There Are Many Principles to Consider When Embarking on a Major

question 31

Essay

There are many principles to consider when embarking on a major systems development project such as an EHR implementation. The chapter suggests at least eight such principles. Name at least three.

---

Definitions:

Straight-Line Method

A method of depreciation that allocates an equal portion of an asset’s cost to each year of its useful life.

Payback Period

denotes the length of time required to recoup the cost of an investment, helping investors understand the risk and liquidity of the project.

Simple Rate of Return

A method to estimate the profitability of an investment, calculated by dividing the net annual income by the initial investment cost.

Deliver of Prescriptions

The process or service of delivering prescribed medication to patients.