ITM 100 Study Guide - Final Guide: Electronic Data Interchange, Computer-Aided Software Engineering, Secure Electronic Transaction

• School: Ryerson University
• Department: Information Technology Management
• Course: ITM 100
• Professor: Ron Babin

Document Summary

The big four is development questions the four questions an organizations needs to address before implementing a new is for itself. Financially feasibility if the company is able to pay for the project. Best matching of an is with an organizations requirements, complete control over system, obtains a competitive advantage because they are hard to copy if custom built. But building is a very long and costly process: buying. Faster and less costly then building an is from scratch. Little/no competitive advantage, compromise on features, dependant on. Lowest and fastest to put in place, vendors maintain it, does not require an in- house staff. No competitive advantage, no control over system features, dependent on vendor for entire is, can get locked in undesirable contracts. When they choose to build, they have to decide on this question. Retains complete control of project, builds internal knowledge through learning and experience.