Question

Imagine you have just been hired as Chief Technology Officer (CTO) for a small but growing e-commerce business. As you delve into the priorities and budget for the coming year, you see that the budget is not nearly enough to cover the minimum projects that your team has been charged with completing. On top of this, your request to hire a project manager was recently denied, since the Chief Executive Officer (CEO) believes that if her company hires the right people, project management isn’t necessary. You are meeting with the CEO next week.

Address the following questions: What talking points, rationale, and evidence would you use to convince her that Information Technology (IT) projects are organizational investments? Why is it important to define the scope, schedule, budget, and quality control objectives across the project lifecycle (PLC)? How will you outline the consequences of not managing IT projects? Feel free to get creative as you “script out” the talking points.

Answer 1

Q1): evidence:

1. No clear requirements given at the begining.

2. Requirements kept changing till the date of submission of the project

3. Project manager hiring request denied

Q2): for everything there is a process as we can't calculate the salary of a person with the person has actually worked. Same way if we dindo follow a cycle for project's we may not be able to achieve the target.

This is the reason we have project lifecycle where we get the requirements and analyse them that how much time it can take what are the skills required for the same do we have the bandwidth for it or not, how much man power and hour required for the same, the window will be kept for rectification of any issue, what could be the possible budget for it. Also we take a sign of on the scope of the project.