Project IT Chapter 4

involves working with stakeholders to create the document that formally authorizes a project—the charter.

involves coordinating all planning efforts to create a consistent, coherent document—the project management plan.

to achieve project objectives while contributing to organizational learning

project work involves overseeing activities to meet the performance objectives of the project

Identifying, evaluating, and managing changes throughout the project life cycle

phase involves finalizing all activities to formally close the project or phase

involves determining long-term objectives, predicting future trends, and projecting the need for new products and services

analyzing Strengths, Weaknesses, Opportunities, and Threats

asks how many customers or how many visitors to the site will make it worthwhile

determines how long it will take for your project to be successful

dedetermines if a project is worth the investment

discounts expected future inflows and outflows in today's financial terms

is a tool that provides a systematic process for selecting projects based on many criteria

is a methodology that converts an organization's value drivers, such as customer service, innovation, operational efficiency, and financial performance, to a series of defined metrics

which include formal and informal plans, policies, procedures, guidelines, information systems, financial systems, management systems, lessons learned, and historical information