HRM 3440 Lecture Notes - Lecture 16: Financial Industry Regulatory Authority, Chief Technology Officer, Software Development Process
23 May 2018
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HRM 3440 Lecture 16 Notes – Hess Information Systems Take the Long View and Systems
development life cycles
Introduction
• Aligning organizational goals and IS goals is critical for any successful systems
development effort.
• Because information systems support other business activities, IS staff and people in
othe depatets eed to udestad eah othe’s esposiilities ad tasks.
• Most corporations have profits and return on investment (ROI), first introduced as
primary goals.
• According to the chief technology officer for the Financial Industry Regulatory Authority,
ROI is a key eti fo tehology iitiatives, ad the usiess ase eeds to ilude
oth iitial developet osts ad suseuet aiteae osts.
• Another difficult aspect of aligning corporate and IS goals is the changing nature of
business goals and priorities.
Systems development life cycles
• The systems development process is also called a systems development life cycle (SDLC)
because the activities associated with it are ongoing.
• As each system is built, the project has timelines and deadlines, until at last the system
is installed and accepted.
• The life of the system continues as it is maintained and reviewed.
• If the system needs significant improvement beyond the scope of maintenance, if it
needs to be replaced because of a new generation of technology
• If the IS needs of the organization change significantly, a new project will be initiated
and the cycle will start over.
Hess Information Systems Take the Long View
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