"Study Questions

$1.$ Describe the relationship between strategic IS planning and the yearly budgeting and prioritization processes. What is the objective of each?

$2.$ Why should general and functional managers be involved in decisions about the funding of IS assets and services?

$3.$ What is a business case? What is its purpose? Who should be developing and presenting the business case for a new information system?

$4.$ Define the following terms: TCO and steering committee.

$5.$ Describe each of the three main IS funding methods and discuss the advantages and disadvantages of each.

$6.$ What is a CCOE? Describe its role and function in harnessing the potentials of SaaS solutions within an organization.

$7.$ What are the key drivers of new IS project risk? Why should a firm evaluate the aggregate risk of its portfolio of projects? What should the organization do if the current level of portfolio risk is not aligned with the degree of risk deemed appropriate according to the strategic IS plan?

$8.$ Define and differentiate the following terms: outsourcing, IS outsourcing, full outsourcing, and selective$$outsourcing$.$ What are the principal drivers and risks associated with IS outsourcing?"