Cost-Benefit Analysis

question 56

Multiple Choice

Cost-benefit analysis:

• A)evaluates the design of data structure and content.
• B)is a review of how soon the system of software application will become outdated.
• C)shows the flow of data between departments.
• D)uses information regarding materials, time, people, and hardware to determine the value of a software application of system.
• E)evaluates the importance, frequency, and criticality of automating specific tasks within a functional area.

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Definitions:

Advantages

The beneficial aspects or favorable positions that come from a particular situation, decision, or condition.

Hard Data

Quantifiable, objective facts or statistics that are usually measurable and verifiable.

Identifying Problem

The process of recognizing and defining issues or challenges that need to be addressed.

Implementing Solutions

The process of putting into action or executing strategies and plans to address specific problems or challenges.