Pearson eText for Essentials of Systems Analysis and Design -- Instant Access (Pearson+)
6th Edition
ISBN: 9780137612420
Author: Joseph Valacich, Joey George
Publisher: PEARSON+
expand_more
expand_more
format_list_bulleted
Expert Solution & Answer
Chapter 4, Problem 41CQ
Explanation of Solution
Economic analysis of a project:
- Economic benefit analysis is used to decide whether a project will make a contribution towards reaching its objectives.
- Hence, it deals with costs and benefits of the project as a whole...
Explanation of Solution
Economic feasibility factors:
The relevant economic feasibility factors include:
- Once the system is in place, then it is relevant to see how people are reacting to it...
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solution
Students have asked these similar questions
If you were assigned to Jim’s team for thisproject, when in the project schedule (inwhat phase or after which activities are completed) do you think you could develop an economic analysis of the proposed system?What economic feasibility factors do youthink would be relevant?
Preparing feasibility studies, which include technical, economic, legal, operational, and schedule feasibility, is an important step in the system development life cycle. We go over these possibilities in depth in the interactive tutorials.Briefly discuss these possibilities. Also included in the economic feasibility section is a detailed cost-benefit analysis.
Alternative solutions are evaluated in this deliverable during the Planning Phase, and management is advised as to whether the project should be continued or not. the project schedule, the system request, and the list of specifications The feasibility study is the next step.
Chapter 4 Solutions
Pearson eText for Essentials of Systems Analysis and Design -- Instant Access (Pearson+)
Ch. 4 - Prob. 1MCh. 4 - Prob. 2MCh. 4 - Prob. 3MCh. 4 - Prob. 4MCh. 4 - Prob. 5MCh. 4 - Prob. 6MCh. 4 - Prob. 7MCh. 4 - Prob. 8MCh. 4 - Prob. 9MCh. 4 - Prob. 10M
Ch. 4 - Prob. 11MCh. 4 - Prob. 12MCh. 4 - Prob. 13MCh. 4 - Prob. 14MCh. 4 - Prob. 15MCh. 4 - Prob. 16MCh. 4 - Prob. 17MCh. 4 - Prob. 18MCh. 4 - Prob. 19MCh. 4 - Prob. 20MCh. 4 - Prob. 21MCh. 4 - Prob. 22MCh. 4 - Prob. 1RQCh. 4 - Describe several project evaluation criteria.Ch. 4 - Prob. 3RQCh. 4 - Prob. 4RQCh. 4 - Prob. 5RQCh. 4 - Prob. 6RQCh. 4 - What are the potential consequences of not...Ch. 4 - Prob. 8RQCh. 4 - Prob. 9RQCh. 4 - Prob. 10RQCh. 4 - Prob. 11RQCh. 4 - Prob. 12PECh. 4 - Prob. 13PECh. 4 - Prob. 14PECh. 4 - Prob. 15PECh. 4 - Prob. 16PECh. 4 - Prob. 17PECh. 4 - Prob. 18PECh. 4 - Prob. 19PECh. 4 - Prob. 20PECh. 4 - Prob. 21PECh. 4 - Assume monetary benefits of an information system...Ch. 4 - Prob. 23PECh. 4 - Prob. 24PECh. 4 - Prob. 25PECh. 4 - Prob. 26PECh. 4 - Prob. 27PECh. 4 - Prob. 28PECh. 4 - Prob. 29DQCh. 4 - Prob. 30DQCh. 4 - Prob. 31DQCh. 4 - Prob. 32DQCh. 4 - Prob. 33CPCh. 4 - Prob. 34CPCh. 4 - Prob. 35CPCh. 4 - Prob. 36CQCh. 4 - Prob. 37CQCh. 4 - Identify a preliminary set of tangible and...Ch. 4 - Prob. 39CQCh. 4 - If you were assigned to help Jim with this...Ch. 4 - Prob. 41CQCh. 4 - Prob. 42CQCh. 4 - In Question 4, you analyzed the risks associated...
