PRINCIPLES OF INFO.SYS.(LL)>CUSTOM PKG<
12th Edition
ISBN: 9781337074674
Author: STAIR
Publisher: CENGAGE C
expand_more
expand_more
format_list_bulleted
Concept explainers
Expert Solution & Answer
Chapter 12, Problem 1SAT
Program Description Answer
61% of all the projects are challenged or failed and it is estimated according to Standish Group.
Hence, the correct answer is option “C”.
Expert Solution & Answer
Explanation of Solution
Standish group:
- Standish group is an independent international Information Technology(IT) research advisory firm established in 1985.
- It was known for the reports about
information systems projects in private and public sector. - This mainly focuses on mission-critical software applications, especially concentrating on failures and possible improvements in IT projects.
- It has been constantly tracking the success rate of projects and even though there were improvements, the number of failed and challenged projects stands at 61%.
Explanation for incorrect options:
a. around 25%:
The Standish group has reported that the number of failed and challenged projects stands at 61%
Hence, the option “A” is wrong.
b. anywhere from 25% to 50%:
The Standish group has reported that the number of failed and challenged projects stands at 61%
Hence, the option “B” is wrong.
d. over 70%:
The Standish group has reported that the number of failed and challenged projects stands at 61%
Hence, the option “D” is wrong.
Want to see more full solutions like this?
Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!
Students have asked these similar questions
If an organization currently lacks the skills necessary to make a project technically feasible, how would you rectify the situation? Explain your answer.
Given the following information for a one-year IT project of Gulf Hospital System, answer the following questions. Recall that PV is the planned value, EV is the earned value, and AC is the actual cost.
PV = $ 32,000
EV = $ 25,000
AC = $ 36,000
Calculate the cost variance, schedule variance, cost performance index (CPI), and schedule performance index (SPI) for the given project. Justify the results.
Scenario One:
Assume you are put in charge of launching a new website for a local nonprofit organization. What costs would you need to account for? Make a list of expected costs and benefits for the project. You don’t need to list values, just sources of expense. Consider both one-time and recurring costs.
Consider the situation you addressed in the previous question. Create numeric cost estimates for each of the costs you listed. Calculate the net present value and return on investment. Include a break-even analysis. Assume a 10 percent discount rate and a five-year time horizon.
Scenario Two:
Assuming monetary benefits of an information system at $85,000 per year, one-time costs of $75,000, recurring costs of $35,000 per year, a discount rate of 12 percent, and a five-year time horizon, calculate the net present value of these costs and benefits of an information system. Also calculate the overall return on investment of the project and then present a break-even analysis. At what…
Chapter 12 Solutions
PRINCIPLES OF INFO.SYS.(LL)>CUSTOM PKG<
Ch. 12.5 - Prob. 1DQCh. 12.5 - Prob. 2DQCh. 12.5 - Prob. 1CTQCh. 12.5 - Prob. 2CTQCh. 12.8 - Prob. 1DQCh. 12.8 - Prob. 2DQCh. 12.8 - Prob. 1CTQCh. 12.8 - Prob. 2CTQCh. 12 - Prob. 1SATCh. 12 - Prob. 2SAT
Ch. 12 - Prob. 3SATCh. 12 - The ______ is a key member and the leader of the...Ch. 12 - Prob. 5SATCh. 12 - Prob. 6SATCh. 12 - Prob. 7SATCh. 12 - Prob. 8SATCh. 12 - Prob. 9SATCh. 12 - Prob. 10SATCh. 12 - Feasibility analysis is typically done during...Ch. 12 - Data modeling is most often accomplished through...Ch. 12 - Prob. 13SATCh. 12 - Prob. 14SATCh. 12 - Any potential change in system requirements that...Ch. 12 - Prob. 1RQCh. 12 - Prob. 2RQCh. 12 - Prob. 3RQCh. 12 - Prob. 4RQCh. 12 - Prob. 5RQCh. 12 - Prob. 6RQCh. 12 - Prob. 7RQCh. 12 - Prob. 8RQCh. 12 - Prob. 9RQCh. 12 - Prob. 10RQCh. 12 - Prob. 11RQCh. 12 - Prob. 12RQCh. 12 - Prob. 13RQCh. 12 - Prob. 14RQCh. 12 - Prob. 15RQCh. 12 - Prob. 16RQCh. 12 - Prob. 1DQCh. 12 - Prob. 3DQCh. 12 - Prob. 5DQCh. 12 - Prob. 6DQCh. 12 - Prob. 10DQCh. 12 - Prob. 11DQCh. 12 - Prob. 1DQ1Ch. 12 - Prob. 2DQ1Ch. 12 - Prob. 1CTQ1Ch. 12 - Prob. 2CTQ1Ch. 12 - Prob. 1DQ2Ch. 12 - Prob. 2DQ2Ch. 12 - Prob. 1CTQ2Ch. 12 - Prob. 2CTQ2Ch. 12 - Prob. 1DQ3Ch. 12 - Prob. 2DQ3Ch. 12 - Prob. 1CTQ3Ch. 12 - Prob. 2CTQ3
