ITM 700 : Chapter 8.docx

• School: Ryerson University
• Department: Information Technology Management
• Course: ITM 700
• Professor: Jim Tam

Document Summary

Project size the larger the size the more risk. Experience with the technology project risk increases when project team and company are unfamiliar with the technology. Requirements volatility the nature of the task fully and clearly defines what is required of project outputs. Requirements are difficult to determine and tend to evolve throughout the project; outputs are fixed: what is the difference between what people expect and what often happens at system cutover. Projects are usually conceived and financially justified one at a time not as a group. See figure 8. 3 for risk and return distribution for a portfolio of projects: what are the classical project phases. Analysis and design determines the requirements for developing a new system or adapting a. Construction once requirement, costs, and benefits are defined and specs are developed the system can be assembled. Implementation extensive coordination between user and technologist. Rely on fast cycles and require frequent delivery of value so that incremental implementation.