Development of information system, Computer Engineering

Assignment Help:

Development of information system must be considered as capital investment: The developer of an information system must think about different solutions of a particular problem and each solution must be evaluated for risk management and cost-effectiveness. Cost-effectiveness is defined as the result attained by striking a balance between cost of developing and operating an information system and benefits derived from that system. Risk management is stated as the process of identifying and evaluating as well as controlling what might go wrong in a project before it turns out to be a threat to successful completion of project or implementation of information system.

Multiple feasibility checkpoints must be built into system development methodology. At every feasibility checkpoint, all costs are considered sunk (which means not recoverable). So the project must be re- evaluated at every checkpoint to determine if it remains feasible to continue investing effort, time and resources. At every checkpoint, developers must consider the below options:

  • Cancel the project if it's no longer feasible.
  • Re-evaluates as well as adjusts the cost and schedule if project scope is to be increased.
  • Decrease the scope if project schedule and budget are frozen and not sufficient to cover all project objectives.

 


Related Discussions:- Development of information system

Entrepreneurship, explain succession planning and strategies for harvesting...

explain succession planning and strategies for harvesting and ending the venture

Interpeter, diifference between pure and impure interpeter

diifference between pure and impure interpeter

Explain bitwise left shift and right shift operators, Bitwise Left Shift an...

Bitwise Left Shift and Right Shift Operators: > shift-expression : additive-expression shift-expression > additive-expression The bitwise shift operators shift their

4 variable k-maps, 4-variable K-maps have 16 squares which arearranged in 4...

4-variable K-maps have 16 squares which arearranged in 4 columns and 4 rows.  Columns and rows are labeled with 2 variables. The rows are arranged so that C or D ch

Explain design of adder, Q. Explain Design of adder? Adders play one of...

Q. Explain Design of adder? Adders play one of the most significant roles in binary arithmetic. As a matter of fact fixed point addition is frequently used as a simple measure

What are qualified associations, What are qualified associations? A qua...

What are qualified associations? A qualified association is an association in which an attribute known as the qualifier disambiguates the object many associated end.

When gravity is the merely force acting on an object, Q. When gravity is th...

Q. When gravity is the merely force acting on an object the object is in what? Answer:- One respond is that it is in free-fall in a vacuum to eliminate atmospheric drag.

Explain the use of functions in parallel programming, Q. Explain the Use of...

Q. Explain the Use of functions in parallel programming? include "pvm3.h" main() {    int cc, tid, msgtag;    char buf[100];    printf("%x\n", pvm_mytid());

Explain data mining, Data Mining is an analytic method designed to explore...

Data Mining is an analytic method designed to explore data and then to validate the findings by applying the detected patterns to latest subsets of data.  The ultimate goal of dat

What is divide overflow, What is divide overflow?  The division operati...

What is divide overflow?  The division operation might result in a quotient with an overflow. Overflow happens when the length of the registers is finite and will not hold a nu

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd