Comments on Draft Paper

Add comments on Draft paper to be incorporated into final version by EOD today

Tie case study to class lectures (5 points)

Review strategic plan and business plan – allocate budget for year (ACCOMPLISHED)
Review projects for:
- Operational feasibility - system will be used effectively
- Technical feasibility – technical resources required
- Economic feasibility – TCO – total cost of ownership, benefits (tangible / intangible)
- Schedule feasibility – implement in acceptable timeframe

THEY DID NOT DO ALL OF THESE ITEMS

Identify project
Review project (review committees)
- Benefits
- Business case (NEED A BETTER BUSINESS CASE FOR PROJECTS - MISSING)
- Evaluate request and set priority

Setting priorities
- Reduce cost?
- Increase revenue?
- Result in more information / better results?

Business case – internal audience, financial analysis with rationale. Quantitive.
Benefits of a Business Case
-Standardization for consistent view of initiatives
-Identify risks
-Justify / gain buy in
-Planning / prioritization

Business case components
Project description - INCLUDED
Cost analysis - NEEDED
Benefit analysis - NEEDED
Cost benefit summary - NEEDED
Alignment to business plan - ATTEMPTED
Stakeholder requirements
Implementation alternatives - NEEDED
Project impact assessment - NEEDED
Risk analysis - NEEDED
Detailed recommendation
Executive summary
Cash flow analysis


No silos - IMPROVEMENT OVER EXISTING PROCESS
Communication between PMs - IMPROVEMENT OVER EXISTING PROCESS
Hidden agendas - PROBLEM WITH EXISTING PROCESS DURING PRIORITIZATOIN
Standard format for status and escalation - SOMEWHAT IMPLEMENTED, BUT NEED BIZ CASE