Describe the major factors that project management for information systems must deal with

What will be an ideal response?

Project management for information systems must deal with five major variables: scope, time, cost, quality, and risk. Scope defines what work is, or is not, included in a project. For example, the scope of a project for a new order processing system might include new modules for inputting orders and transmitting them to production and accounting, but not any changes to related accounts receivable, manufacturing, distribution, or inventory control systems. Project management defines all the work required to complete a project successfully and should ensure that the scope of a project not expand beyond what was originally intended. Time is the amount of time required to complete the project. Project management typically establishes the amount of time required to complete major components of a project. Each of these components is further broken down into activities and tasks. Project management tries to determine the time required to complete each task and establish a schedule for completing the work. Cost is based on the time to complete a project multiplied by the daily cost of human resources required to complete the project. Information systems project costs also include the cost of hardware, software, and work space. Project management develops a budget for the project and monitors ongoing project expenses. Quality is an indicator of how well the end result of a project satisfies the objectives specified by management. The quality of information systems projects usually boils down to improved organizational performance and decision making. Quality also considers the accuracy and timeliness of information produced by the new system and ease of use.