 1PSECh. 11 - Prob. 3PSECh. 11 - Prob. 1TACh. 11 - Prob. 2TACh. 11 - Prob. 3TACh. 11 - Prob. 1WECh. 11 - Prob. 2WECh. 11 - Prob. 3WECh. 11 - Prob. 1CECh. 11 - Prob. 2CECh. 11 - Prob. 3CECh. 11 - Prob. 1CTQ1Ch. 11 - Prob. 2CTQ1Ch. 11 - Prob. 3CTQ1Ch. 11 - Prob. 1CTQ2Ch. 11 - Prob. 2CTQ2Ch. 11 - Prob. 3CTQ2
Knowledge Booster
Similar questions
- Use either a top-down or a bottom-up approach to determine the overall cost of the project and discuss the approach used.arrow_forwardWhy estimating time and cost is important to the project. What you think is difficult about estimating the project times. What you think is difficult about estimating the project costs.arrow_forwardFixed-price contracts, where the contractor bids a fixed price to complete a system development, may be used to move project risk from client to contractor. If anything goes wrong, the contractor has to pay. Suggest how the use of such contracts may increase the likelihood that product risks will arise.arrow_forward
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