Lecture 3

Question 1

What is a management information system or MIS?

Answer 1

Takes data from transaction processing systems base
(Accurate, Timely, Complete)
Produces summaries and statistics (Relevant, Complete)

Question 2

What is a decision support system?

Answer 2

An interactive system that helps 	managers come to a decision
Enables exploration
 Answers "What if …" questions
 May take data from TPS or MIS
 May use models or simulations

Question 3

Who are corporate stakeholders?

Answer 3

Corporate stakeholders: a person, group or organisation who affects/ is affected by an organization’s actions

Question 4

Who are project stakeholder?

Answer 4

Project stakeholders: a person, group or organisation with an interest in a project

Question 5

Why use stakeholder analysis?

Answer 5

Identify relevant stakeholders that may be affected by a project/organisation
Assess how they may be impacted by change
Identify who should be consulted and the barriers that may prevent them from participating fully
Establish how their requirements should be interpreted
Assure successful outcome for the project

Question 6

Learn the chart

Answer 6

Hi Hi Hi -The defintive stakeholder
Hi Hi Low- dominant
Hi Low Hi - dangerous
Low Hi Hi - dependant