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48 lines
1.2 KiB
Markdown
48 lines
1.2 KiB
Markdown
---
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title: "25-cost-benefit-analysis"
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aliases:
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tags:
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- info201
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- lecture
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---
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# justifying a project
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- of difficult to prove justification
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- three criteria
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- need
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- funds
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- strong will
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# deciding whether to pursue a project
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- what the project address
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- a problem
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- opportunity
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- directive
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- time frame
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- overall priority
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- what options do you have
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# Case study
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# Feasability analysis
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- should we build it (organisational)
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- nature and strength of need
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- strategic alignment? overall priority?
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- stakeholder support? Champion?
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- e.g., (otago uni)
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- document management system - legislated
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- student management system - mission critical
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- hard to share multimedia (otago capture) - problem
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- online teaching - opportunity
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- can we bulid it (techinical)
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- complecity (higher complexity -> higher risk)
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- familiarity and expertise (low familiarity -> higher risk)
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- size (larger -> higher risk)
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- compatitibilty (with existing systems; less -> higher risk)
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- e.g., IBM police 90's fil
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- will it be worth it (economic)
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- includes considerations of risk and uncertainty
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- may revisit due to uncertainty
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