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Unformatted text preview: BSAD EXAM II Assess Project Feasibility (Identify each criterion and discuss) Economic Feasibility A process of identifying the financial benefits and costs associated with a development project. Cost-benefit analysis Worksheets Technical Feasibility A process of assessing the development organization’s ability to construct a proposed system Operational Feasibility The process of assessing the degree to which a proposed system solves business problems or takes advantage of business opportunities Schedule Feasibility The process of assessing the degree to which the potential time frame and completion dates for all major activities within a project meet organizational deadlines and constraints for affecting change. Legal and Contractual Feasibility The process of assessing potential legal and contractual ramifications due to the construction of a system. Political Feasibility The process of evaluating how key stakeholders within the organization view the proposed system. Competitive Strategies (Be able to list and discuss) The method by which the organization attempts to achieve its mission and objectives-Main types: Low-cost producer Product differentiation Product focus or niche Low-Cost Producer- This strategy reflects competing in an industry on the basis of product or service cost to the consumer. For example, in the automobile industry, the South Korean Hyundai is a product line that competes on the basis of low cost. Product Differentiation- This competitive strategy reflects capitalizing on a key product criterion requested by the market (for example- high quality, style, performance). In the automobile industry, many manufacturers are trying to differentiate their products on the basis of quality. Product Focus or Niche- This strategy is similar to both the low-cost and differentiation strategies but with a much narrower market focus. For example, a niche market in the automobile industry is the convertible sports car market. Within this market, some manufacturers may employ a low-cost strategy while others may employ a differentiation strategy based on performance or style. Tangible and Intangible Benefits (Be able to identify) Tangible a benefit derived from the creation of an information system that can be measured in dollars and with certainty. reduced personnel expenses, lower transaction costs, higher profit margins cost reduction and avoidance, error reduction, increased flexibility, increased speed of activity, improvement of management planning and control, opening new markets and increasing sales opportunities Intangible a benefit derived from the creation of an information system that cannot be easily measured in dollars or with certainty Tangible and Intangible Costs (Be able to Identify) Tangible Costs a cost associated with an information system that can be measured in dollars and with certainty hardware costs, labor costs, operational costs Intangible Costs...
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This note was uploaded on 10/17/2009 for the course ISOM 4263 taught by Professor Griffin,d during the Spring '08 term at University of Central Oklahoma.
- Spring '08