Knowledge Booster
Similar questions
- For the information shown in table below, 1- Draw the network diagram by using AOA method to estimate the project time and prepare a table containing ES, EF, LS, LF, TF, FF, and critical path. 2- Allocate the resources required to complete the project on earliest and latest start time and then identify the most reasonable of them, and why? Activity Duration Preceded by No. resources A 3 2 B 5 2 C 6 2 D 5 A,B 3 E 4 3 1 4 B 2 G 4 D D,F J 3 E,I,J 1arrow_forwardWith a suitable example explain the difference how is a project different from a program? Using the selected example provide details on which will constitute a project and which one to a program? list the project deliverables that constitutes to the overall goal of the program?arrow_forwardYou've been appointed project coordinator for a tourism workshop to be conducted on the island of Anguilla in the near future. There will be local, regional, and international participants in attendance. As part of your preparations, you have invited 25 participants and 12 speakers. There are also many additional tasks to be completed: Invitation letters must include all pertinent information. Estimates for workshop financing must be calculated in total. All participants and equipment requirements will be recorded throughout the session for reporting reasons and to be compared to other potential seminars in the future. The workshop attendees will be documented, and the pre- and post-funding projections will be compared. It's also worth noting any additional costs spent during the session. As part of the workshop's welcome, all participants will be given a short presentation showcasing different elements of Anguilla's culture and island. It should be emphasized that data duplication…arrow_forward
- In what percentage the reduction is performed and how much cost is reduced during the development process? Which model is the most beneficial for that type of product? A small team is working in a project and is structured for creating best possible products, you have to discuss which type of process, methods, model are used in that type of scenario? Which types of methodology are applied with each work products and what practice they are going to use.arrow_forwardFacts: The purpose of the Planning Phase is to plan all project processes and activities required to ensure project success and to create a comprehensive set of plans, known as the PMP, to manage the project from this phase until project termination. Question: In your own opinion. Give at least 3 common problems which you think you will face in the process of SDLC Project Management and why?arrow_forwardcase 2 Facts: The purpose of the Planning Phase is to plan all project processes and activities required to ensure project success and to create a comprehensive set of plans, known as the PMP, to manage the project from this phase until project termination. Question: In your own opinion. Give at least 3 common problems which you think you will face in the process of SDLC Project Management and why?arrow_forward
- In the area of the management plan devoted to the project's work that has to be done, what are the three most important components to include?arrow_forwardHow will adjustments be made if the project's parameters need to shift? When it is inevitable that business needs will change, which SDLC model should be used? Justify?arrow_forwardWhat plans do you have in place to modify the project scope if necessary? When it is inevitable that business needs will change, which SDLC model should be used? Justify?arrow_forward
- When students have been allocated to the projects, the tutor assigns the chosen project to two members of staff to supervise each project. One is the first supervisor and the other is the second supervisor. The project tutor then sends the project acceptance details to the companies to inform them whether or not their project has been selected. The first supervisor must make an initial visit to the company with the student to set the project objectives and must make a mid-project and end-of-project visit. The student will then enter the objectives of the project to the system. During the project execution, the student is required to prepare weekly progress reports. The final report will be submitted at the end of the project execution. At the end of the project period, both supervisors must sit together to assess the work carried out based on a submitted report. The supervisors then enter the assessment result to the system. The system will then print out the final result. Model the…arrow_forwardConsider that you are developing a project where people would choose to test themselves to go without using a computer for a fixed period of time. Describe how you would set up the project and why. What period of time would you set up? Why? Who would you recruit to participate? Why? What would you define as a computer or off limits? Why? Which of the following would be acceptable?Smartphones Having someone else use the computer for you? reading printouts? Using GPS?arrow_forwardWhat activity is performed in the beginning during the formation of a project team? a. Identify the objectives b. The selection of team members c. Allocation of resources are identified d. The stakeholders are committed to the projectarrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
Information Technology Project ManagementComputer ScienceISBN:9781337101356Author:Kathy SchwalbePublisher:Cengage Learning
Principles of Information Systems (MindTap Course...Computer ScienceISBN:9781305971776Author:Ralph Stair, George ReynoldsPublisher:Cengage Learning
Fundamentals of Information SystemsComputer ScienceISBN:9781337097536Author:Ralph Stair, George ReynoldsPublisher:Cengage Learning
Database Systems: Design, Implementation, & Manag...Computer ScienceISBN:9781305627482Author:Carlos Coronel, Steven MorrisPublisher:Cengage Learning
Database Systems: Design, Implementation, & Manag...Computer ScienceISBN:9781285196145Author:Steven, Steven Morris, Carlos Coronel, Carlos, Coronel, Carlos; Morris, Carlos Coronel and Steven Morris, Carlos Coronel; Steven Morris, Steven Morris; Carlos CoronelPublisher:Cengage Learning
Fundamentals of Information SystemsComputer ScienceISBN:9781305082168Author:Ralph Stair, George ReynoldsPublisher:Cengage Learning
Information Technology Project Management
Computer Science
ISBN:9781337101356
Author:Kathy Schwalbe
Publisher:Cengage Learning
Principles of Information Systems (MindTap Course...
Computer Science
ISBN:9781305971776
Author:Ralph Stair, George Reynolds
Publisher:Cengage Learning
Fundamentals of Information Systems
Computer Science
ISBN:9781337097536
Author:Ralph Stair, George Reynolds
Publisher:Cengage Learning
Database Systems: Design, Implementation, & Manag...
Computer Science
ISBN:9781305627482
Author:Carlos Coronel, Steven Morris
Publisher:Cengage Learning
Database Systems: Design, Implementation, & Manag...
Computer Science
ISBN:9781285196145
Author:Steven, Steven Morris, Carlos Coronel, Carlos, Coronel, Carlos; Morris, Carlos Coronel and Steven Morris, Carlos Coronel; Steven Morris, Steven Morris; Carlos Coronel
Publisher:Cengage Learning
Fundamentals of Information Systems
Computer Science
ISBN:9781305082168
Author:Ralph Stair, George Reynolds
Publisher:Cengage Learning