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QUESTION - There are three system development strategies for developing an accounting information system. The first strategy is to buy standard software available in the market. The second strategy is to develop a company's own system using in-house expertise. The final strategy is to outsource a company's IT services to an outside company.
Required -
(a) Discuss the strengths of each strategy.
(b) Explain the steps that should be taken if a company opts to purchase standard software in the market.
(c) Describe the following concepts in system development.
(i) Prototyping
(ii) Business Process Management (BPM)
(iii) Computer-Aided Software Engineering (CASE) Tools
(iv) Agile Methodologies
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