Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
GreenTea Investment Ltd (GIL) is an investment bank. In 2015, GIL decided to purchase software for asset management from specialized vendors. This software allowed fund managers to run analytics on portfolios and run detailed simulations of market trends. GIL finally appointed a software house to customize and install the analytics system. The software house sent a team of ten system analysts to complete this project. The software house also trained two computer operators from GIL who would be responsible for minor issues and basic maintenance of the system. The software house would deal with any big problems. The development team took six months to complete the system and to integrate it into GIL’s existing accounting information systems. The two GIL computer operators took two weeks to test the new system to ensure compatibility.
GIL was very satisfied with the performance of the analytics system. After using the system for 18 months, GIL decided to upgrade the system. This time, GIL decided to use new raw market data feedto run simulations. This required significant changes to the source code of the analytics system. The two computer operators were able to implement the changes in the analytics system within a month. To speed up the process, the updating of system documentation was postponed to six months after using the new data feed. The two computer operators were deployed back to their original roles afterwards.
GIL is now thinking of not renewing the maintenance contract with the software house. Instead, it believes that the two computer operators will be able to perform system maintenance work at a lesser cost.
Required:
(a) Discuss the major internal control problems in GIL’s system development approach.
(b) With reference to the COBIT 5 Process Reference Model, suggest an appropriate control activity for each of the control problems that you have identified in (a).
Operations Management is about a book review. Title of the book is "Goal". This book has been written by Dr. Eliyahu Goldartt. The book has been appreciated by many as one of those books which offers an insight into the operations and strategic capac..
Operational plan pertaining to a hospitality enterprise is given in detail in the solution. The operational plan is an important plan or preparation which gives guidelines regarding the role and responsibilities of each and every operation at all lev..
Recognise the importance of a strategic approach to the development and deployment of organisational information systems. Demonstrate an understanding of the importance of databases and their integration to the organisation's overall information mana..
An analysis of the holding costs, including the appropriate annual holding cost rate.
Briefly explain Evolution and contributor of Operations management.
A number of drivers of change have transformed the roles, functions and responsibilities of an operations manager over recent years. These drivers have not only been based on technological innovations but also on the need for organisations to develop..
Compute the Optimal Order quantity of DVD players. Determine the appropriate reorder point.
Evaluate problems in operations and identify approaches to overcoming them. Critically evaluate operating plans and identify areas for improvement. Justify, implement and evaluate changes to operations in line with modern approaches.
Develop a report for Figi Fabricating that will address the question of whether the company should continue to purchase the part from the supplier or begin to produce the part itself.
Prepare a staffing plan showing the change of your unit from medical/surgical staffing to oncology staffing.
Ccompare the effectiveness of different leadership styles in different organizations
Be able to understand the concept of risk, roles and responsibilities for risk management and risk management tools and models.
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd