As part of effective IT planning in systems development life cycle, a return on investment (ROI) calculation may be performed as part of the economic feasibility analysis. Often, many of the benefits from a new information system may be intangible benefits (e.g. system is easier to use or system enhances customer service, etc.) that are hard to quantify in an income statement. How would you suggest this be included in the economic feasibility analysis?
Answer to relevant QuestionsHow do you become a Certified Information Technology Professional (CITP)? What do they do on a daily basis?Consider the bar chart below of how accounting professionals’ activities have changed over time. Comment on how information technology affects the role of accountants. In what respects is this a positive trend or a ...Given the description of Hershey’s failed enterprise system implementation from the chapter, which of the four challenges of the enterprise described in the chapter seem to best explain what happened? Use Google or Yahoo! ...In the chapter, we discussed an example of Starbucks using the systems development life cycle to develop the capability to analyze what type of pastries sell best with its various hot and cold drinks. Now, let’s suppose ...The PERT chart below represents the tasks to be done to implement a system. Can you think of other steps that should be included? Is there adequate time for training given the Technology Acceptance Model’s recommendation ...
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