5.22 Contrast the following terms:

Break-even analysis

present value

net present value

return on investment

Economic feasibility

legal and contractual feasibility

operational feasibility

political feasibility

schedule feasibility

Intangible benefit

tangible benefit

Intangible cost

tangible cost

5.23 List and describe the steps in the project initiation and planning process.

5.24 What is contained in a BPP? Are the content and format of all baseline plans the same? Why or why not?

5.25 Describe three commonly used methods for performing economic costbenefit analysis.

5.26 List and discuss the different types of project feasibility factors. Is any factor most important? Why or why not?

5.27 What are the potential consequences of not assessing the technical risks associated with an information systems development project?

5.28 In what ways could you identify that one IS project is riskier than another?

5.29 What are the types or categories of benefits of an IS project?

5.30 What intangible benefits might an organization obtain from the development of an information system?

5.31 Describe the concept of the time value of money. How does the discount rate affect the value of $1 today versus one year from today?

5.32 Describe the structured walk-through process. What roles need to be performed during a walk-through?