Achieving Alignment: Difficulty of business-MIS alignment: Due to the communication gap between the officials who handles business and IT, it is very difficult to align business with IT. In addition, IT environment is changing rapidly which makes difficult for business to incorporate all changes easily.

Question

Want to see more full solutions like this?

Answer 1

Question

Chapter 5, Problem 2AYK

a.

Program Plan Intro

Achieving Alignment:

Difficulty of business-MIS alignment:

Due to the communication gap between the officials who handles business and IT, it is very difficult to align business with IT. In addition, IT environment is changing rapidly which makes difficult for business to incorporate all changes easily.

a.

Expert Solution

Explanation of Solution

Prioritize the demands:

Companies can prioritize the demands of various business units in the following ways:

To reduce risk in business operations, different strategies are made by the information technology executives. The risk can be a consequence of poor planning and execution of projects.
In order to make the entire process easy and smooth, IT companies make use of operational systems like project and resource management. Balance between IT and business objectives make it possible for the companies to prioritize investments and lay emphasize on “the right set of things.”
In order to reduce their entire IT expenses on infrastructure, IT executives can adopt asset rationalization measures. This requires identification of the right opportunities for data centre, and then creating optimal plans.

b.

Program Plan Intro

Achieving Alignment:

Difficulty of business-MIS alignment:

Due to the communication gap between the officials who handles business and IT, it is very difficult to align business with IT. In addition, IT environment is changing rapidly which makes difficult for business to incorporate all changes easily.

b.

Expert Solution

Explanation of Solution

MIS Challenges

Some of the greatest MIS challenges for the coming year may include:

Security - Security issue is one of the most important issues in terms of MIS challenges. Various security issues include crime, Data Encryption Standards, Biometric Devices, Disaster Planning, Hacking etc.

c.

Achieving Alignment:

Difficulty of business-MIS alignment:

Due to the communication gap between the officials who handles business and IT, it is very difficult to align business with IT. In addition, IT environment is changing rapidly which makes difficult for business to incorporate all changes easily.

Driving MIS decisions:

Following issues drive MIS decisions:

Investments in MIS tend to improve productivity of the company.
MIS investments are associated with company's business goals and objectives.

d.

Achieving Alignment:

Difficulty of business-MIS alignment:

Due to the communication gap between the officials who handles business and IT, it is very difficult to align business with IT. In addition, IT environment is changing rapidly which makes difficult for business to incorporate all changes easily.

Moving Force behind MIS Decisions:

Generally, the chief information officer (CIO) and the MIS department are responsible for making MIS decisions. Companies must also examine technology decision continuously to ensure its proper implementation.

e.

Achieving Alignment:

Difficulty of business-MIS alignment:

Due to the communication gap between the officials who handles business and IT, it is very difficult to align business with IT. In addition, IT environment is changing rapidly which makes difficult for business to incorporate all changes easily.

Efficiency Metrics and Effectiveness Metrics:

Efficiency and Effectiveness Metrics used by Companies to Measure the Impact of MIS are as mentioned below:

Performance
Speed
Throughput
Web metrics
Scalability
Net Present Value (NPV)
Return on Investment (ROI)
Total Cost of Ownership (TCO)

f.

Achieving Alignment:

Difficulty of business-MIS alignment:

Due to the communication gap between the officials who handles business and IT, it is very difficult to align business with IT. In addition, IT environment is changing rapidly which makes difficult for business to incorporate all changes easily.

Using Financial Metrics:

Financial metrics can be used to monitor and measure MIS investments in following ways:

Net present value (NPV) - NPV metric makes a comparison between the investment cost and present value of unexpected future cash flows generated by the project.
Internal Rate of Return (IRR) - It identifies the rate at which the net present value of an investment is zero.
Return on Investment (ROI) - It indicates the earning capacity of a project.
Payback Period (PB – It is essentially the time required for a project to pay for itself.
Total Cost of Ownership (TCO) - It consists of the costs- direct and indirect- incurred during the asset’s life cycle. It attempts to state the MIS investment costs.

g.

Achieving Alignment:

Difficulty of business-MIS alignment:

Due to the communication gap between the officials who handles business and IT, it is very difficult to align business with IT. In addition, IT environment is changing rapidly which makes difficult for business to incorporate all changes easily.

Issues with using financial metrics:

Use of financial metrics to evaluate MIS will not lead to successful results. It is difficult to apply a financial metric on a computer or firewall. Thus, it is quite a difficult job to measure MIS value with financial metrics.

c.

Program Plan Intro

Achieving Alignment:

Difficulty of business-MIS alignment:

Due to the communication gap between the officials who handles business and IT, it is very difficult to align business with IT. In addition, IT environment is changing rapidly which makes difficult for business to incorporate all changes easily.

c.

Expert Solution

Explanation of Solution

Driving MIS decisions:

Following issues drive MIS decisions:

Investments in MIS tend to improve productivity of the company.
MIS investments are associated with company's business goals and objectives.

d.

Program Plan Intro

Achieving Alignment:

Difficulty of business-MIS alignment:

Due to the communication gap between the officials who handles business and IT, it is very difficult to align business with IT. In addition, IT environment is changing rapidly which makes difficult for business to incorporate all changes easily.

d.

Expert Solution

Explanation of Solution

Moving Force behind MIS Decisions:

Generally, the chief information officer (CIO) and the MIS department are responsible for making MIS decisions. Companies must also examine technology decision continuously to ensure its proper implementation.

e.

Program Plan Intro

Achieving Alignment:

Difficulty of business-MIS alignment:

Due to the communication gap between the officials who handles business and IT, it is very difficult to align business with IT. In addition, IT environment is changing rapidly which makes difficult for business to incorporate all changes easily.

e.

Expert Solution

Explanation of Solution

Efficiency Metrics and Effectiveness Metrics:

Efficiency and Effectiveness Metrics used by Companies to Measure the Impact of MIS are as mentioned below:

Performance
Speed
Throughput
Web metrics
Scalability
Net Present Value (NPV)
Return on Investment (ROI)
Total Cost of Ownership (TCO)

f.

Program Plan Intro

Achieving Alignment:

Difficulty of business-MIS alignment:

Due to the communication gap between the officials who handles business and IT, it is very difficult to align business with IT. In addition, IT environment is changing rapidly which makes difficult for business to incorporate all changes easily.

f.

Expert Solution

Explanation of Solution

Using Financial Metrics:

Financial metrics can be used to monitor and measure MIS investments in following ways:

Net present value (NPV) - NPV metric makes a comparison between the investment cost and present value of unexpected future cash flows generated by the project.
Internal Rate of Return (IRR) - It identifies the rate at which the net present value of an investment is zero.
Return on Investment (ROI) - It indicates the earning capacity of a project.
Payback Period (PB – It is essentially the time required for a project to pay for itself.
Total Cost of Ownership (TCO) - It consists of the costs- direct and indirect- incurred during the asset’s life cycle. It attempts to state the MIS investment costs.

g.

Program Plan Intro

Achieving Alignment:

Difficulty of business-MIS alignment:

Due to the communication gap between the officials who handles business and IT, it is very difficult to align business with IT. In addition, IT environment is changing rapidly which makes difficult for business to incorporate all changes easily.

g.

Expert Solution

Explanation of Solution

Issues with using financial metrics:

Use of financial metrics to evaluate MIS will not lead to successful results. It is difficult to apply a financial metric on a computer or firewall. Thus, it is quite a difficult job to measure MIS value with financial metrics.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Students have asked these similar questions

Ideal MOSFET Current–Voltage Characteristics—NMOS Device and draw the circuit

1. Create a Person.java file. Implement the public Person and Student classes in Person.java, including all the variables and methods in the UMLS. Person -name: String -street: String -city: String +Person(String name, String, street, String, city) +getName(): String +setName(String name): void +getStreet(): String +setStreet(String street): void +getCity(): String +setCity(String City): void +toString(): String Student -Id: int +Person(String name, String, street, String, city, int Id) +getId(): int +setId(int Id): void +toString(): String 2. Create a StudentTest.java file. Implement a public StudentTest class with a main method. In the main method, create one student object and print the object using System.out.println(). Your printing result must follow the example output: name: Mike, street: Morris Ave, city: Union, Id: 1000 Hint: You need to modify the toString methods in the Student class and Person class!

1) Apply the Paint Blue algorithm discussed in class to the following Finite Automata. a a a b b a COIS-3050H-R-W01-2025WI-COMB Formal Languages & Automata a b Show the status of the Finite Automata at the conclusion of the Paint Blue Algorithm (mark the visited states with an X and only include edges that have not been followed). 2) Use the pumping lemma to prove the following language is nonregular: L= {ab} = {abbb, aabbbbbb, aaabbbbbbbbb, ...}

Answer 2

Question

Chapter 5, Problem 2AYK

a.

Program Plan Intro

Achieving Alignment:

Difficulty of business-MIS alignment:

Due to the communication gap between the officials who handles business and IT, it is very difficult to align business with IT. In addition, IT environment is changing rapidly which makes difficult for business to incorporate all changes easily.

a.

Expert Solution

Explanation of Solution

Prioritize the demands:

Companies can prioritize the demands of various business units in the following ways:

To reduce risk in business operations, different strategies are made by the information technology executives. The risk can be a consequence of poor planning and execution of projects.
In order to make the entire process easy and smooth, IT companies make use of operational systems like project and resource management. Balance between IT and business objectives make it possible for the companies to prioritize investments and lay emphasize on “the right set of things.”
In order to reduce their entire IT expenses on infrastructure, IT executives can adopt asset rationalization measures. This requires identification of the right opportunities for data centre, and then creating optimal plans.

b.

Program Plan Intro

Achieving Alignment:

Difficulty of business-MIS alignment:

Due to the communication gap between the officials who handles business and IT, it is very difficult to align business with IT. In addition, IT environment is changing rapidly which makes difficult for business to incorporate all changes easily.

b.

Expert Solution

Explanation of Solution

MIS Challenges

Some of the greatest MIS challenges for the coming year may include:

Security - Security issue is one of the most important issues in terms of MIS challenges. Various security issues include crime, Data Encryption Standards, Biometric Devices, Disaster Planning, Hacking etc.

c.

Achieving Alignment:

Difficulty of business-MIS alignment:

Due to the communication gap between the officials who handles business and IT, it is very difficult to align business with IT. In addition, IT environment is changing rapidly which makes difficult for business to incorporate all changes easily.

Driving MIS decisions:

Following issues drive MIS decisions:

Investments in MIS tend to improve productivity of the company.
MIS investments are associated with company's business goals and objectives.

d.

Achieving Alignment:

Difficulty of business-MIS alignment:

Due to the communication gap between the officials who handles business and IT, it is very difficult to align business with IT. In addition, IT environment is changing rapidly which makes difficult for business to incorporate all changes easily.

Moving Force behind MIS Decisions:

Generally, the chief information officer (CIO) and the MIS department are responsible for making MIS decisions. Companies must also examine technology decision continuously to ensure its proper implementation.

e.

Achieving Alignment:

Difficulty of business-MIS alignment:

Due to the communication gap between the officials who handles business and IT, it is very difficult to align business with IT. In addition, IT environment is changing rapidly which makes difficult for business to incorporate all changes easily.

Efficiency Metrics and Effectiveness Metrics:

Efficiency and Effectiveness Metrics used by Companies to Measure the Impact of MIS are as mentioned below:

Performance
Speed
Throughput
Web metrics
Scalability
Net Present Value (NPV)
Return on Investment (ROI)
Total Cost of Ownership (TCO)

f.

Achieving Alignment:

Difficulty of business-MIS alignment:

Due to the communication gap between the officials who handles business and IT, it is very difficult to align business with IT. In addition, IT environment is changing rapidly which makes difficult for business to incorporate all changes easily.

Using Financial Metrics:

Financial metrics can be used to monitor and measure MIS investments in following ways:

Net present value (NPV) - NPV metric makes a comparison between the investment cost and present value of unexpected future cash flows generated by the project.
Internal Rate of Return (IRR) - It identifies the rate at which the net present value of an investment is zero.
Return on Investment (ROI) - It indicates the earning capacity of a project.
Payback Period (PB – It is essentially the time required for a project to pay for itself.
Total Cost of Ownership (TCO) - It consists of the costs- direct and indirect- incurred during the asset’s life cycle. It attempts to state the MIS investment costs.

g.

Achieving Alignment:

Difficulty of business-MIS alignment:

Due to the communication gap between the officials who handles business and IT, it is very difficult to align business with IT. In addition, IT environment is changing rapidly which makes difficult for business to incorporate all changes easily.

Issues with using financial metrics:

Use of financial metrics to evaluate MIS will not lead to successful results. It is difficult to apply a financial metric on a computer or firewall. Thus, it is quite a difficult job to measure MIS value with financial metrics.

c.

Program Plan Intro

Achieving Alignment:

Difficulty of business-MIS alignment:

Due to the communication gap between the officials who handles business and IT, it is very difficult to align business with IT. In addition, IT environment is changing rapidly which makes difficult for business to incorporate all changes easily.

c.

