13 Flashcards
application portfolio
prioritized list of both existing and potential IT applications. Helps to determine if existing applications need to be modified or if new applications need to be added.
organization strategic plan
identifies firms overall mission, and the goals/steps to accomplish the mission.
IT Architecture
describes how an organization should use its resources to accomplish its mission
IT Strategic Plan
set of long-range goals. Describes IT infrastructure, identifies major IT initiatives to achieve organizational goals.
IT Steering Committee
group of managers representing various organizational unites and establishes IT priorities. Links corporate strategy with IT strategy.
IS Operational Plan
clear set of projects that will be executed in support of the IT strategic plan.
How will you evaluate and justify IT investments?
Assess benefits, costs, and issues (cost-benefit analysis)
SDLC
Systems Development Life Cycle
Cost-benefit Analysis
calculate costs, assess benefits and value. Then compare.
Net Present Value NPV
compares present value of future benefits to the cost. Do the benefits exceed the cost?
Return on Investment ROI
measures mgmt effectiveness in generating profits with available assets. Net income divided by average invested assets. It is a percentage. The higher the better.
Break Even Analysis
do benefits equal the investment?
Business Case Approach
system developers write a business case to justify funding for applications or projects. These cases describe what to do and how.
ASP Application Service Providers
vendor who assembles the software and packages it with services. The customer accesses these apps through the internet
Software As Service Vendors Saas
method of delivering software. Vendor hosts apps, provides them as a service over a network (typically the internet)
Using Open Source Software
same as normal application but with license to operate
Outsourcing
acquiring goods (such as IT applications) from outside contractors/external organizations. Offshoring- sometimes these operations are relocated.
Systems Developement Life Cycle
traditional method for large-scale IT projects. Structured framework with a sequential process by which information systems are developed. (SEE GRAPH)
Systems Analysis
IS professionals. Analyze and design IS.
Programmers
IS professionals. Modify existing computer programs or write new ones to meet requirements.
Technical specialists
experts on a specific type of technology
Systems Stakeholders
everyone who can be affected by changes in a company’s IS. Ie users and managers.
Feasibility Study
analyses which of these three solutions will best fit the business problem/opportunity