S11_AP_Answer - Session 11, A & P, Answer Guide needs...

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needs to be updated A) Identify four common approaches to budgeting and describe how each could be [See text, page 306] new text pg Net Present Value: - to determine if the net present value of the benefits exceed the costs - appropriate for tangible (quantifiable) costs and benefits Return on Investment (ROI): - used to evaluate the effectiveness of the proposed systems to generate a return greater than a specific desired return Breakeven analysis: - used to determine how long it will take to recover the cost of the investment (if the time involved is low enough, then the development proceeds) Business case approach: - helps the organization evaluate and assess how the proposed system fits into organizational needs and helps the company meet its strategic objectives B) Provide examples of how user involvement could improve the quality of the software. - users should help identify how problems can be solved and approve the solutions
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S11_AP_Answer - Session 11, A & P, Answer Guide needs...

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