Case of tailor made software, Management Information Sys

Assignment Help:

Question:

(a) Fincorp Ltd is an insurance company wishing to change over to a better business system using an improved version of a financial information system (FIS). The director has two choices, namely either to (i) .develop a new tailor made software for the company's financial insurance services or (ii). buy a new off the shelf software. Advise the director of Fincorp whether to invest on (i) or (ii). Give detailed information on how the investment shall be done.

(b) Explain how a project is fully managed in a case of tailor made software.


Related Discussions:- Case of tailor made software

Briefly describe the major ict infrastructure, Question: (a) By making ...

Question: (a) By making use of examples of your choice distinguish between Transaction Processing Systems and Management Information Systems. (b) Distinguish between differ

Decision making, identify stages and level of decision making

identify stages and level of decision making

Definition and meaning of management information system, DEFINITION AND MEA...

DEFINITION AND MEANING OF MANAGEMENT INFORMATION SYSTEM   There are numerous definitions of  Management Information System.  Yet the fundamental concept remains essentially the

Current lists - selection tools of information, Current Lists: Current...

Current Lists: Current books - those that are published during the year - represent the majority of materials usually acquired by most libraries, although it may not always be

Give 6 differences between oltp and olap, QUESTION 1 (a) Give 6 differe...

QUESTION 1 (a) Give 6 differences between OLTP and OLAP (b) Describe the process of transformation of OLTP data so that it gives acceptable performance in an OLAP system

What are group dss, Management Information System 1. Define MIS and its...

Management Information System 1. Define MIS and its objectives. What are the characteristics of MIS? 2. Explain data processing. 3. What are the recent developments in da

Information retrieval system (irs) , Definition of an Information Retrieval...

Definition of an Information Retrieval System (IRS)  According to Sparck Jones an Information Retrieval System is a set of rules and procedures, for performing some or all of t

MIS, Adoption of Internet Banking

Adoption of Internet Banking

Development of library networking, Development of Library Networking T...

Development of Library Networking There has not been an agreed set of definitions as to what the term 'network' means in the information sense. The Oxford English Dictionary s

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd