Systems Planning: Project Charter Objectives - Critically observes surroundings to recognize the opportunity. - Explores multiple solution paths. - Gathers data to support and refute ideas. - Applies technical skills/knowledge to the development of a technology/product. - Focuses on understanding the value proposition of a discovery. - Articulates the idea to diverse audiences. - Identies and works with individuals with complementary skill sets, expertise, etc. Topic Strategic planning is identifying long-term organizational goals, strategies, and resources. A strategic plan looks beyond day-to-day activities. An organization's strategic goals are supported by Information Technology (IT). Business Departments will create a Business Case to justify their projects. The IT Department will use the Business Case to create a Project Charter to start the System Development Life Cycle. There are many development methods for developing information systems. The range is from Structured Analysis (Waterfall) to Agile methods (SCRUM). IT experts agree that no single development method is best in all cases. Structured Analysis is based on an overall plan called a predictive approach (for example, a construction company uses a blueprint for constructing a building). Agile methods develop a system incrementally by building prototypes and constantly adjusting them to user requirements. Regardless of the development method, people, tasks, timetables, and costs must be managed effectively. Complex projects can involve dozens of people, hundreds of tasks, and thousands of dollars. Project management is the process of planning, scheduling, monitoring, controlling, and reporting on the development of an information system. Developing a project charter involves assessing the feasibility based on the given constraints and planning the project at a high level. An ofcial sign-off/approval allows the allocation of money and resources and thus supplements the development of a detailed project plan. The project charter is a project initiation tool that denes high-level objectives, scope, risks, assumptions, constraints, and requirements. A project charter is a short document used in planning to outline a project's key aims and benets. It's an ata-glance guide to why a project is taking place. It's used both as a marketing tool, useful to get buy-in from stakeholders, and as a reference point to keep the project on track. Company Business Case IniTech Solutions is growing rapidly and has realized their need to automate their Asset Management Process. Business Case has the executive summary and audit results: IniTech Solutions Business Case 2022 .docx Here are the interviews for the Information Technology Asset Management System (ITAM) ITAM Introduction Powerpoint.pdf L Introduction Transcript.docx 0:00 / 2:04Project Charter Items 1. Company History: Describe the company history and the audit issues. 2. Problem Statement concisely describes "what is" the business problem in one sentence. Do not add any explanation. 3. Technology Solution Statement concisely describes "what is" the technology solution in one sentence. Do not add any explanation. 4. Project Benets: Focus on the value proposition of the technology solution. List 3 benets of the technology solution (bullet format). The benets are required to be quantiable. Example: Reducing turnaround of fullling customer requests from 48 to 24 hours. 5. Stakeholders: Executives track trends and events that inuence their decisions on the benets of a technology solution. Identify three stakeholders and explain which factor (political, economic, social, technological, environmental, legal) inuences their decision to support your technology solution and why. Factors that Inuence Stakeholders. In the business case is the list of project stakeholders. You are encouraged to research the roles and titles to help you explain the inuence factors. 6. High-Level Project Plan: List the major phases and dates of the SDLC for the entire project. (see What is SDLC? Ea) The project starts on the lst Monday in November of this year and will be implemented in August 2024. 7. Technology Tools: Explain the technology tools that will be used to develop and implement the technology solution. Explain the reason for your choices. 8. Current Solutions: What is currently in the market to solve the business problem? Research any commercial-off- the-shelf (COTS) products that could solve the business problem and briey describe each. Include the pros and cons of using a commercial-off-the-shelf (COTS) technology over an in-house or onprem solution. Assignment You are the IT Project Manager for IniTech Solutions in the IT Department. Create a Project Charter using the provided business case with all the above items. 1. Create a Word document that has all the Project Charter items. 2. The minimum word count is 1 500 (excluding the title page, references, and diagrams). 3. Required to use the System Planning- Project Charter template: \\ Make sure you update the Table of Contents to ensure that your subheadings are updated into the Table of Contents (Table of Contents is a feature in Word, make sure you learn how it works). 4. APA Mechanics are required: 0 Provide Title Page 0 Provide a Table of Contents that uses the sub-headings (there is a Table of Contents feature in Word). 0 Provide a minimum of 2 References with corresponding citations. Remember you are required to support your