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, computer-science and related others by exploring similar questions and additional content below.Similar questions
- The ____________ is a key member and the leader of the steering team who plays such a critical role that lack of this essential individual raises the possibility of project failure.arrow_forwardThe ______ is a key member and the leader of the steering team who plays such a critical role that lack of this essential individual raises the possibility of project failure.arrow_forwardGiven the following information for a one-year project, answer the following questions. Recall that PV is the planned value, EV is the earned value, AC is the actual cost, and BAC is the budget at completion. PV = $23,000 EV = $20,000 AC = $25,000 BAC = $120,000 What is the cost variance, schedule variance, cost performance index (CPI), and scheduleperformance index (SPI) for the project? How is the project doing? Is it ahead of schedule or behind schedule? Is it under budget or over budget? Use the CPI to calculate the estimate at completion (EAC) for this project. Is the project performing better or worse than planned? Use the schedule performance index (SPI) to estimate how long it will take to finish this project. Sketch the earned value chart based for this project, using Figure 7-5 as a guide.arrow_forward
- What is the critical path for this project and how long is it?arrow_forwardBriefly describe the various types of project feasibility that must be evaluated.arrow_forwardYou are about to send a deliverable to your customer when you realize there is a defect. The customer would probably not notice it, but it is technically not consistent with the contract. As an ethical project manager, what would you do? Relate your answer with PMI’s Code of Ethics and Professional Conduct.arrow_forward
- Discuss about monetring and controlling of project work?arrow_forwardHow does requirement analysis help in mitigating project risks? Provide specific examples.arrow_forwardIn order to control expenses and monitor project progress, explain why earned value management (EVM) is not used more often. What are some general rules for establishing if a cost variance, schedule variance, cost performance index, or schedule performance index is positive?arrow_forward
- Define average-risk projectsarrow_forwardThe_______________is a key member and the leader of the steering team who plays such a critical role that lack of this essential individual raises the possibility of project failure.arrow_forwardWhat is projectitis? How is it cured or its impact minimized?arrow_forward
arrow_back_ios
arrow_forward_ios
Recommended textbooks for you
- Information Technology Project ManagementComputer ScienceISBN:9781337101356Author:Kathy SchwalbePublisher:Cengage LearningPrinciples of Information Security (MindTap Cours...Computer ScienceISBN:9781337102063Author:Michael E. Whitman, Herbert J. MattordPublisher:Cengage LearningPrinciples of Information Systems (MindTap Course...Computer ScienceISBN:9781285867168Author:Ralph Stair, George ReynoldsPublisher:Cengage Learning
- Fundamentals of Information SystemsComputer ScienceISBN:9781305082168Author:Ralph Stair, George ReynoldsPublisher:Cengage LearningEnhanced Discovering Computers 2017 (Shelly Cashm...Computer ScienceISBN:9781305657458Author:Misty E. Vermaat, Susan L. Sebok, Steven M. Freund, Mark Frydenberg, Jennifer T. CampbellPublisher:Cengage Learning
Information Technology Project Management
Computer Science
ISBN:9781337101356
Author:Kathy Schwalbe
Publisher:Cengage Learning
Principles of Information Security (MindTap Cours...
Computer Science
ISBN:9781337102063
Author:Michael E. Whitman, Herbert J. Mattord
Publisher:Cengage Learning
Principles of Information Systems (MindTap Course...
Computer Science
ISBN:9781285867168
Author:Ralph Stair, George Reynolds
Publisher:Cengage Learning
Fundamentals of Information Systems
Computer Science
ISBN:9781305082168
Author:Ralph Stair, George Reynolds
Publisher:Cengage Learning
Enhanced Discovering Computers 2017 (Shelly Cashm...
Computer Science
ISBN:9781305657458
Author:Misty E. Vermaat, Susan L. Sebok, Steven M. Freund, Mark Frydenberg, Jennifer T. Campbell
Publisher:Cengage Learning