Exam 7: Development Strategies

_____ is a percentage rate that compares the total net benefits received from a project to the total costs of the project.

In the context of in-house software development options,the choice between developing versus purchasing software often is called a _____ decision.

_____ is an example of a nonprofit organization that publishes standards and reports for its members and the general public.

Many firms feel that in-house IT resources and capabilities provide a competitive advantage because an in-house team can respond quickly when business problems or opportunities arise.

A _____ is a document that describes a company,lists the IT services or products needed,and specifies the features required.

Typically,customers purchase licenses that give them the right to use software under the terms of the license agreement.

Identify a major web-based development environment.

The _____ of a project is the total value of the benefits minus the total value of the costs,with both costs and benefits adjusted to reflect the point in time at which they occur.

Although the traditional model of software acquisition still accounts for more software acquisition,a new model,called Hardware as a Help,is changing the picture dramatically.

By designing a system in-house,companies can develop and train an IT staff that understands the organization's business functions and information support needs.

In the context of in-house software development options,a firm that enhances a commercial package by adding custom features and configuring it for a particular industry is called a(n)_____.

Cloud computing can be viewed as an online SaaS and data environment.

SaaS increases the customer's need for software maintenance,operation,and support.

In a(n)_____,the web becomes an integral part of the application,rather than just a communication channel,and systems analysts need new application development tools and solutions to handle the new systems.

Mission-critical IT systems should be outsourced only if the result is a cost-attractive,reliable business solution that fits the company's long-term business strategy.

_____ reduces the customer's need for software maintenance,operation,and support.

If a software package is purchased,consider a _____,which offers additional support and assistance from the vendor.

The _____ must include users,who will participate in the selection process and feel a sense of ownership in the new system.

Building an application in a _____ environment can offer greater benefits,and sometimes greater risks,when compared to a traditional environment.

Which is true of a traditional systems development environment?