aquiring IS Flashcards
What is an IS Strategic Plan?
A long-term plan aligning IT with organizational goals for efficient resource use.
What are the three objectives of an IS Strategic Plan?
- Align with organizational goals. 2. Provide seamless IT architecture. 3. Allocate IS resources efficiently.
What is an IS Operational Plan?
A set of actionable IS projects supporting the strategic plan.
Name three elements of the IS Operational Plan.
Mission statement, application portfolio, and resource allocation.
What are the four main cost-benefit analysis methods?
Net Present Value (NPV), Return on Investment (ROI), Break-even Analysis, and Business Case Approach.
What is the key advantage of purchasing prewritten applications?
Cost and time efficiency.
What is a disadvantage of customizing prewritten software?
High complexity and costs, requiring re-customization for updates.
What is SaaS?
Software as a Service: Cloud-hosted applications accessed via subscription.
Name two risks of SaaS.
Vendor dependence and data privacy concerns.
What is outsourcing in IS acquisition?
Hiring a third party to develop, maintain, and operate software.
What is the main benefit of custom development?
Tailored solutions that perfectly fit specific processes.
What are the six phases of the SDLC?
Investigation, Analysis, Design, Programming and Testing, Implementation, and Maintenance.
What is the goal of the SDLC Investigation phase?
To conduct a feasibility study assessing technical, economic, and behavioral factors.
What is the primary deliverable of the SDLC Analysis phase?
The System Requirements Document.
Name the four conversion strategies in the SDLC Implementation phase.
Parallel, Direct, Pilot, and Phased.