SOLUTION RATED A+
✔✔Reengineering - ✔✔Also known as 'process redesign' and 'business process
reengineering' (BPR) The radical redesign of business processes, Organizational
structures , information systems and values of the organization to achieve a
breakthrough in business results.
✔✔Continuous improvement - ✔✔Constantly seeking ways to improve business
processes to add value ltpoduds and services.
✔✔Technology Diffusion - ✔✔A measure of low widely technology is spread throughout
the organization.
✔✔Technology Infusion - ✔✔the extent to which technology is deeply integrated into an
area or department.
✔✔Applications Portfolio - ✔✔A scheme for classifying inform information systems
according the contribution they make to the organization.
✔✔Support application - ✔✔Support applications make work more convenient but are
not essential.
✔✔key Operational applications - ✔✔Key Operational applications are essential.
Without them the organization could not conduct business.
✔✔Strategical application - ✔✔A strategic application gives a firm a competitive
advantage.
✔✔future strategic application - ✔✔Futurestrategic applications are ideas for systems
which,'t fully developed and deployed , might one day become strategic applications
✔✔Alignment - ✔✔when the output from an information system is exactly what is
needed to help a company achieve its strategic goals, the two are said to be in
alignment.
✔✔Requirements engineering - ✔✔Also known as requirements analysis and
requirements capture. Identifying uhatau information system is needed (required) to do.
Once the requirements have been identified, a solution can then be designed.
✔✔Data - ✔✔Raw facts such as an employee number of total hours worked in a week.
✔✔Information - ✔✔A collection of data organized and processed so that it has
additional value beyond the rate of the individual facts.
, ✔✔Knowledge - ✔✔The awareness and understanding of a set of information and the
ways that information cawbe made useful ← support a specific task or reach a decision.
✔✔Competitive advantage - ✔✔The ability ofa firm to outperform is industry ; That IS, to
earn a higher rate off profit than the industry norm.
✔✔five-forces model - ✔✔A widely accepted model that identifies five key factors that
can lead to attainment of competitive advantage, including(i) the rivalry among existing
competitors, (ii) the threat of new entrants,(iii) the threat of substitute products and
services, (iv) the bargaining power of buyers, and (v) the bargaining power of suppliers
✔✔Strategic alliance (strategic partnership) - ✔✔An agreement between two or more
companies that involves the joint production and distribution of goods and services.
✔✔Productivity - ✔✔A measure of the output achieved divided by the input required.
Productivity = (output ÷ input) X 100%.
✔✔Return on Investment (ROI) - ✔✔One measure of IS value that investigates the
additional profits or benefits that are generated as a percentage oftk investment in IS
technology
✔✔Total cost of Ownership ( TCO ) - ✔✔The measurement of the total cost of owning
computer equipment, including desktop computers , Networks and large computers
✔✔Local Area Network (LAN) - ✔✔A computer network that connects computersystems
and devices within a small area, such as an office , home or several floors in a building.
✔✔Certification - ✔✔A process for testing skills and knowledge which results in a
statement by the certifying authority than a individual is capable of performing a
particular kind of job.
✔✔Project Scope Initiation - ✔✔Ensuring that authority and resources are committed to
developing a scope management plan.
✔✔Scope Planning - ✔✔Setting scope boundary to determine what Is and what is not
included in the Project work.
✔✔Scope Definition - ✔✔Identifying the product and project deliverables that supports
the project's MOV
✔✔Scope Vefication - ✔✔Confirming that the projects scope is accurate, Complete and
Supports the profits MOV