What are the characteristics of MIS infrastructure? How do you use characteristi

Question

What are the characteristics of MIS infrastructure? How do you use characteristics of MIS to enhance business value in a value chain? What are two foundational works for system development? What is the best way to reduce the triple constraints? What are the tools that make modern day software system development so effective and Using 5 force model to compare the degree of uncertainty between UIC and NEIU. That is, compare the degree of uncertainty of all 5 forces between UIC and NEIU List three software packages that can convert data to information; List two concepts that can convert information to business intelligence; identify one key concept that can filter out intelligence to become knowledge

Explanation / Answer

1. Characteristics of MIS Infrastructure.

Usage of characteristics

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3. Best way to reduce the triple constraint.

Triple constraints are;

Scope/Quality – the project which is delivered at the end as the expectation of the client.

Resources/Cost – the cost estimation that is required for the project completion.

Time/Schedule – the time which is required to deliver the project.

The triple constraints should be balanced with each other to complete the project with the estimated cost to be provided as per the expectations of the client within the given period of time. So, make the triple constraints get balanced with each other.

The best ways to reduce the triple constraints are;

Understand the triple constraints – by knowing that the triple constraints are related with each other to complete the project.

Convey the triple constraints – knowing the importance of the triple constraints, and making sure that everyone who is involved in the project should have a keen knowledge about it.

Monitor the triple constraints – making sure that the key attributes of the triple constraints makes the project success with higher preference.

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12. Why is competitive advantage important?

            The goal of the organization is to develop a sustainable competitive advantage and the each firm is place its focus on it as a single attrivute. The competitive advantage examines the economics of a firm’s business for a long period of time, by focussing ability primarily to generate the capital returns in excess and getting linked with the business strategy with fundamental finance and capital markets. The competitive advantage always returns the earns in excess to the shareholders. The competitive advantage is the reason of life for the successful existence of the firm, the firm will get declined without it.

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20. What is policy and why it is important?

It is course of principle of action accepted or planned by an organization or individual. While dealing with the issues of the accountability or the activities that are of life-threatening reputation to the company, it provides the clearness to the person who reads. The activities like health and safety, legal liabilities, regulatory requirements or the issues which have solemn significances.

Importance of policies

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