INFT2009 Project Feasibility 1pp
Where to from here??
Project Inception
“Research and understand the problem” Project feasibility and
Planning
“Ensure it is worth doing” (more detail in the course text’s on-line
Appendix)
Additional Reference:
Information Technology Project
Management,
any edition past 4th Edition
Schwalbe, Kathy
Thomson Course Technology
IT Planning Process
Identification of Potential Projects
• Many organisations follow a planning process for selecting IT projects.
• It’s crucial to align IT projects with a business strategy.
• Research shows that:
– Supporting explicit business objectives is the number one reason cited for investing in IT projects.
– The consistent use of IT standards lowers application development costs by 41 percent per user.
Methods for Selecting Projects
There is usually not enough time or resources to implement all projects
Methods for selecting projects include:
1. Focusing on broad organisational needs.
2. Categorising IT projects.
3. Performing financial analyses to rate a project’s feasibility/viability. 4. Feasibility comparison between competing projects
• Using a weighted scoring model with the weighted factors chosen according to some common criteria
(with TELOS, CPM, etc)
1. Focus on
Broad Organisational Needs
• It is often difficult to provide strong justification for many IT projects, but everyone agrees they have a high value.
“It is better to measure gold roughly than to count pennies precisely” • Three important criteria for projects:
– There is a need for the project.
– There are funds available for the project.
– There is a strong will to make the project succeed. 2. Categorising IT Projects
Project selection is based on various categorisation methods. Types of categorisation are based on :
– whether the project provides a response to:
• A problem
• An opportunity
• A directive
– the time it will take to complete a project or the date by which it must be done.
– the overall priority of the project.
Establishing Project
Project Inception
“Research and understand the problem” Project feasibility and
Planning
“Ensure it is worth doing” (more detail in the course text’s on-line
Appendix)
Additional Reference:
Information Technology Project
Management,
any edition past 4th Edition
Schwalbe, Kathy
Thomson Course Technology
IT Planning Process
Identification of Potential Projects
• Many organisations follow a planning process for selecting IT projects.
• It’s crucial to align IT projects with a business strategy.
• Research shows that:
– Supporting explicit business objectives is the number one reason cited for investing in IT projects.
– The consistent use of IT standards lowers application development costs by 41 percent per user.
Methods for Selecting Projects
There is usually not enough time or resources to implement all projects
Methods for selecting projects include:
1. Focusing on broad organisational needs.
2. Categorising IT projects.
3. Performing financial analyses to rate a project’s feasibility/viability. 4. Feasibility comparison between competing projects
• Using a weighted scoring model with the weighted factors chosen according to some common criteria
(with TELOS, CPM, etc)
1. Focus on
Broad Organisational Needs
• It is often difficult to provide strong justification for many IT projects, but everyone agrees they have a high value.
“It is better to measure gold roughly than to count pennies precisely” • Three important criteria for projects:
– There is a need for the project.
– There are funds available for the project.
– There is a strong will to make the project succeed. 2. Categorising IT Projects
Project selection is based on various categorisation methods. Types of categorisation are based on :
– whether the project provides a response to:
• A problem
• An opportunity
• A directive
– the time it will take to complete a project or the date by which it must be done.
– the overall priority of the project.
Establishing Project