CMIS 526 Final Exam Questions & Answers 2024/2025

CMIS 526 Final Exam Questions & Answers 2024/2025 What does it mean to make the business case? - ANSWERSMaking the case is a process of identifying, quantifying, and presenting the value provided by a system. How does a manager make a business case? - ANSWERSManagers have to build a strong, integrated set of arguments and evidence to prove that an investment is adding value to the organization or its constituents. How is the business case used for a proposed system? How is the business case used for an existing system? - ANSWERSThe business case will be used to determine whether the new system is a "go" or "no-go." It will be used to determine whether the company will continue to fund the system for an existing system. What is the main business can objective? - ANSWERSThe goal is to ensure that the investment adds value, that it helps the firm achieve its strategy, and competitive advantage over its rival and that money is being spend wisely. While it is easy to quantify the costs associated with developing an information system, it is often difficult to quantify tangible productivity gains from its use. Why? - ANSWERSThis is because information systems may have increased productivity but other forces may have simultaneously worked to reduce it; the end results being difficult to identify. Government regulations, more complex tax codes, stricter financial reporting requirements, etc. can all have major impacts on a firm's productivity. It is true that information systems introduced with the best intentions may have had unintended consequences. What is an example of this? - ANSWERSMany companies give employees access to e-mail and the Internet. Now employees are spending excessive amounts of time surfing the web, reading junk mail, posting on social media, etc. This wastes billions of dollars lost in productivity each year. What are some of the reasons that have been given for the apparent productivity paradox? - ANSWERSmeasurement, time lags, redistribution, and mismanagement