Expert Solution

Explanation of Solution

Driving MIS decisions:

Following issues drive MIS decisions:

Investments in MIS tend to improve productivity of the company.
MIS investments are associated with company's business goals and objectives.

d.

Program Plan Intro

Achieving Alignment:

Difficulty of business-MIS alignment:

Due to the communication gap between the officials who handles business and IT, it is very difficult to align business with IT. In addition, IT environment is changing rapidly which makes difficult for business to incorporate all changes easily.

d.

Expert Solution

Explanation of Solution

Moving Force behind MIS Decisions:

Generally, the chief information officer (CIO) and the MIS department are responsible for making MIS decisions. Companies must also examine technology decision continuously to ensure its proper implementation.

e.

Program Plan Intro

Achieving Alignment:

Difficulty of business-MIS alignment:

Due to the communication gap between the officials who handles business and IT, it is very difficult to align business with IT. In addition, IT environment is changing rapidly which makes difficult for business to incorporate all changes easily.

e.

Expert Solution

Explanation of Solution

Efficiency Metrics and Effectiveness Metrics:

Efficiency and Effectiveness Metrics used by Companies to Measure the Impact of MIS are as mentioned below:

Performance
Speed
Throughput
Web metrics
Scalability
Net Present Value (NPV)
Return on Investment (ROI)
Total Cost of Ownership (TCO)

f.

Program Plan Intro

Achieving Alignment:

Difficulty of business-MIS alignment:

Due to the communication gap between the officials who handles business and IT, it is very difficult to align business with IT. In addition, IT environment is changing rapidly which makes difficult for business to incorporate all changes easily.

f.

Expert Solution

Explanation of Solution

Using Financial Metrics:

Financial metrics can be used to monitor and measure MIS investments in following ways:

Net present value (NPV) - NPV metric makes a comparison between the investment cost and present value of unexpected future cash flows generated by the project.
Internal Rate of Return (IRR) - It identifies the rate at which the net present value of an investment is zero.
Return on Investment (ROI) - It indicates the earning capacity of a project.
Payback Period (PB – It is essentially the time required for a project to pay for itself.
Total Cost of Ownership (TCO) - It consists of the costs- direct and indirect- incurred during the asset’s life cycle. It attempts to state the MIS investment costs.

g.

Program Plan Intro

Achieving Alignment:

Difficulty of business-MIS alignment:

Due to the communication gap between the officials who handles business and IT, it is very difficult to align business with IT. In addition, IT environment is changing rapidly which makes difficult for business to incorporate all changes easily.

g.

Expert Solution

Explanation of Solution

Issues with using financial metrics:

Use of financial metrics to evaluate MIS will not lead to successful results. It is difficult to apply a financial metric on a computer or firewall. Thus, it is quite a difficult job to measure MIS value with financial metrics.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 3

Question

Chapter 5, Problem 2AYK

a.

Program Plan Intro

Achieving Alignment:

Difficulty of business-MIS alignment:

Due to the communication gap between the officials who handles business and IT, it is very difficult to align business with IT. In addition, IT environment is changing rapidly which makes difficult for business to incorporate all changes easily.

a.

Expert Solution

Explanation of Solution

Prioritize the demands:

Companies can prioritize the demands of various business units in the following ways:

To reduce risk in business operations, different strategies are made by the information technology executives. The risk can be a consequence of poor planning and execution of projects.
In order to make the entire process easy and smooth, IT companies make use of operational systems like project and resource management. Balance between IT and business objectives make it possible for the companies to prioritize investments and lay emphasize on “the right set of things.”
In order to reduce their entire IT expenses on infrastructure, IT executives can adopt asset rationalization measures. This requires identification of the right opportunities for data centre, and then creating optimal plans.

b.

Program Plan Intro

Achieving Alignment:

Difficulty of business-MIS alignment:

Due to the communication gap between the officials who handles business and IT, it is very difficult to align business with IT. In addition, IT environment is changing rapidly which makes difficult for business to incorporate all changes easily.

b.

Expert Solution

Explanation of Solution

MIS Challenges

Some of the greatest MIS challenges for the coming year may include:

Security - Security issue is one of the most important issues in terms of MIS challenges. Various security issues include crime, Data Encryption Standards, Biometric Devices, Disaster Planning, Hacking etc.

c.

Achieving Alignment:

Difficulty of business-MIS alignment:

Due to the communication gap between the officials who handles business and IT, it is very difficult to align business with IT. In addition, IT environment is changing rapidly which makes difficult for business to incorporate all changes easily.

Driving MIS decisions:

Following issues drive MIS decisions:

Investments in MIS tend to improve productivity of the company.
MIS investments are associated with company's business goals and objectives.

d.

Achieving Alignment:

Difficulty of business-MIS alignment:

Due to the communication gap between the officials who handles business and IT, it is very difficult to align business with IT. In addition, IT environment is changing rapidly which makes difficult for business to incorporate all changes easily.

Moving Force behind MIS Decisions:

Generally, the chief information officer (CIO) and the MIS department are responsible for making MIS decisions. Companies must also examine technology decision continuously to ensure its proper implementation.

e.

Achieving Alignment:

Difficulty of business-MIS alignment:

Due to the communication gap between the officials who handles business and IT, it is very difficult to align business with IT. In addition, IT environment is changing rapidly which makes difficult for business to incorporate all changes easily.

Efficiency Metrics and Effectiveness Metrics:

Efficiency and Effectiveness Metrics used by Companies to Measure the Impact of MIS are as mentioned below:

Performance
Speed
Throughput
Web metrics
Scalability
Net Present Value (NPV)
Return on Investment (ROI)
Total Cost of Ownership (TCO)

f.

Achieving Alignment:

Difficulty of business-MIS alignment:

Due to the communication gap between the officials who handles business and IT, it is very difficult to align business with IT. In addition, IT environment is changing rapidly which makes difficult for business to incorporate all changes easily.

Using Financial Metrics:

Financial metrics can be used to monitor and measure MIS investments in following ways:

Net present value (NPV) - NPV metric makes a comparison between the investment cost and present value of unexpected future cash flows generated by the project.
Internal Rate of Return (IRR) - It identifies the rate at which the net present value of an investment is zero.
Return on Investment (ROI) - It indicates the earning capacity of a project.
Payback Period (PB – It is essentially the time required for a project to pay for itself.
Total Cost of Ownership (TCO) - It consists of the costs- direct and indirect- incurred during the asset’s life cycle. It attempts to state the MIS investment costs.

g.

Achieving Alignment:

Difficulty of business-MIS alignment:

Due to the communication gap between the officials who handles business and IT, it is very difficult to align business with IT. In addition, IT environment is changing rapidly which makes difficult for business to incorporate all changes easily.

