COMMERCE 2KA3 Lecture Notes - Lecture 8: Management Information System
24 Apr 2016
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Document Summary
Project: a planned series of related activities for achieving a specific business objective. Project management: the application of knowledge, skills, tools, and techniques to achieve specific targets within specified targets within specified budget and time constraints. Information systems plan: identifies systems projects that will deliver most business value. Key performance indicators (kpis): to develop effective information systems plan, organization must have clear understanding of both long-term and short-term information requirements. Portfolio analysis: used to evaluate alternative system projects. Scoring models: used to evaluate alternative system projects, especially when many criteria exist. Tangible benefits: can be quantified and assigned monetary value. Intangible benefits: cannot be immediately quantified but may lead to quantifiable gains in the long run. Implementation: all organizational activities working toward the adoption, management, and routinization of an innovation. Planning: create, structures and sequences of tasks; budget, time, cost, and technical resources.
