If you have two different potential projects at a company for expansion what benefits and costs would you consider in deciding which is better for the company, and how would information technology affect this decision?

If you have two different potential projects at a company for expansion what benefits and costs would you consider in deciding which is better for the company, and how would information technology affect this decision?

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

See similar textbooks

Similar questions

The decision tree structure suggests that there are three viable options for a project. What are these options? What, in your opinion, is the solution to data collecting and decision analysis problems.
If I am launching a new product or opening a new location, what are some specific examples how these areas are related to the decision that the organization must make when deciding whether to move forward with this project.
can you please assist with teh following questions. Assume that your class group has been selected and hired by the FAO to manage this FAO Funded Aquaponics Project described in the article (above). Using expressed and implied information in the article, your project team is required to craft/develop some project documents and plans to help in the overall management of the Aquaponics Project, with specific focus on the components and questions/statements listed below. Groups are allowed to make reasonable assumptions. 7. Develop an initial stakeholder register and outline the communications and engagement strategies for each group of stakeholders (with a minimum of 5 key stakeholders). 5. Create a partial project schedule using a Gantt Chart (with a minimum of 10 tasks).
Do the engineers face the decision problem involving the selection of the best course of action when there are several ways to meet a project's requirements?
Imagine you are the CEO of a company. While taking the elevator, three individuals pitch their elevator ideas for four new products (each has an idea for a different new product). All four projects sound good. Would you consider all four, or would you select from among them? Explain why you make this decision. How would you rank the projects in order of your preference before going to the Board of Directors and seeking approval to cover the projects?
What are three choices that might be applied to a project based on a decision tree structure? What do you think the method should be for gathering data and doing the decision analysis?
You have a choice to manage one of three projects. You are familiar with the first project’s sponsor, but the project customer has been known to be difficult to work with. The second project is a complex, high-profile project that has a strong, active project customer who doubles as the project sponsor. The third project is one that is not as complex as the second project, but you have a good working relationship with the customer. You do not, however, have any insight about the project sponsor. Which of the projects would you choose to manage and why? Suppose your manager asks you to manage a project in which you are not interested. How will you handle the situation?
Assume that your class group has been selected and hired by the FAO to manage this FAO Funded Aquaponics Project described in the article (above). Using expressed and implied information in the article, your project team is required to craft/develop some project documents and plans to help in the overall management of the Aquaponics Project, with specific focus on the components and questions/statements listed below. Explain how the activites mentioned below will be used to properly initiate of start the Aquaponics Project. Feasibilty Study Project Charter
Based on the decision tree structure, there are three alternative project possibilities to consider. What are the alternatives to this? What, in your view, is the best answer to the difficulties of data collection and decision-making that we face in this day and age?
Following mini-case scenarios involve ethical dilemmas associated with projectmanagement. How would you respond to each situation, and why? Gold Star LAN projectYou work for a large consulting firm and were assigned to the Gold Star LAN project. Work on the projectis nearly completed and your clients at Gold Star appear to be pleased with your performance. Duringthe course of the project, changes in the original scope had to be made to accommodate specific needsof managers at Gold Star. The costs of these changes were documented as well as overhead andsubmitted to the centralized accounting department. They processed the information and submitted achange order bill for your signature. You are surprised to see the bill is 10 percent higher than what yousubmitted. You contact Jim Messina in the accounting office and ask if a mistake has been made. Hecurtly replies that no mistake was made and that management adjusted the bill. He recommends that yousign the document. You talk to another…
Discuss what criteria are applied in an organization to decide whether or not to proceed with a project and what role having a clear understanding of the scope of the project had in its success or failure.
III. Risks and Feasibility This section of your report identifies risks and confirms the feasibility of the information systems development project. Project feasibility analysis verifies whether a project may be started and successfully completed. Your report should address the feasibility issues listed below. Start by clearly describing what issues are addressed by each feasibility category (see the relevant definitions in the textbook), and discuss the feasibility of the project with respect to each category. Determine organizational and cultural feasibility. This evaluates organizational and cultural issues to identify potential risks for the new system. See pp. 269–270 of the textbook for examples of potential issues.Note: the textbook does not provide an exhaustive list of possibilities!Note: ‘organization’ in this context refers to the Car Sharing community—all stakeholders, but particularly members and prospective members. Assess technological feasibility. See p. 270 of the…