Term
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Definition
| Place on the GHC that is a low risk investment. Most kinks have already been worked out. It can probably be confidently adopted but is most likely already picked up by many other companies. |
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Term
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Definition
| Place on the Gartner Hype cycle where the technology is still in development and may not have the kinks worked out. |
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Term
| In general, the earlier it is on the hype cycle the more risk there is bc it was to go through alot of changes before it plateaus |
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Definition
| What does the GHC say about risk? |
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Term
| Organizational Feasibility |
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Definition
| Will People actually use it? How comfortable are people/the company with change and doing something differently? Generally alot of resistance and fear when new products are brought in that change day to day activities. |
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Definition
| individuals willing to accept/take risks. usually are in the early phases of the hype cycle and want the alpha version of software asap |
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Definition
| Individuals willing to accept/take some risk. Would accept the beta version of a product. |
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Term
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Definition
| Individuals who are alittle skeptical but willing to take some risk in adopting new technologies |
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Term
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Definition
| Individuals who don't like the risk, and are alittle skeptical but are not going to wait to accept a product/technology |
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Definition
| Individuals who are extremely skeptical and don't like to have to move on stuff. |
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Term
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Definition
| one person or group of people within a company that are supporting the technological change and talking about how good it will be for the company to invest in this new technology. Not necessarily innovators but the ones who are suggesting the changes |
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Term
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Definition
| Can we afford it? Are we wasting our money by investing in this thing? Will the benefits exceed the costs? Can we afford not to do it? Will we be left behind if we don't? |
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Term
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Definition
| quantifiable, you know what it is, you can put your hands on it |
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Term
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Definition
| difficult to quantify, not priceless but you can't put a price on it |
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Term
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Definition
| Things we are used to dealing with. Such as software licenses, Computer Hardware, Maintence contracts... |
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Term
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Definition
| Increase Productivity, Lower Operating costs, Reduced workforce, Reduced facility costs... |
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Term
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Definition
| all applicable costs over a reasonable lifetime. Not just looking at how much something costs to setup in the first place. |
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Term
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Definition
| Learning curve, possible drop in morale, business partner ill will.. |
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Term
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Definition
| Improved decision making, improved resource control, higher customer satisfaction... |
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Term
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Definition
| The process by which a business determines whether LT capital investment projects are worth pursing. Assumptions are that all costs are known, all benefits are known, and all are expressed in terms of money and the expected length of the project is known. |
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Term
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Definition
| Time required to pay back the initial investment. (=Initial Investment/Annual New Cash Inflow) Assumes straight line cash flows. Good measure for high risk projects |
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Term
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Definition
| =Total Benefit/Total Costs. Simple formula. Can be used to rank projects. Organizations often set a minumum. Estimated life of the project is key. Use to try to make a decision |
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Term
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Definition
| =Return/Investment. is flexible (many varied) (Total Benefits - Total Costs)/Total Costs |
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Term
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Definition
| considers the time value of money. Tomorrows money is worth less than today's money. |
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Term
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Definition
| PV/C. A cost benefit ratio w the time value of money. Use when looking at multiple projects, trying to decide which one will be best in the long run |
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Term
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Definition
| The minimum rate of return an investment should earn. The R in the PV formula that gives NPV=0. |
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Term
| Probably should not accept project |
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Definition
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Term
| Probably should chose project |
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Definition
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Term
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Definition
| a graphical representation of the maturity , adpotion, and business application of specific technologies |
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Term
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Definition
| Does the technology exist? Do we have the expertise needed? Do we have the tools needed? Is the technology mature enough? |
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Term
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Definition
| Moderate Risk Type of IT resource due to technology life span uncertainty. Goal to leads to business flexibility and integration. |
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Term
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Definition
| Low risk type of IT resource. Advantages are reduces cost and boosts productivity |
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Term
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Definition
| Moderate to high risk type of IT resource because of the risk of acting of the information gathered. Provides a shorter time to market and better quality. |
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Term
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Definition
| what is our overall IT strategy? How do we satisfy the business strategy? What solution should we build or buy for that strategy? How will be deploy it? How will we maintain it? etc |
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Term
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Definition
| assemble and manage the organizations total IT investment. constantly evaluate the IT portfolio to gain the highest value with the lowest risk. |
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Term
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Definition
| Low Risk Value Proposition to keep costs down |
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Term
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Definition
| Value proposition that limits the extent of possible losses. High risk if not done. |
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Term
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Definition
| Value Proposition that improves business proccess. Moderate risk. |
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Term
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Definition
| the collection of IT investments: projects, people, hardware, systems |
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Definition
| Value proposition goal to keep costs within budget, an analysis of existing system and how to tweak it. Concerned with effeciency |
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Definition
| Value proposition to limit the extent of possible losses, and protest businesses, stay up/make sure they viable. reduce the risk for things they are doing now, not accessing how risky future projects could be |
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Definition
| Value Proposition concerned with improving business processes |
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Term
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Definition
| IT resource that shares services within and between firms and change how they work. Provide common communication/database/software etc |
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Term
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Definition
| IT resource that is also known as operational. Records and processes information relating to business transactions, anything you can gather about what's going on |
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Term
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Definition
| IT resource that provides self support for managerial decision making. Gathers operational data and uses it to make decisions, asking "what if" questions. |
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Term
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Definition
| systems (collection of interactive, interreactive components working towards a common goal) that collect, retreive, organize, process, store and distribute information. They support the operations, management, and decision making function of an organization and are based on information technology |
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Term
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Definition
| What are the business objectives of the system? For ex: to provide more personalized customer service, to reduce the cost of producing product X, to better moniter sales performance... |
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Term
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Definition
| Who are the people involved and what do they do? People are an integral part of an IS. Ex: product owner, user, trainer, operator, developer, and many more |
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Term
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Definition
| How do people interact with the system? Defines how people interact with the system to acheive work related goals. Can be formal and well documented... or not. |
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Term
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Definition
| text, images, sounds, video... |
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Term
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Definition
| raw fact representing an entity, event, or observation |
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Term
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Definition
| structured data, evaluated for a particular response, meaningful and useful to an organization |
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Term
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Definition
| Hardware, Software, Telecommunication and Networking |
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Term
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Definition
| computer, telephone, printer, scanner, etc |
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Term
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Definition
| instructions that tell the hardware what to do |
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Term
| telecommunication and networking |
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Definition
| facilitates communication between and amount computing devices and people |
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Term
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Definition
| Input, Processing, Output |
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Term
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Definition
| capture raw data from the organization or from its external enviorment (IPO) |
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Term
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Definition
| Convert data into information (IPO) |
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Term
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Definition
| transfer information to people who will use it (IPO) |
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Term
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Definition
The phase of the Hype Cycle where
businesses begin to learn about the true
benefits of a technology. |
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Term
| Peak of Inflated Expectation |
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Definition
The Hype Cycle Phase where technologies
tend to exhibit more failures than successes. |
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Term
| Infrastructure and Risk Reduction |
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Definition
A firm is contracting with another company to
host a colocation facility in order to ensure
24/7 availability of its systems. |
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Term
| Cost containment and infrastructure |
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Definition
A firm is attempting to convince its business
partners to use the newest ebXML standard
to streamline existing processes. |
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Term
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Definition
The type of Value Proposition a firm is
considering when it is going to build a new
accounting system to handle business in a
new market. |
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