S11_AP_Answer - Session 11, A & P, Answer Guide A) Identify...

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
A) Identify four common approaches to budgeting and describe how each could be [See text, page 306] 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
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 10/04/2011 for the course ADMS 2511 taught by Professor Jiu during the Fall '09 term at York University.

Ask a homework question - tutors are online