Information Technology Project Management
Information Technology Project Management
9th Edition
ISBN: 9781337101356
Author: Kathy Schwalbe
Publisher: Cengage Learning
Expert Solution & Answer
Book Icon
Chapter 4, Problem 2DQ

Explanation of Solution

Options that organizations have for selecting projects

  • Many organizations use a Strength, Weakness, Opportunity and Threat (SWOT) analysis that involves identifying and evaluating an organization’s strength, weakness, opportunity and threats.
  • Performing a business area analysis is the next step in the planning process for selecting information technology projects after identifying strategic goals. This analysis outlines business processes that are central to achieve strategic goals and helps to determine which ones could mostly benefit from information technology.
  • Then, the next step is to start defining potential information technology projects, their scope, benefits, and constraints.
  • The last step in the planning process for selecting information technology projects is choosing which projects to do and assigning resources for working on them.
  • Many organizations also use financial methods to select projects, such as Return On Investment (ROI), payback, and Net Present Value (NPV)...

Blurred answer
Students have asked these similar questions
Of the five primary components of an information system (hardware, software, data, people, process), which do you think is the most important to the success of a business organization? Part A - Define each primary component of the information system. Part B - Include your perspective on why your selection is most important. Part C - Provide an example from your personal experience to support your answer.
Management Information Systems
Q2/find the transfer function C/R for the system shown in the figure Re ད
Knowledge Booster
Background pattern image
Similar questions
SEE MORE QUESTIONS
Recommended textbooks for you
Text book image
Information Technology Project Management
Computer Science
ISBN:9781337101356
Author:Kathy Schwalbe
Publisher:Cengage Learning
Text book image
Principles of Information Systems (MindTap Course...
Computer Science
ISBN:9781285867168
Author:Ralph Stair, George Reynolds
Publisher:Cengage Learning
Text book image
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
Text book image
Principles of Information Systems (MindTap Course...
Computer Science
ISBN:9781305971776
Author:Ralph Stair, George Reynolds
Publisher:Cengage Learning