1.A software development project was estimated to be completed in 6 months with a budget of $500,000. At the end of 7 months, the project was 80% complete with $550,000 spent. The project manager considered this a failure. Do you agree with this assessment? 2.A software development team was tasked with developing a new e-commerce platform. During the requirements gathering phase, the team identified conflicting requirements from different stakeholders. The team then conducted a series of meetings with stakeholders to resolve the conflicts and update the requirements. However, the process took longer than expected, and the project schedule was impacted. Do you think this approach was appropriate, or should the team have prioritized meeting the original schedule? 3.A software development project has a product backlog that is estimated at 1200 story points. The team's velocity per sprint is 80 story points, and each sprint is 2 weeks long. How many sprints will it take to complete the project, and approximately how long will it take to complete the project?

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Approaches used in acquiring Information System

An Information System (IS) is the combination of hardware, communication network, people, software, and data resources that collects, manipulates, and disseminates information to provide feedback to address the objective. For organizations and businesses, the information system is a vital component.