Chapter 13 - Acquiring IS and Applications

Question 1

What is SDLC?

Answer 1

Software Development Life Cycle - A methodology with clearly defined processes for creating high quality software

Question 2

What is the Organizations Strategic Plan?

Answer 2

Identifies the organizations overall mission, the goals that follow from that mission, and the steps to reach each goal

Question 3

What is IT Architecture?

Answer 3

The way an organization should utilize it’s information resources

Question 4

What is the IT Strategic Plan?

Answer 4

A set of long-range goals that describe the IT infrastructure and identify the major IT initiatives needed to achieve the organization’s goals

Question 5

What is an IS Operational Plan?

Answer 5

A clear set of projects in support of the IS strategic plan

Question 6

What is the NPV Method?

Answer 6

Net Present Value - Converts future value of benefits to their present value equivalent

Question 7

What is ROI?

Answer 7

Return On Investment - Measures managements effectiveness in generating profits with its available assets

Question 8

What is Break-Even Analysis?

Answer 8

Determines the point at which the cumulative dollar value of the benefits from a project equals the investment made in the project

Question 9

What is the Business Case Approach?

Answer 9

System developers write a business case to justify funding one or more specific applications

Question 10

What is ASP?

Answer 10

Application Service Provider - An agent or a vendor that assembles the software needed by enterprises and then packages it with services such as development, operations, and maintenance

Question 11

What is SaaS?

Answer 11

Software as a Service - A method of delivering software in which a vendor hosts the applications and provides them as a service to customers over a network