Mgmt 340

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Submitted By msboone97
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Chapter 3 Problems/Exercise Questions 2 & 4

2. What are some sources of risk in a systems analysis and design project, and how does a project manager cope with risk during the stages of project management?

~”Risks might arise from the use of new technology, prospective users’ resistance to change, availability of critical resources, competitive reactions or changes in regulatory actions due to the construction of a system, or team member inexperience with technology or the business area. A project manager should continually try to identify and assess project risk throughout each stage of a project.”
Hoffer, J. V. J. G. J. A. (2012). Essentials of Systems Analysis and Design, VitalSource eBook for DeVry University. [VitalSource Bookshelf version].

4. Suppose that you have been contracted by a jewelry store to manage a project to create a new inventory tracking system. Describe your initial approach to the project. What should your first activity be? What information would you need? To whom might you need to speak?

~My first initial approach to the system would be to get an accurate physical inventory and compare to the current tracking system in place. If there isn’t one, then the initial phase is not as difficult. I would speak with the district or store management to see exactly what is to be included in the inventory, par levels, and how often inventory is ordered.

Chapter 4 Problems/Exercise Questions 1 & 6

1. The economic analysis carried out during project identification and selection is rather superficial. Why is this? Consequently, what factors do you think tend to be most important for a potential project to survive this first phase of the life cycle?

~Economic analysis in the identification phase is superficial because there is no way to determine all the cost needed to do the project without diving deeper into the project…...

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