Issues with using financial metrics:

Use of financial metrics to evaluate MIS will not lead to successful results. It is difficult to apply a financial metric on a computer or firewall. Thus, it is quite a difficult job to measure MIS value with financial metrics.

c.

Program Plan Intro

Achieving Alignment:

Difficulty of business-MIS alignment:

Due to the communication gap between the officials who handles business and IT, it is very difficult to align business with IT. In addition, IT environment is changing rapidly which makes difficult for business to incorporate all changes easily.

c.

Expert Solution

Explanation of Solution

Driving MIS decisions:

Following issues drive MIS decisions:

Investments in MIS tend to improve productivity of the company.
MIS investments are associated with company's business goals and objectives.

d.

Program Plan Intro

Achieving Alignment:

Difficulty of business-MIS alignment:

Due to the communication gap between the officials who handles business and IT, it is very difficult to align business with IT. In addition, IT environment is changing rapidly which makes difficult for business to incorporate all changes easily.

d.

Expert Solution

Explanation of Solution

Moving Force behind MIS Decisions:

Generally, the chief information officer (CIO) and the MIS department are responsible for making MIS decisions. Companies must also examine technology decision continuously to ensure its proper implementation.

e.

Program Plan Intro

Achieving Alignment:

Difficulty of business-MIS alignment:

Due to the communication gap between the officials who handles business and IT, it is very difficult to align business with IT. In addition, IT environment is changing rapidly which makes difficult for business to incorporate all changes easily.

e.

Expert Solution

Explanation of Solution

Efficiency Metrics and Effectiveness Metrics:

Efficiency and Effectiveness Metrics used by Companies to Measure the Impact of MIS are as mentioned below:

Performance
Speed
Throughput
Web metrics
Scalability
Net Present Value (NPV)
Return on Investment (ROI)
Total Cost of Ownership (TCO)

f.

Program Plan Intro

Achieving Alignment:

Difficulty of business-MIS alignment:

Due to the communication gap between the officials who handles business and IT, it is very difficult to align business with IT. In addition, IT environment is changing rapidly which makes difficult for business to incorporate all changes easily.

f.

Expert Solution

Explanation of Solution

Using Financial Metrics:

Financial metrics can be used to monitor and measure MIS investments in following ways:

Net present value (NPV) - NPV metric makes a comparison between the investment cost and present value of unexpected future cash flows generated by the project.
Internal Rate of Return (IRR) - It identifies the rate at which the net present value of an investment is zero.
Return on Investment (ROI) - It indicates the earning capacity of a project.
Payback Period (PB – It is essentially the time required for a project to pay for itself.
Total Cost of Ownership (TCO) - It consists of the costs- direct and indirect- incurred during the asset’s life cycle. It attempts to state the MIS investment costs.

g.

Program Plan Intro

Achieving Alignment:

Difficulty of business-MIS alignment:

Due to the communication gap between the officials who handles business and IT, it is very difficult to align business with IT. In addition, IT environment is changing rapidly which makes difficult for business to incorporate all changes easily.

g.

Expert Solution

Explanation of Solution

Issues with using financial metrics:

Use of financial metrics to evaluate MIS will not lead to successful results. It is difficult to apply a financial metric on a computer or firewall. Thus, it is quite a difficult job to measure MIS value with financial metrics.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 4

Question

Chapter 5, Problem 2AYK

a.

Program Plan Intro

Achieving Alignment:

Difficulty of business-MIS alignment:

Due to the communication gap between the officials who handles business and IT, it is very difficult to align business with IT. In addition, IT environment is changing rapidly which makes difficult for business to incorporate all changes easily.

a.

Expert Solution

Explanation of Solution

Prioritize the demands:

Companies can prioritize the demands of various business units in the following ways:

To reduce risk in business operations, different strategies are made by the information technology executives. The risk can be a consequence of poor planning and execution of projects.
In order to make the entire process easy and smooth, IT companies make use of operational systems like project and resource management. Balance between IT and business objectives make it possible for the companies to prioritize investments and lay emphasize on “the right set of things.”
In order to reduce their entire IT expenses on infrastructure, IT executives can adopt asset rationalization measures. This requires identification of the right opportunities for data centre, and then creating optimal plans.

b.

Program Plan Intro

Achieving Alignment:

Difficulty of business-MIS alignment:

Due to the communication gap between the officials who handles business and IT, it is very difficult to align business with IT. In addition, IT environment is changing rapidly which makes difficult for business to incorporate all changes easily.

b.

Expert Solution

Explanation of Solution

MIS Challenges

Some of the greatest MIS challenges for the coming year may include:

Security - Security issue is one of the most important issues in terms of MIS challenges. Various security issues include crime, Data Encryption Standards, Biometric Devices, Disaster Planning, Hacking etc.

c.

Achieving Alignment:

Difficulty of business-MIS alignment:

Due to the communication gap between the officials who handles business and IT, it is very difficult to align business with IT. In addition, IT environment is changing rapidly which makes difficult for business to incorporate all changes easily.

Driving MIS decisions:

Following issues drive MIS decisions:

Investments in MIS tend to improve productivity of the company.
MIS investments are associated with company's business goals and objectives.

d.

Achieving Alignment:

Difficulty of business-MIS alignment:

Due to the communication gap between the officials who handles business and IT, it is very difficult to align business with IT. In addition, IT environment is changing rapidly which makes difficult for business to incorporate all changes easily.

Moving Force behind MIS Decisions:

Generally, the chief information officer (CIO) and the MIS department are responsible for making MIS decisions. Companies must also examine technology decision continuously to ensure its proper implementation.

e.

Achieving Alignment:

Difficulty of business-MIS alignment:

Due to the communication gap between the officials who handles business and IT, it is very difficult to align business with IT. In addition, IT environment is changing rapidly which makes difficult for business to incorporate all changes easily.

Efficiency Metrics and Effectiveness Metrics:

Efficiency and Effectiveness Metrics used by Companies to Measure the Impact of MIS are as mentioned below:

Performance
Speed
Throughput
Web metrics
Scalability
Net Present Value (NPV)
Return on Investment (ROI)
Total Cost of Ownership (TCO)

f.

Achieving Alignment:

Difficulty of business-MIS alignment:

Due to the communication gap between the officials who handles business and IT, it is very difficult to align business with IT. In addition, IT environment is changing rapidly which makes difficult for business to incorporate all changes easily.

