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TASK 1
What are the key system applications in a business? What role Data/Information plays to support the management decision making. Examine the criteria to be applied when selecting data and information to support decision making
TASK 2
What tools and technologies can make data more accessible and useful? Evaluate the formats in which information can be offered, stored, accessed within the organisations
TASK 3
Are there any special systems that can facilitate (strategic) decision-making among senior managers? Evaluate a range of decision making tools and techniques available to support a strategic decision making? Exactly what can these systems do to help high-level management & operational level management?
Task 4
How can company/organisations make sure that the new strategic information management systems it builds fit its business plan? What are the methods to evaluate the management information system in organisation?
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Payback period = total cost of investment / estimated annual revenue
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