In Order to Approve a System Request, the Approval Committee

question 28

Multiple Choice

In order to approve a system request, the approval committee must know

• A) all of the details of the ultimate system to be developed.
• B) the high level functionality of the system.
• C) what the screens and reports will look like in the final system.
• D) who the end users of the system will be and exactly how they will use it in their jobs.
• E) all of the above.

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Definitions:

Network Effect

The phenomenon whereby a product or service gains additional value as more people use it.

Virtuous Circle

A chain of events that reinforce themselves through a feedback loop, leading to positive outcomes in a business or economic context.

Synergy

The combined effect of a group that exceeds the sum of the effects produced by each individual component, often leading to increased efficiency or productivity.

Situation Assessment

An analysis of the internal and external environment of a company to understand its current condition and identify opportunities and threats.