Information Systems Strategy
Describe four (4) ways IS can help organizations develop a competitive advantage? -
ANS-1) Reduce Cost
2) Enhance or improve products
3) Lock in suppliers
4) Lock out competitors
What are three (3) global challenges and limitations of technology? - ANS-1) Local
practices
2) Design differences
3) Political, legal, and human resources factors
Discuss the role of the Chief Information Officer (CIO) - ANS-1) Oversees the use of
information technology functions
2) Takes responsibility for strategic IS planning
3) Takes responsibility for ensuring that all IS plans, systems, and operations support
the overall strategy
4) acts as the major link betweek vendors and partner
What is cloud computing? - ANS-A model of computing in which firms and individuals
obtain computing power and software applications over the Internet, rather than
purchasing their own hardware and software.
What does Moore's Law describe? - ANS-The pace of change in hardware development
1) power of microprocessors doubles every 18 months
2) computing power doubles every 18 months
3) price of computing falls by half every 18 months
What are three main competency areas for CGA's? - ANS-1) Leadership
2) Professionalism
3) Professional knowledge
What does IT governance specify? - ANS-The assignment of decision rights and an
accountability framework to ensure that IT/IS supports the organization's strategies and
objectives.
What is COBIT? - ANS-COBIT (Control Objectives for Information and Related
Technology) is the framework developed by the Information Systems Audit and Control
, Association (ISACA). COBIT is a series of components that assist organizations to
increase regulatory compliance and control over IT, integrate global IT standards, and
reduce business risks.
What are five key components of COBIT? - ANS-1) Framework to organize IT
governance practices by process and then link them to the actual business needs of the
organization
2)Mapping of business process descriptions and templates
3) Control objectives that support effective security and control over IT processes
4) Guidelines to maintain focus on objectives, performance measures, and the
integration of IT governance measures with other areas of governance
5) Maturity models to support process benchmarking and continuous improvement
What is COSO? - ANS-COSO (The Committee of Sponsoring Organizations of the
Treadway Commission) is a framework that provides executive management the ability
to assess and enhance internal controls in order to improve risk management.
What are the five (5) key framework components of COSO? - ANS-The control
environment that establishes the processes for managing and developing employees in
an organization.
The control activities that are directives to ensure management policies and procedures
are followed.
Information and communications policies developed to ensure governance
compliance. Risks assessments from both internal and external sources including
objectives to manage the risks.
What are five (5) broad classes of IT decisions made within companies? - ANS-1) IT
infrastructure
2) IT principles
3) IT architecture
4) Business application needs
5) IT investment
What are six (6) frameworks used to make IT decisions? - ANS-1) Business monarchy
2) IT monarchy
Describe four (4) ways IS can help organizations develop a competitive advantage? -
ANS-1) Reduce Cost
2) Enhance or improve products
3) Lock in suppliers
4) Lock out competitors
What are three (3) global challenges and limitations of technology? - ANS-1) Local
practices
2) Design differences
3) Political, legal, and human resources factors
Discuss the role of the Chief Information Officer (CIO) - ANS-1) Oversees the use of
information technology functions
2) Takes responsibility for strategic IS planning
3) Takes responsibility for ensuring that all IS plans, systems, and operations support
the overall strategy
4) acts as the major link betweek vendors and partner
What is cloud computing? - ANS-A model of computing in which firms and individuals
obtain computing power and software applications over the Internet, rather than
purchasing their own hardware and software.
What does Moore's Law describe? - ANS-The pace of change in hardware development
1) power of microprocessors doubles every 18 months
2) computing power doubles every 18 months
3) price of computing falls by half every 18 months
What are three main competency areas for CGA's? - ANS-1) Leadership
2) Professionalism
3) Professional knowledge
What does IT governance specify? - ANS-The assignment of decision rights and an
accountability framework to ensure that IT/IS supports the organization's strategies and
objectives.
What is COBIT? - ANS-COBIT (Control Objectives for Information and Related
Technology) is the framework developed by the Information Systems Audit and Control
, Association (ISACA). COBIT is a series of components that assist organizations to
increase regulatory compliance and control over IT, integrate global IT standards, and
reduce business risks.
What are five key components of COBIT? - ANS-1) Framework to organize IT
governance practices by process and then link them to the actual business needs of the
organization
2)Mapping of business process descriptions and templates
3) Control objectives that support effective security and control over IT processes
4) Guidelines to maintain focus on objectives, performance measures, and the
integration of IT governance measures with other areas of governance
5) Maturity models to support process benchmarking and continuous improvement
What is COSO? - ANS-COSO (The Committee of Sponsoring Organizations of the
Treadway Commission) is a framework that provides executive management the ability
to assess and enhance internal controls in order to improve risk management.
What are the five (5) key framework components of COSO? - ANS-The control
environment that establishes the processes for managing and developing employees in
an organization.
The control activities that are directives to ensure management policies and procedures
are followed.
Information and communications policies developed to ensure governance
compliance. Risks assessments from both internal and external sources including
objectives to manage the risks.
What are five (5) broad classes of IT decisions made within companies? - ANS-1) IT
infrastructure
2) IT principles
3) IT architecture
4) Business application needs
5) IT investment
What are six (6) frameworks used to make IT decisions? - ANS-1) Business monarchy
2) IT monarchy
