AFM241 Chapter Notes - Chapter 1: Block Chain, Bitcoin, Hype Cycle

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lemonbeetle804

23 Aug 2018

School

University of Waterloo

Department

Accounting & Financial Management

Course

AFM241

Professor

all

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Document Summary

Information technology: the development, maintenance, and use of computer systems, software, and networks for the processing and distri bution of data. Information systems: the information technology infrastructure, data, application systems, and personnel services in an organization. In addition, the management of the organizational function in charge of planning, designing, developing, implementing, and operating the systems. Use of it: organizations use it to capture, store, manipulate, and present data in order to support the firm"s business processes and value adding activities. Cost of it: it constitutes an investment that an organization makes, and like all investments, the hope is that the present value of future benefits will be more than the cost (positive npv). Operating it expenditures: expenditures on maintaining already operational. It technology, by maintaining current infrastructure and ensuring it is running efficiently. Capital it expenditures: expenditures on new it projects th at have the potential to transform the way a business functions and competes.

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Case StudyâA Practical Approach to Information CommunicationsTechnology IT Governance Committee: Assume that you are part of thehighly qualified IT Governance Committee employed by one of theUSâs largest pizza company named as âMamaâs Pizzeriaâ a pizzacompany which is internationally recognized and one of thedelicious pizza company globally. Your IT Governance team comprisesof 5 members who are as follows: IT Governance team Member 1 -Chief Executive Officer (CEO) Member 2 - Chief Financial Officer(CFO) Member 3 - Chief Marketing Officer(CMO) Member 4 - ChiefInformation Officer(CIO) Member 5 - Chief Technology Officer CTO)Your IT Governance Committee is in-charge of governing the overalldevelopment and operation of IT/IS systems and has severalimportant responsibilities such as: ï Aligning IT investments tobusiness strategy. Investing funds and resources in the mostbeneficial IT systems will enhance the long-range goal of achievingthe business strategy. ï Budgeting funds and personnel for the mosteffective use of the IT systems. ï Overseeing and prioritizingchanges to IT systems. Within organizations, many user groups willconcurrently request improvements or changes to their sub- systemwithin the IT system and prioritizing these requests according tothe best match to the business strategy and the feasibility ofdesigning, developing and implementing the necessary changes. ïDeveloping, monitoring and reviewing all IT operational policies.The organization will maintain policies and descriptions ofprocedures for operating and developing its IT systems. ïDeveloping, monitoring and reviewing security policies. Theorganization will maintain policies and descriptions of proceduresrelated to security. ï Establishing systems development processthat controls the initiation, approval, development and maintenanceof those changes. This process called the systems development lifecycle (SDLC) can be generally described as the systematic stepsundertaken to plan, prioritize, authorize, oversee, test andimplement large-scale changes to the IT system. Your IT GovernanceTeam comprising of the above membersâ and positionsâ has beenengaged to carry out its duties as per the requirements in thesections hereafter. Section 4 â To be completed by the âChiefInformation Officerâ of the IT Governance Team You are the ChiefInformation Officer of Mamaâs Pizzeria involved as part of the ITGovernance team to provide your opinion and solutions for thefollowing questions: This section presents a process map (Exhibit4.1), a document flowchart (Exhibit 4.2), and a data flow diagram(Exhibit 4.3) for a small, local restaurant. In those exhibitsmanual records and documents as well as manual processes aredepicted. On the basis of the case information and the 3 exhibitsmentioned, complete the following requirements: Required: To answersome of the questions here, you may have to do research about ERPsystems on the Internet. One example of a website with informationabout accounting software is www.accountingsoftware411.com orwww.2020software.com 4. What advantages could Mamaâs Pizzeriaexpect by upgrading to an ERP system? 5. As Mamaâs Pizzeriaconsiders modules to purchase, which four or five modules do youbelieve would be most critical? Why? 6. Which method ofimplementation of an ERP system do you suggest for Mamaâs Pizzeria?Why? 7. Recommend two or three ERP systems that would beappropriate for Mamaâs Pizzeria. be specific with respect to thename of the ERP software system and the provider company. Whenmaking these recommendations consider the size of Mamaâs Pizzeriaand, therefore, what it might be able to afford.

Blood Donation Group (BDG) is a nationally recognized organization and one of the largest Australian companies in the blood supply chain industry. BDG was established in 1990 and has 50 branches all over Australia. The major activity of BDG is supplying blood products for hospitals. BDG main departments are:

a) The Marketing Department that motivates and recruits blood donors and predicts the demand for blood supply
b) The Quality Control and Assurance Department that ensures all regulatory requirements, policies and procedures are met to supply safe blood products.
c) The Blood Stock Management and Transfusion Services Department that is responsible for the blood product delivery and supply.

BDG has implemented an enterprise resource planning (ERP) system that integrates the functions and resources of information systems. The ERP system has been installed at the headquarter site on a local (in-house) server and all critical information about the donors and recipients are stored in a secure data warehouse.

The CEO, Dr. White, has recently received reports about some issues regarding the information systems used by BDG that include:

Issue 1: The cost of maintaining and updating the ERP system has increased. The current hardware, networks, and servers will need to be upgraded to be able to deal with a higher level of transactions.

Issue 2: BDG has planned to add 10 new branches that will require more technology infrastructure costs

Issue 3: Even though the ERP system has integrated existing information systems, there are issues such as timely access to donorsâ data and location tracking and communication.

Issue 4: The current CRM system is not integrated with social media that makes it difficult to recruit blood donors in younger age groups.

Issue 5: Emergency blood supply was delayed due to the inability of the information system to track donors and ask them to provide an urgent blood donation.

QUESTION:
Investigate how organisations evaluate the benefits and challenges of Cloud adoption. Include specific examples from the literature.

pucebear535

Chapter 14 Running Case Assignment: Improving Decision Making:Using

Spreadsheet Software to Analyze the Return on a New SystemInvestment

Software skills: Spreadsheet formulas and functions

Business skills: Capital budgeting

This project provides you with an opportunity to use spreadsheetsoftware to use the

capital budgeting models discussed in this chapter to analyzethe return on a new

information system investment for a real-world company.

Dirt Bikesâs management would like to analyze the return on itsinvestment in its

employee training and skills tracking system described inChapter 13. The system runs on

the human resources specialistsâ PCs using PC database software.Because the entire

corporate administrative staff recently received new desktop PCsystems with database

and other productivity software, there are no additionalhardware and software purchase

costs. The main costs include the initial cost of designing andimplementing the database

(business staff cost of $5,000; information systems staff costof $15,000), gathering and

adding employee skills and training data to the database ($5,500initial data conversion

cost plus $1,000 annual data entry costs), and ongoingmaintenance and support ($3,000

annually). Human resources staff members believe the newapplication could save each

of them two hours of work per week. (Their annual salaries are$37,000 and $42,000

each.) The company would also save about $11,000 annually inemployee recruiting costs

because it would be able to fill many vacant positions withexisting employees, thereby

reducing its costs for recruiting outside the company. Thesystem would not be installed

until the end of 2014 and would return benefits from 2015 to2019.

ï· Prepare a business report for management analyzing the returnon the investment

for this system over a five-year period using the followingcapital budgeting

models: net present value, return on investment (ROI), internalrate of return

(IRR), and payback method. Assume a 5 percent interest rate foryour net present

value calculations. Use spreadsheet software for yourcalculations. 40 hours working per week

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AFM241 Chapter Notes - Chapter 1: Block Chain, Bitcoin, Hype Cycle

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