QUIZ 1 Part 5 (M1S1) Flashcards
an examples of Flow system model
PERT
meaning of PERT
Program Evaluation and Review Technique
it is used to abstract a real-world system in model form, manipulate specific values to determine the critical path, interpret the relationships, and relay them back as a control.
PERT
this type of model exhibits one pair of relationships such as activity-time or cost-quantity.
Static system model
example of a static system model
Gantt chart
Categories of information
- Strategic information
- Tactical or managerial information
- Operational information
3 level of management
- top level management
- middle level management
- lower level management
they make decision affecting the entirety of firm
Top Level Management
they are responsible for carrying out the goals set by top management.
Middle Level Management
they are responsible for the daily management of line workers the employees who produce the product or offer the service.
Lower Level Management
- Big Picture and long term focus
- Vision, Mission, Why, Policies and Direction
- Executive Management
- what is the right decision for the company.
Strategic
- short term focused
- Focused on specific business department
- Middle Management
- what activities to be planned in strategic alignment?
Tactical/Managerial
- focused on day to day running
- detail level processes for specific outcome
- Execution by teams and managers
- are we acting in alignment with strategy?
Operational
Types of information Systems
- EIS (EXECUTIVE INFORMATION SYSTEM)
- Decision Support System
- Management information System
- Transaction Processing System
it is used by EXECUTIVES for strategic decisions.
EIS - Executive information system