Using Financial Metrics:

Financial metrics can be used to monitor and measure MIS investments in following ways:

Net present value (NPV) - NPV metric makes a comparison between the investment cost and present value of unexpected future cash flows generated by the project.
Internal Rate of Return (IRR) - It identifies the rate at which the net present value of an investment is zero.
Return on Investment (ROI) - It indicates the earning capacity of a project.
Payback Period (PB – It is essentially the time required for a project to pay for itself.
Total Cost of Ownership (TCO) - It consists of the costs- direct and indirect- incurred during the asset’s life cycle. It attempts to state the MIS investment costs.

g.

Achieving Alignment:

Difficulty of business-MIS alignment:

Due to the communication gap between the officials who handles business and IT, it is very difficult to align business with IT. In addition, IT environment is changing rapidly which makes difficult for business to incorporate all changes easily.

Issues with using financial metrics:

Use of financial metrics to evaluate MIS will not lead to successful results. It is difficult to apply a financial metric on a computer or firewall. Thus, it is quite a difficult job to measure MIS value with financial metrics.

c.

Program Plan Intro

Achieving Alignment:

Difficulty of business-MIS alignment:

Due to the communication gap between the officials who handles business and IT, it is very difficult to align business with IT. In addition, IT environment is changing rapidly which makes difficult for business to incorporate all changes easily.

c.

Expert Solution

Explanation of Solution

Driving MIS decisions:

Following issues drive MIS decisions:

Investments in MIS tend to improve productivity of the company.
MIS investments are associated with company's business goals and objectives.

d.

Program Plan Intro

Achieving Alignment:

Difficulty of business-MIS alignment:

Due to the communication gap between the officials who handles business and IT, it is very difficult to align business with IT. In addition, IT environment is changing rapidly which makes difficult for business to incorporate all changes easily.

d.

Expert Solution

Explanation of Solution

Moving Force behind MIS Decisions:

Generally, the chief information officer (CIO) and the MIS department are responsible for making MIS decisions. Companies must also examine technology decision continuously to ensure its proper implementation.

e.

Program Plan Intro

Achieving Alignment:

Difficulty of business-MIS alignment:

Due to the communication gap between the officials who handles business and IT, it is very difficult to align business with IT. In addition, IT environment is changing rapidly which makes difficult for business to incorporate all changes easily.

e.

Expert Solution

Explanation of Solution

Efficiency Metrics and Effectiveness Metrics:

Efficiency and Effectiveness Metrics used by Companies to Measure the Impact of MIS are as mentioned below:

Performance
Speed
Throughput
Web metrics
Scalability
Net Present Value (NPV)
Return on Investment (ROI)
Total Cost of Ownership (TCO)

f.

Program Plan Intro

Achieving Alignment:

Difficulty of business-MIS alignment:

Due to the communication gap between the officials who handles business and IT, it is very difficult to align business with IT. In addition, IT environment is changing rapidly which makes difficult for business to incorporate all changes easily.

f.

Expert Solution

Explanation of Solution

Using Financial Metrics:

Financial metrics can be used to monitor and measure MIS investments in following ways:

Net present value (NPV) - NPV metric makes a comparison between the investment cost and present value of unexpected future cash flows generated by the project.
Internal Rate of Return (IRR) - It identifies the rate at which the net present value of an investment is zero.
Return on Investment (ROI) - It indicates the earning capacity of a project.
Payback Period (PB – It is essentially the time required for a project to pay for itself.
Total Cost of Ownership (TCO) - It consists of the costs- direct and indirect- incurred during the asset’s life cycle. It attempts to state the MIS investment costs.

g.

Program Plan Intro

Achieving Alignment:

Difficulty of business-MIS alignment:

Due to the communication gap between the officials who handles business and IT, it is very difficult to align business with IT. In addition, IT environment is changing rapidly which makes difficult for business to incorporate all changes easily.

g.

Expert Solution

Explanation of Solution

Issues with using financial metrics:

Use of financial metrics to evaluate MIS will not lead to successful results. It is difficult to apply a financial metric on a computer or firewall. Thus, it is quite a difficult job to measure MIS value with financial metrics.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 5

Chapter 5, Problem 2AYK

a.

Program Plan Intro

Achieving Alignment:

Difficulty of business-MIS alignment:

Due to the communication gap between the officials who handles business and IT, it is very difficult to align business with IT. In addition, IT environment is changing rapidly which makes difficult for business to incorporate all changes easily.

a.

Expert Solution

Explanation of Solution

Prioritize the demands:

Companies can prioritize the demands of various business units in the following ways:

To reduce risk in business operations, different strategies are made by the information technology executives. The risk can be a consequence of poor planning and execution of projects.
In order to make the entire process easy and smooth, IT companies make use of operational systems like project and resource management. Balance between IT and business objectives make it possible for the companies to prioritize investments and lay emphasize on “the right set of things.”
In order to reduce their entire IT expenses on infrastructure, IT executives can adopt asset rationalization measures. This requires identification of the right opportunities for data centre, and then creating optimal plans.

b.

Program Plan Intro

Achieving Alignment:

Difficulty of business-MIS alignment:

Due to the communication gap between the officials who handles business and IT, it is very difficult to align business with IT. In addition, IT environment is changing rapidly which makes difficult for business to incorporate all changes easily.

b.

Expert Solution

Explanation of Solution

MIS Challenges

Some of the greatest MIS challenges for the coming year may include:

Security - Security issue is one of the most important issues in terms of MIS challenges. Various security issues include crime, Data Encryption Standards, Biometric Devices, Disaster Planning, Hacking etc.

c.

Achieving Alignment:

Difficulty of business-MIS alignment:

Due to the communication gap between the officials who handles business and IT, it is very difficult to align business with IT. In addition, IT environment is changing rapidly which makes difficult for business to incorporate all changes easily.

Driving MIS decisions:

Following issues drive MIS decisions:

Investments in MIS tend to improve productivity of the company.
MIS investments are associated with company's business goals and objectives.

d.

Achieving Alignment:

Difficulty of business-MIS alignment:

Due to the communication gap between the officials who handles business and IT, it is very difficult to align business with IT. In addition, IT environment is changing rapidly which makes difficult for business to incorporate all changes easily.

Moving Force behind MIS Decisions:

Generally, the chief information officer (CIO) and the MIS department are responsible for making MIS decisions. Companies must also examine technology decision continuously to ensure its proper implementation.

e.

Achieving Alignment:

Difficulty of business-MIS alignment:

Due to the communication gap between the officials who handles business and IT, it is very difficult to align business with IT. In addition, IT environment is changing rapidly which makes difficult for business to incorporate all changes easily.

