I need a research paper on a new IT acquisition which includes What is the backg

Question

I need a research paper on a new IT acquisition which includes

What is the background of your problem statement?

Why did you select the specific problem statement?

Risk analysis is a critical part of the acquisition process and is often not done very well. which ones do you believe would be most likely to be identified and accurately measured and which ones either less likely to be identified at all or measured correctly. Explain why. Does your analysis allow you to draw general conclusions on the type of risk that would be likely to be overlooked or mis-analyzed in future projects you might work on?

The decision to perform an acquisition is heavily influenced by how it relates to the strategic business goals of an organization. Explain why you think the acquisition you are detailing in your submitted Activities potentially supports the strategic business goals of the organization.

Please include references. Any topic in IT acquisition is fine.

Explanation / Answer

Background of Problem Statement

IT acquisition points to an investment that involves the spending of finances for information technology, which could address a single acquisition. It can involve a logical grouping of hardware, software, telecommunications and support services that will involve multiple acquisitions; or a project that will take place either within a particular fiscal year or over a longer life cycle and involve multiple acquisitions (US Department of Commerce, 2007).

One of the most important evaluations in decision making process is finding the business aim after first understanding the problems. The management should chiefly and foremost assess the business processes included in the organization. Information systems are usually developed as enablers of the business processes. The first phase of the acquisition process should align the business process with the company objectives and the business plan. Moreover, each process should be carefully analyzed to ensure that it will have the certain functionality to meet the requirements of the business process and the users, as well as the benefits which can be justified with its cost (Xia & Lee, 2004)

Reason for selecting problem statement

The reason for selecting this aspect is the challenge of acquiring knowledge of information systems. This is for the reason to define the system requirements. System requirements describe the objectives of the system. Also, the necessities should integrate information about system inputs, information being progression in the system, and the information anticipated out the system. Each of this information should be clearly defined so that later gaps in requirements and expectations are avoided. Information system requirements can be collected through interviews, questionnaires, existing system derivation, benchmarking with related system, prototyping, and Rapid Application Development (RAD) (Gallegos, S., Manson, & Gonzales, 2004).

Risks associated with the acquisition process

The various risks associated with the acquisition process are operational risks, technical risks, economic risks, legal and contractual risks and political risks.

Out of all the above mentioned risks, the risks that can be most likely to be identified and accurately measured are the legal and contractual risks and political risks. If the contracts are assessed carefully with proper involvement of a legal team, the legal and contractual risks can be mitigated and avoided before and during the process of acquisition. Further, the political risks can also be assessed well in advance by proper analysis of the political condition in the past and the present phases there by recognizing the pattern (if any) that exists.

The economical risk can also be mitigated upto some extent by proper analysis of the market scenario and condition. It is not that easy to assess the operational and technical risks until and unless the actual process takes place because till that time there is no physical evidence to analyse the issues in the operation and working of the product.

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