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What is Information?
Information is derived from the Latin word 'inform' and can be treated as a tangible and intangible entity.
Who visualized Information as a thing, knowledge, or process?
Michael Buckland (1991) visualized Information as a thing, knowledge, or process.
What are examples of Information as a thing?
Documents and data such as journals, newspapers, financial documents, online publications, medical records, and survey data.
How does misinformation affect knowledge?
Wrong Information leads to Wrong Knowledge and misinterpreted information leads to flawed knowledge.
What is the DIKW hierarchy?
Data, Information, Knowledge, Wisdom hierarchy is a framework for understanding the relationships among these concepts.
What is Exploratory Analysis?
An analytic process that summarizes main characteristics of data, checking assumptions, and testing hypotheses.
What is IS Planning?
Information Systems (IS) Planning is the process of deciding what will be done, who will do it, and when, focusing on business benefits.
What is the Boston Square (BCG Matrix)?
A framework that brings together the Product Life Cycle and the relationship between Market Share and Profitability.
What are the four stages of the Product Life Cycle?
Initiation, Growth, Maturity, and Decline.
What is the role of a Project Manager in Planning?
The Project Manager is responsible for planning, execution, and controlling project activities.
What is the purpose of PERT/CPM in project management?
PER/CPM helps project managers plan, schedule, and control IS project activities.
What are the characteristics of a good Project Management Plan?
Defines project boundaries, provides logical breakdown, and supports mission and objectives.
What influences project management success?
Customer satisfaction, user involvement, top management support, and competent team members.
What happens during project closure?
Closure facilitates transition into normal operation and includes formal acceptance by the user and recognition of achievement.
What is Scope Management?
Scope Management involves defining the boundaries of a project and what is included or excluded.
What are the three generic competitive strategies suggested by Michael Porter?
Differentiated strategy, Cost leader strategy, Focused niche strategy.
What is a key characteristic of effective Project Managers?
Effective Project Managers communicate well, interact humanely and have creative problem-solving skills.
What are the risks classified under Project Management?
Internal risk, External risk, Tangible risk, Intangible risk, Technical risk, Non-technical risk.
What does the term 'Slack' refer to in project management?
Slack refers to the amount of time that a task can be delayed without affecting the subsequent tasks.
What risks might a project manager assess?
Risks that could cause problems, delays, or prevent completion, often assessed by expert interviews or previous case documentation.
What methods could be used to assess potential project risks?
Methods include expert interviews, PERT/CPM for estimation, previous case documentation, and computer simulation.