Efficiency Metrics and Effectiveness Metrics:

Efficiency and Effectiveness Metrics used by Companies to Measure the Impact of MIS are as mentioned below:

Performance
Speed
Throughput
Web metrics
Scalability
Net Present Value (NPV)
Return on Investment (ROI)
Total Cost of Ownership (TCO)

f.

Achieving Alignment:

Difficulty of business-MIS alignment:

Due to the communication gap between the officials who handles business and IT, it is very difficult to align business with IT. In addition, IT environment is changing rapidly which makes difficult for business to incorporate all changes easily.

Using Financial Metrics:

Financial metrics can be used to monitor and measure MIS investments in following ways:

Net present value (NPV) - NPV metric makes a comparison between the investment cost and present value of unexpected future cash flows generated by the project.
Internal Rate of Return (IRR) - It identifies the rate at which the net present value of an investment is zero.
Return on Investment (ROI) - It indicates the earning capacity of a project.
Payback Period (PB – It is essentially the time required for a project to pay for itself.
Total Cost of Ownership (TCO) - It consists of the costs- direct and indirect- incurred during the asset’s life cycle. It attempts to state the MIS investment costs.

g.

Achieving Alignment:

Difficulty of business-MIS alignment:

Due to the communication gap between the officials who handles business and IT, it is very difficult to align business with IT. In addition, IT environment is changing rapidly which makes difficult for business to incorporate all changes easily.

Issues with using financial metrics:

Use of financial metrics to evaluate MIS will not lead to successful results. It is difficult to apply a financial metric on a computer or firewall. Thus, it is quite a difficult job to measure MIS value with financial metrics.

c.

Program Plan Intro

Achieving Alignment:

Difficulty of business-MIS alignment:

Due to the communication gap between the officials who handles business and IT, it is very difficult to align business with IT. In addition, IT environment is changing rapidly which makes difficult for business to incorporate all changes easily.

c.

Expert Solution

Explanation of Solution

Driving MIS decisions:

Following issues drive MIS decisions:

Investments in MIS tend to improve productivity of the company.
MIS investments are associated with company's business goals and objectives.

d.

Program Plan Intro

Achieving Alignment:

Difficulty of business-MIS alignment:

Due to the communication gap between the officials who handles business and IT, it is very difficult to align business with IT. In addition, IT environment is changing rapidly which makes difficult for business to incorporate all changes easily.

d.

Expert Solution

Explanation of Solution

Moving Force behind MIS Decisions:

Generally, the chief information officer (CIO) and the MIS department are responsible for making MIS decisions. Companies must also examine technology decision continuously to ensure its proper implementation.

e.

Program Plan Intro

Achieving Alignment:

Difficulty of business-MIS alignment:

Due to the communication gap between the officials who handles business and IT, it is very difficult to align business with IT. In addition, IT environment is changing rapidly which makes difficult for business to incorporate all changes easily.

e.

Expert Solution

Explanation of Solution

Efficiency Metrics and Effectiveness Metrics:

Efficiency and Effectiveness Metrics used by Companies to Measure the Impact of MIS are as mentioned below:

Performance
Speed
Throughput
Web metrics
Scalability
Net Present Value (NPV)
Return on Investment (ROI)
Total Cost of Ownership (TCO)

f.

Program Plan Intro

Achieving Alignment:

Difficulty of business-MIS alignment:

Due to the communication gap between the officials who handles business and IT, it is very difficult to align business with IT. In addition, IT environment is changing rapidly which makes difficult for business to incorporate all changes easily.

f.

Expert Solution

Explanation of Solution

Using Financial Metrics:

Financial metrics can be used to monitor and measure MIS investments in following ways:

Net present value (NPV) - NPV metric makes a comparison between the investment cost and present value of unexpected future cash flows generated by the project.
Internal Rate of Return (IRR) - It identifies the rate at which the net present value of an investment is zero.
Return on Investment (ROI) - It indicates the earning capacity of a project.
Payback Period (PB – It is essentially the time required for a project to pay for itself.
Total Cost of Ownership (TCO) - It consists of the costs- direct and indirect- incurred during the asset’s life cycle. It attempts to state the MIS investment costs.

g.

Program Plan Intro

Achieving Alignment:

Difficulty of business-MIS alignment:

Due to the communication gap between the officials who handles business and IT, it is very difficult to align business with IT. In addition, IT environment is changing rapidly which makes difficult for business to incorporate all changes easily.

g.

Expert Solution

Explanation of Solution

Issues with using financial metrics:

Use of financial metrics to evaluate MIS will not lead to successful results. It is difficult to apply a financial metric on a computer or firewall. Thus, it is quite a difficult job to measure MIS value with financial metrics.

Answer 6

Chapter 5, Problem 2AYK

a.

Program Plan Intro

Achieving Alignment:

Difficulty of business-MIS alignment:

Due to the communication gap between the officials who handles business and IT, it is very difficult to align business with IT. In addition, IT environment is changing rapidly which makes difficult for business to incorporate all changes easily.

a.

Expert Solution

Explanation of Solution

Prioritize the demands:

Companies can prioritize the demands of various business units in the following ways:

To reduce risk in business operations, different strategies are made by the information technology executives. The risk can be a consequence of poor planning and execution of projects.
In order to make the entire process easy and smooth, IT companies make use of operational systems like project and resource management. Balance between IT and business objectives make it possible for the companies to prioritize investments and lay emphasize on “the right set of things.”
In order to reduce their entire IT expenses on infrastructure, IT executives can adopt asset rationalization measures. This requires identification of the right opportunities for data centre, and then creating optimal plans.

Answer 7

Chapter 5, Problem 2AYK

a.

Program Plan Intro

Achieving Alignment:

Difficulty of business-MIS alignment:

Due to the communication gap between the officials who handles business and IT, it is very difficult to align business with IT. In addition, IT environment is changing rapidly which makes difficult for business to incorporate all changes easily.

Answer 8

a.

Expert Solution

Explanation of Solution

Prioritize the demands:

Companies can prioritize the demands of various business units in the following ways:

To reduce risk in business operations, different strategies are made by the information technology executives. The risk can be a consequence of poor planning and execution of projects.
In order to make the entire process easy and smooth, IT companies make use of operational systems like project and resource management. Balance between IT and business objectives make it possible for the companies to prioritize investments and lay emphasize on “the right set of things.”
In order to reduce their entire IT expenses on infrastructure, IT executives can adopt asset rationalization measures. This requires identification of the right opportunities for data centre, and then creating optimal plans.

Answer 9

a.

Expert Solution

Answer 10

a.

Expert Solution

Answer 11

Expert Solution

Answer 12

b.

Program Plan Intro

Achieving Alignment:

Difficulty of business-MIS alignment:

Due to the communication gap between the officials who handles business and IT, it is very difficult to align business with IT. In addition, IT environment is changing rapidly which makes difficult for business to incorporate all changes easily.

b.

