What are the three PRIMARY steps to be taken to initialize the project?
Each correct answer represents a complete solution. Choose all that apply.
A.
Conduct a feasibility study
B.
Define requirements
C.
Acquire software
D.
Plan risk management
Explanation:
Projects are initiated by sponsors who gather the information required to gain approval for the
project to be created. Information often compiled into the terms of a project charter includes the
objective of the project, business case and problem statement, stakeholders in the system to be
produced, and project manager and sponsor.
Following are the steps to initiate the project:
Conduct a feasibility study: Feasibility study starts once initial approval has been given to move
forward with a project, and includes an analysis to clearly define the need and to identify
alternatives for addressing the need. A feasibility study involves:
Analyzing the benefits and solutions for the identified problem area
Development of a business case that states the strategic benefits of implementing the system
cither in productivity gains or in future cost avoidance and identifies and quantifies the cost
savings of the new system.
Estimation of a payback schedule for the cost incurred in implementing the system or shows the
projected return on investment (ROI)
Define requirements: Requirements include:
Business requirements containing descriptions of what a system should do
Functional requirements and use case models describing how users will interact with a system
Technical requirements and design specifications and coding specifications describing how the
system will interact, conditions under which the system will operate and the information criteria the
system should meet.
Acquire software: Acquiring software involves building new or modifying existing hardware or
software after final approval by the stakeholder, which is not a phase in the standard SDLC
process. If a decision was reached to acquire rather than develop software, this task should occur
after defining requirements.
Answer D is incorrect. Risk management is planned latter in project development process, and
not during initialization.