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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- Discuss IT project risk and mitigation. Decision trees with Monte Carlo analysis for risk assessment?Potential development projects can be identified by: * O A steering committee O A Senior IS manager O Top management O All of the above Capital costs, management and staff time, and consulting costs are examples of: O Operating costs O Start-up costs O Project-related costs O Procurement costs Risks can arise from: Resistance to change Unstable political environment Financial insecurity All of the above O O O OAnalyze the following situations. Choose one situation which you think is less harmful. Explain why it is less harmful. How can you counter the harm that it causes?1. (Project A) Mr Ang plans plans to have a project which is a factory that would employ 50% of the people in the community but his factory would releases harmful chemicals to the sea.2. ( Project B) Mr. Bin plans to create an amusement park project to attract people to work on his place/business so that the factory would be closed and stop releasing harmful chemicals to the sea. However, Mr. Bin needs to cut the trees along the place where he has to build his amusement park but this again would cause harm to the environment. 3. (Project C) Mr. Ching plans to establish a resort and hotel project so that Mr Bin cannot cut the trees in order to save nature. However, by so doing he has to reclaim an area where mangroves grow which serves as fish sanctuary. Question: If you are a lover of nature and a…
- Consider the following table which presents information on the returns in million pounds from a range of investment project alternatives for a company depending on the performance of the economy: the economy may be in a recession, performing at a normal level or booming. SCENARIO RECESSION NORMAL ВОOM Project A Project B Project C 12 18 28 10 22 32 11 21 31 a) Briefly describe and apply the following decision criteria to select the optimal project: i. Maxi – min rule; ii. Махi - max rule; 11. Mini max regret rule. b) Using data provided below, compute appropriate values and fill the table below to help identify the least risky and most risky project among alternatives A, B and C using appropriate criteria. Project P EV D D2 Var St. dev Coef.Of Var 12 0.2 A 18 0.7 28 0.1 10 0.3 В 22 0.6 32 0.1 11 0.1 C 21 0.8 31 0.1 Where n denotes the profit, P is the probability, EV stand for Expected value, D is the Deviation, D$ denote the deviation square, St. dev is the standard deviation and…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.Read the case study and asnwet the question below: magine that you are a manager responsible for choosing which new project to support. Your budget is limited, and you can support only one new project. You must make a decision by tomorrow morning. Your staff just finished presenting their ideas to you, and you are finding it difficult to choose. Each project has merit, and you feel that they all have an equal chance of success. As the meeting comes to a close, your team members each make a last minute appeal to win your support.Jose: “You are a great leader and have always made great decisions for the team. I’m sure you’ll choose the best one this time, too! “Kira: “You’ve always said we should aim high. I think my idea will help our company reach new markets and raise us to the next level.”John: “I think my idea has the highest chance for a good return on our investment with the least risk. My market research is solid, and I think my idea is the best choice.”Sandy: “I talked to the…
- How should Santosh go about completing a feasibility analysis for dragon karate sports using the four phases: 1. Industry/market analysis 2. Product/service analysis 3. Financial analysis 4. Entrepreneur analysisDiscuss the most common sources of risk in IT projects, as well as mitigation strategies. How do decision trees and Monte Carlo analysis quantify risk?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?
- What factors do you think are important to take into account when considering the feasibility of a particular project for planningDo 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?Every project has some level of risks, and a Project Manager must plan for these risks, whether known or unknown. As the project manager of OPS, explain to your sponsor what risks exist for the project and how you would plan for or respond to them. If the CRM software project is implemented it will help to keep and maintain customer data, report about project situations, and adapt the input data to develop the business in alignment with Grace’s strategic goals.