Expert Solution

Explanation of Solution

MIS Challenges

Some of the greatest MIS challenges for the coming year may include:

Security - Security issue is one of the most important issues in terms of MIS challenges. Various security issues include crime, Data Encryption Standards, Biometric Devices, Disaster Planning, Hacking etc.

c.

Achieving Alignment:

Difficulty of business-MIS alignment:

Due to the communication gap between the officials who handles business and IT, it is very difficult to align business with IT. In addition, IT environment is changing rapidly which makes difficult for business to incorporate all changes easily.

Driving MIS decisions:

Following issues drive MIS decisions:

Investments in MIS tend to improve productivity of the company.
MIS investments are associated with company's business goals and objectives.

d.

Achieving Alignment:

Difficulty of business-MIS alignment:

Due to the communication gap between the officials who handles business and IT, it is very difficult to align business with IT. In addition, IT environment is changing rapidly which makes difficult for business to incorporate all changes easily.

Moving Force behind MIS Decisions:

Generally, the chief information officer (CIO) and the MIS department are responsible for making MIS decisions. Companies must also examine technology decision continuously to ensure its proper implementation.

e.

Achieving Alignment:

Difficulty of business-MIS alignment:

Due to the communication gap between the officials who handles business and IT, it is very difficult to align business with IT. In addition, IT environment is changing rapidly which makes difficult for business to incorporate all changes easily.

Efficiency Metrics and Effectiveness Metrics:

Efficiency and Effectiveness Metrics used by Companies to Measure the Impact of MIS are as mentioned below:

Performance
Speed
Throughput
Web metrics
Scalability
Net Present Value (NPV)
Return on Investment (ROI)
Total Cost of Ownership (TCO)

f.

Achieving Alignment:

Difficulty of business-MIS alignment:

Due to the communication gap between the officials who handles business and IT, it is very difficult to align business with IT. In addition, IT environment is changing rapidly which makes difficult for business to incorporate all changes easily.

Using Financial Metrics:

Financial metrics can be used to monitor and measure MIS investments in following ways:

Net present value (NPV) - NPV metric makes a comparison between the investment cost and present value of unexpected future cash flows generated by the project.
Internal Rate of Return (IRR) - It identifies the rate at which the net present value of an investment is zero.
Return on Investment (ROI) - It indicates the earning capacity of a project.
Payback Period (PB – It is essentially the time required for a project to pay for itself.
Total Cost of Ownership (TCO) - It consists of the costs- direct and indirect- incurred during the asset’s life cycle. It attempts to state the MIS investment costs.

g.

Achieving Alignment:

Difficulty of business-MIS alignment:

Due to the communication gap between the officials who handles business and IT, it is very difficult to align business with IT. In addition, IT environment is changing rapidly which makes difficult for business to incorporate all changes easily.

Issues with using financial metrics:

Use of financial metrics to evaluate MIS will not lead to successful results. It is difficult to apply a financial metric on a computer or firewall. Thus, it is quite a difficult job to measure MIS value with financial metrics.

Answer 13

b.

Program Plan Intro

Achieving Alignment:

Difficulty of business-MIS alignment:

Due to the communication gap between the officials who handles business and IT, it is very difficult to align business with IT. In addition, IT environment is changing rapidly which makes difficult for business to incorporate all changes easily.

Answer 14

b.

Expert Solution

Explanation of Solution

MIS Challenges

Some of the greatest MIS challenges for the coming year may include:

Security - Security issue is one of the most important issues in terms of MIS challenges. Various security issues include crime, Data Encryption Standards, Biometric Devices, Disaster Planning, Hacking etc.

c.

Achieving Alignment:

Difficulty of business-MIS alignment:

Due to the communication gap between the officials who handles business and IT, it is very difficult to align business with IT. In addition, IT environment is changing rapidly which makes difficult for business to incorporate all changes easily.

Driving MIS decisions:

Following issues drive MIS decisions:

Investments in MIS tend to improve productivity of the company.
MIS investments are associated with company's business goals and objectives.

d.

Achieving Alignment:

Difficulty of business-MIS alignment:

Due to the communication gap between the officials who handles business and IT, it is very difficult to align business with IT. In addition, IT environment is changing rapidly which makes difficult for business to incorporate all changes easily.

Moving Force behind MIS Decisions:

Generally, the chief information officer (CIO) and the MIS department are responsible for making MIS decisions. Companies must also examine technology decision continuously to ensure its proper implementation.

e.

Achieving Alignment:

Difficulty of business-MIS alignment:

Due to the communication gap between the officials who handles business and IT, it is very difficult to align business with IT. In addition, IT environment is changing rapidly which makes difficult for business to incorporate all changes easily.

Efficiency Metrics and Effectiveness Metrics:

Efficiency and Effectiveness Metrics used by Companies to Measure the Impact of MIS are as mentioned below:

Performance
Speed
Throughput
Web metrics
Scalability
Net Present Value (NPV)
Return on Investment (ROI)
Total Cost of Ownership (TCO)

f.

Achieving Alignment:

Difficulty of business-MIS alignment:

Due to the communication gap between the officials who handles business and IT, it is very difficult to align business with IT. In addition, IT environment is changing rapidly which makes difficult for business to incorporate all changes easily.

Using Financial Metrics:

Financial metrics can be used to monitor and measure MIS investments in following ways:

Net present value (NPV) - NPV metric makes a comparison between the investment cost and present value of unexpected future cash flows generated by the project.
Internal Rate of Return (IRR) - It identifies the rate at which the net present value of an investment is zero.
Return on Investment (ROI) - It indicates the earning capacity of a project.
Payback Period (PB – It is essentially the time required for a project to pay for itself.
Total Cost of Ownership (TCO) - It consists of the costs- direct and indirect- incurred during the asset’s life cycle. It attempts to state the MIS investment costs.

g.

Achieving Alignment:

Difficulty of business-MIS alignment:

Due to the communication gap between the officials who handles business and IT, it is very difficult to align business with IT. In addition, IT environment is changing rapidly which makes difficult for business to incorporate all changes easily.

Issues with using financial metrics:

Use of financial metrics to evaluate MIS will not lead to successful results. It is difficult to apply a financial metric on a computer or firewall. Thus, it is quite a difficult job to measure MIS value with financial metrics.

Answer 15

b.

Expert Solution

Answer 16

b.

Expert Solution

Answer 17

Expert Solution

Answer 18

c.

