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CIS 317 CH1.docx - CIS 317 Chapter 1 Notes Information...

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CIS 317 Chapter 1 Notes Information systems: integrating information technology solutions and business processes to meet the information needs of business and other enterprise. AITP – CIS ACM – CS IEEE Example of business processes: Hiring Review sales Create plans Executive decisions Submit purchasing order ~Feasibility Analysis Detailed business case for the project Technical “Can we build it?” Economic – cost and benefits and determine cash flow (BEP, cash flow, ROI) o Costs- development, operational o Benefits- tangible and intangible o ROI = (total benefits – total cost) / total costs o Present value (PV) = cash flow amount / (1 + rate) ^n Where ‘n’ is the years and rate = interest/discount Organizational – “If we build it, will they come?” o Strategic alignment o Evaluate effect on various stakeholders Chapter 2 AA-Sabre Project Selection Methods o Simple weighted sum method (multi-criteria analysis) o Rank analysis method
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