m5

• Strategic planning Is the process of identifying long-term organizational goals, strategies, and resources.
• SWOT analysis – series of questions managers ask during strategic planning
• MISSION STATEMENT – describes a company for its stakeholders and briefly states that company’s overall purpose, products, services, and values.
• Stakeholders include anyone affected by the company’s operations, such as customer, employees, supplier, stockholders and members of the community.
• team oriented – is the norm, some companies see the role of the IT department
• Gatekeeper – responsible for screening and evaluating systems requests.
• CONSTRAINT- is a requirement or condition that the system must satisfy or an outcome that the system must achieve.
• Operational feasibility – a measure of how well a solution meets the system requirements.
• Cultural (or political) feasibility - a measure of how well a solution will be accepted in an organizational climate.
• Technical feasibility – a measure of the practicality of a technical solution and the availability of technical resources and expertise.
• Schedule feasibility – a measure of how reasonable the project timetable is
• Economic feasibility - a measure of the costeffectiveness of a project or solution
• Legal feasibility - a measure of how well a solution can be implemented within existing legal/contractual.
• Two Ways: 1. Payback method 2. Present value method
• PAYBACK METHOD ✓ Defines the time required to recover the money spent on a project
• Present Value The current value of future cash flows
• Return on Investment (ROI) Percentage rate that measures profitability by comparing the total net benefits received from a project to the total cost (investment) of the projec
• Internal Rate of Return Interest rate received for an investment consisting of payments and income that occur at regular periods. (should be ≥ minimum desired rate of return of the company)
• Payback Period A measurement of the time period required to recover the project’s initial investment
• The executive summary, in 250 to 375 words, provides the who, what, when, where, why, and how of the proposal, just as would the first paragraph in a news story
• The proposal summary is a brief statement that mirrors the content of the executive summary.
• The appendix is the last part of the systems proposal, and it can include any information that the systems analyst feels may be of interest to specific individuals, but that is not essential for understanding the systems study and what is being proposed.