Program Plan Intro

Achieving Alignment:

Difficulty of business-MIS alignment:

Due to the communication gap between the officials who handles business and IT, it is very difficult to align business with IT. In addition, IT environment is changing rapidly which makes difficult for business to incorporate all changes easily.

c.

Expert Solution

Explanation of Solution

Driving MIS decisions:

Following issues drive MIS decisions:

Investments in MIS tend to improve productivity of the company.
MIS investments are associated with company's business goals and objectives.

Answer 19

c.

Program Plan Intro

Achieving Alignment:

Difficulty of business-MIS alignment:

Due to the communication gap between the officials who handles business and IT, it is very difficult to align business with IT. In addition, IT environment is changing rapidly which makes difficult for business to incorporate all changes easily.

Answer 20

c.

Expert Solution

Explanation of Solution

Driving MIS decisions:

Following issues drive MIS decisions:

Investments in MIS tend to improve productivity of the company.
MIS investments are associated with company's business goals and objectives.

Answer 21

c.

Expert Solution

Answer 22

c.

Expert Solution

Answer 23

Expert Solution

Answer 24

d.

Program Plan Intro

Achieving Alignment:

Difficulty of business-MIS alignment:

Due to the communication gap between the officials who handles business and IT, it is very difficult to align business with IT. In addition, IT environment is changing rapidly which makes difficult for business to incorporate all changes easily.

d.

Expert Solution

Explanation of Solution

Moving Force behind MIS Decisions:

Generally, the chief information officer (CIO) and the MIS department are responsible for making MIS decisions. Companies must also examine technology decision continuously to ensure its proper implementation.

Answer 25

d.

Program Plan Intro

Achieving Alignment:

Difficulty of business-MIS alignment:

Due to the communication gap between the officials who handles business and IT, it is very difficult to align business with IT. In addition, IT environment is changing rapidly which makes difficult for business to incorporate all changes easily.

Answer 26

d.

Expert Solution

Explanation of Solution

Moving Force behind MIS Decisions:

Generally, the chief information officer (CIO) and the MIS department are responsible for making MIS decisions. Companies must also examine technology decision continuously to ensure its proper implementation.

Answer 27

d.

Expert Solution

Answer 28

d.

Expert Solution

Answer 29

Expert Solution

Answer 30

e.

Program Plan Intro

Achieving Alignment:

Difficulty of business-MIS alignment:

Due to the communication gap between the officials who handles business and IT, it is very difficult to align business with IT. In addition, IT environment is changing rapidly which makes difficult for business to incorporate all changes easily.

e.

Expert Solution

Explanation of Solution

Efficiency Metrics and Effectiveness Metrics:

Efficiency and Effectiveness Metrics used by Companies to Measure the Impact of MIS are as mentioned below:

Performance
Speed
Throughput
Web metrics
Scalability
Net Present Value (NPV)
Return on Investment (ROI)
Total Cost of Ownership (TCO)

Answer 31

e.

Program Plan Intro

Achieving Alignment:

Difficulty of business-MIS alignment:

Due to the communication gap between the officials who handles business and IT, it is very difficult to align business with IT. In addition, IT environment is changing rapidly which makes difficult for business to incorporate all changes easily.

Answer 32

e.

Expert Solution

Explanation of Solution

Efficiency Metrics and Effectiveness Metrics:

Efficiency and Effectiveness Metrics used by Companies to Measure the Impact of MIS are as mentioned below:

Performance
Speed
Throughput
Web metrics
Scalability
Net Present Value (NPV)
Return on Investment (ROI)
Total Cost of Ownership (TCO)

Answer 33

e.

Expert Solution

Answer 34

e.

Expert Solution

Answer 35

Expert Solution

Answer 36

f.

Program Plan Intro

Achieving Alignment:

Difficulty of business-MIS alignment:

Due to the communication gap between the officials who handles business and IT, it is very difficult to align business with IT. In addition, IT environment is changing rapidly which makes difficult for business to incorporate all changes easily.

f.

Expert Solution

Explanation of Solution

Using Financial Metrics:

Financial metrics can be used to monitor and measure MIS investments in following ways:

Net present value (NPV) - NPV metric makes a comparison between the investment cost and present value of unexpected future cash flows generated by the project.
Internal Rate of Return (IRR) - It identifies the rate at which the net present value of an investment is zero.
Return on Investment (ROI) - It indicates the earning capacity of a project.
Payback Period (PB – It is essentially the time required for a project to pay for itself.
Total Cost of Ownership (TCO) - It consists of the costs- direct and indirect- incurred during the asset’s life cycle. It attempts to state the MIS investment costs.

Answer 37

f.

Program Plan Intro

Achieving Alignment:

Difficulty of business-MIS alignment:

Due to the communication gap between the officials who handles business and IT, it is very difficult to align business with IT. In addition, IT environment is changing rapidly which makes difficult for business to incorporate all changes easily.

Answer 38

f.

Expert Solution

Explanation of Solution

Using Financial Metrics:

Financial metrics can be used to monitor and measure MIS investments in following ways:

Net present value (NPV) - NPV metric makes a comparison between the investment cost and present value of unexpected future cash flows generated by the project.
Internal Rate of Return (IRR) - It identifies the rate at which the net present value of an investment is zero.
Return on Investment (ROI) - It indicates the earning capacity of a project.
Payback Period (PB – It is essentially the time required for a project to pay for itself.
Total Cost of Ownership (TCO) - It consists of the costs- direct and indirect- incurred during the asset’s life cycle. It attempts to state the MIS investment costs.

Answer 39

f.

Expert Solution

Answer 40

f.

Expert Solution

Answer 41

Expert Solution

Answer 42

g.

Program Plan Intro

Achieving Alignment:

Difficulty of business-MIS alignment:

Due to the communication gap between the officials who handles business and IT, it is very difficult to align business with IT. In addition, IT environment is changing rapidly which makes difficult for business to incorporate all changes easily.

g.

Expert Solution

Explanation of Solution

Issues with using financial metrics:

Use of financial metrics to evaluate MIS will not lead to successful results. It is difficult to apply a financial metric on a computer or firewall. Thus, it is quite a difficult job to measure MIS value with financial metrics.

Answer 43

g.

Program Plan Intro

Achieving Alignment:

Difficulty of business-MIS alignment:

Due to the communication gap between the officials who handles business and IT, it is very difficult to align business with IT. In addition, IT environment is changing rapidly which makes difficult for business to incorporate all changes easily.

Answer 44

g.

Expert Solution

Explanation of Solution

Issues with using financial metrics:

Use of financial metrics to evaluate MIS will not lead to successful results. It is difficult to apply a financial metric on a computer or firewall. Thus, it is quite a difficult job to measure MIS value with financial metrics.