Chapter 3
Question 2
Some risks involved in a systems analysis and design project are critical resource availability, the potential of new technology and unfamiliarity of use, user resistance to change and regulatory constraints. A project manager copes with as well as prepares for the risk with good communication, detailed assessments and supporting information to show the concerns have been addressed.
Question 4
An inventory tracking system for jewelry is a very challenging one and has its own complexities because jewelers usually adopt the system of tracking inventory based on traditions that have been followed for years together very successfully. These are generally very common sense based approaches and the owner of the store has his own special ways of tracking inventory. With technology in use there are many ways on which inventory can be tracked. The traditional systems are quite good and have been held to be in perfect order and jewelers are used to that old system of tracking for inventory. My initial approach to the project would be to speak with management about their wants regarding the inventory tracking system to determine what their likes and dislikes are of their current system as well as discuss with them future needs and expectations of the new system. My first activity would be to then review the current system specifications.
Chapter 4
Question 1
I believe that current resources available is important for first phase because this can save you a lot of money and also speed up the projects processes if you already have the resources needed readily available. Current business conditions is important because if your already about to go under or your return is nowhere near good then any new project can bring you into the red or even more deeper into the red.
Question 6
T0 -75k t1 (85k -35k) / 1.12 = 44,642 t2 (85k -35k) / 1.12^2 =