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Serga [27]
3 years ago
9

The Chief Information Officer (CIO) and the Managing Director (MD) of Illustrious Limited recently had the following conversatio

n regarding the development of a new information system for the company: CIO: The way to go about the analysis is to first examine the old system, such as reviewing key documents and observing the workers performing their tasks. Then we can determine which aspects are working well and which should be preserved. MD: We have been through these types of projects before, and what always ends up happening is that we do not get the new system we are promised. Instead, we get a modified version of the old system. CIO: I can assure you that this will not happen this time. My team just want a thorough understanding of what is working well and what is not. MD: I would feel much more comfortable if we first started with a list of our requirements. We should spend more time determining what exactly we want the system to do upfront. Then your team can come in and determine what portions to salvage if you wish. Just don’t constrain us to the old system! Required: a) The CIO and MD have different views on how the system analysis should be performed. Comment on whose position you sympathize with the most. b) What method would you recommend to Illustrious Limited for system analysis? Explain.
Business
1 answer:
-Dominant- [34]3 years ago
4 0

Answer:

Illustrious Limited

a) I sympathize with the MD.  He noted "We have been through these types of projects before, and what always ends up happening is that we do not get the new system we are promised. Instead, we get a modified version of the old system."  The implication of his assertion is that something is missing in the way the CIO and her team had been handling system development projects in the past.  Even the CIO acknowledged the MD's assertions by assuring "that this will not happen this time."  In the past, the system development team had neglected understanding "what is working well and what is not."  This should not be the case in any good system development.  Preliminary analysis or investigation should uncover users' requirements and then conduct a thorough system analysis before the design and other stages are carried out in an iterative process.

b) I would recommend SCRUM instead of the Waterfall methodology.  With Scrum, the system development project is teamwork.   The team is held accountable and SCRUM utilizes iteration to achieve well-defined goals.  The SCRUM framework "begins with a simple premise, starting with what can be seen or known before it tracks progress and tweaks as necessary," to achieve set goals defined by users' requirements.

Explanation:

a) System Development is a process that follows a system development life cycle (SDLC) methodology and involves these seven stages: requirement analysis, system analysis, system design, development or programming, testing, implementation and documentation, and evaluation and support.

b) SCRUM is a framework in SDLC which follows "a set of meetings, tools, and roles that work in concert to help teams structure and manage their work."  SCRUM has been described as "an agile way to manage a project," especially software development because of its "iterative and flexible approaches."

c)  Waterfall model, on the other hand, follows linear sequential phases of conception, initiation, analysis, design, construction, testing, deployment, and maintenance, and each stage depends on the deliverables of the previous stage.  This is why "in software development, it tends to be among the less iterative and flexible approaches, as progress flows in largely one direction ("downwards" like a waterfall) through the phases."

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hichkok12 [17]

Answer:

When sending an email, Ellis restates the subject in the body of the message.

Explanation:

Email has some standard guidelines for preparing the email.

It includes that the subject shall also be defined again in the descriptive area, where entire content of email is discussed.

There must be a descriptive line showing the purpose of email.

There shall be supportive subject for the description of email.

If the email has some quantitative data then it shall be summarized using graphs, pictures etc:

In a single email, least topics shall be discussed as that will not confuse the reader, and will be logical, towards the response for such email.

4 0
4 years ago
A.
Cloud [144]

Answer:llll

Explanation:

3 0
3 years ago
The Don't Tread on Me Tire Company had retained earnings at December 31, 2015 of $217,000. During 2016, the company had revenues
joja [24]

<u>Given:</u>

Beginning retained earnings = $217,000

Revenues = $417,000

Expenses = $358,500

Dividends = $12,700

<u>To find:</u>

Ending retained earnings

<u>Solution:</u>

To calculate the ending retained earnings first we have to calculate the net income of the company. The formula to calculate the net income is as follows,

\bold{\text{Net income = Revenues - Expenses}}

On plugging in the values in the above formula we get,

\Rightarrow \$417,000 - \$358,500 = \$58,500

The formula to calculate the ending retained earnings is as follows,

\bold{\text{Ending retained earnings = Beginning retained earnings + Net income - Dividends}}

\Rightarrow \$217,000 + \$58,500 - \$12,700 = \$262,800

Therefore, the retained earnings on the balance sheet as of December 31, 2016 will be $262,800 that is option c.

3 0
4 years ago
According to the efficient markets hypothesis, changes in stock prices are impossible to predict from public information. excess
saveliy_v [14]

Answer:

Changes in stock prices are impossible to predict from public information.

Explanation:

Efficient market hypothesis states that in an efficient market asset prices tend to reflect all available information. As new information comes to light asset prices adjust accordingly.

Three forms of EMH exist weak, strong, and semi-strong.

The changes in asset price based on all bailable information is unpredictable, so it is impossible to outperform the market by expert selection of stock or market timing.

The only way to get higher returns is to get riskier investments as one cannot consistently predict performance of assets.

4 0
4 years ago
The Gorman Group issued $930,000 of 11% bonds on June 30, 2021, for $1,009,794. The bonds were dated on June 30 and mature on Ju
Sergeeva-Olga [200]

Answer:

The Gorman Group

Journal Entries:

June 30, 2021:

Debit Cash $1,009,794

Credit Bonds Liability $930,000

Credit Bonds Premium $79,794

To record the bonds issuance

December 31, 2021:

Debit Interest Expense $50,490

Debit Amortization of Bonds Premium $660

Credit Cash $51,150

To record the payment of semi-annual interest, including amortization of premium.

June 30, 2022:

Debit Interest Expense $50,457

Debit Amortization of Bonds Premium $693

Credit Cash $51,150

To record the payment of semi-annual interest, including amortization of premium.

Explanation:

a) Data and Calculations:

Face value of 11% bonds issue $930,000

Issue price = $1,009,794

Bonds premium = $79,794

Market yield = 10%

December 31, 2021:

Semi-annual interest payment = $51,150 ($930,000 * 5.5%)

Semi-annual Interest expense = $50,490 ($1,009,794 * 5%)

Amortization of bonds premium = $660

June 30, 2022:

Semi-annual interest payment = $51,150 ($930,000 * 5.5%)

Semi-annual Interest expense = $50,457 ($1,009,134 * 5%)

Amortization of bonds premium = $693

4 0
3 years ago
Read 2 more answers
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