Peter Weill's produced a study that identified the 4 main categories that make up a company's IT portfolio: the IT infrastructure, transactional systems, informational systems, and strategic systems. Weill's research shows that most companies spend a majority of their IT portfolio on the 1.______ and the least amount of money is spent on the 2. __________. A company that is seeking to be highly agile should spend more money on the 3. __________ to provide a nimble platform and less money on the 4. _________ which tends to lock in current business processes.
Definitions:
Expected Demand
An estimation of the quantity of a product or service that consumers will purchase in a specific period.
Daily Profit
The financial gain or loss a business experiences in a single day of operation.
Probabilities P
A mathematical determination of the likelihood of a specific event occurring, usually expressed as a number between 0 and 1.
Event A
A specified outcome or set of outcomes of a random experiment.
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