If an Intended Benefit of an IT Project Is Improved

question 82

True/False

If an intended benefit of an IT project is improved decision making,managers should develop a set of metrics to quantify the value of an improved decision.

Determine the implications of changes in output on total costs, marginal costs, and average costs.

Comprehend the impact of fixed and variable costs on total cost, and how each changes with output levels.

Analyze cost behavior in the short run using various cost curves and identify the points of diminishing returns.

Understand the effect of an additional unit’s score on the overall average in a dataset.

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Definitions:

Relational Architecture

The design and structure of social or organizational relationships and networks.

Co-workers

Colleagues or individuals who work together in the same organization or workplace.

Stretch Assignments

Challenging assignments and projects that are larger in scope than one’s current job and involve more responsibility.

Same Level

Refers to elements or factors that are at an equivalent position or rank within a hierarchy or system.