The Major Steps in the Process of Justifying Large-Scale EC

question 38

Multiple Choice

The major steps in the process of justifying large-scale EC and IT projects include each of the following except

• A) lay an appropriate foundation for analysis with your vendor, and then conduct your ROI.
• B) document and verify all figures used in the calculation. Clarify all assumptions.
• C) do not leave out strategic benefits, including long-term ones.
• D) be careful not to overestimate cost and underestimate benefits (a tendency of many managers).

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Definitions:

Increased Significantly

A term used to describe a situation where a change or difference is both statistical and meaningful in magnitude, indicating a departure from chance.

Significantly Reduced

A phrase typically used in research to indicate a notable decrease in the magnitude or quantity of a measured variable.

Not Affected

Remaining unchanged or undisturbed by external influences or events.

Deindividuation

A psychological state where an individual loses their self-awareness and sense of individuality, often leading to disinhibited and impulsive behavior, usually in group settings.