As Part of Effective IT Planning in Systems Development Life

question 36

Essay

As part of effective IT planning in systems development life cycle,a return on investment (ROI)calculation may be performed as part of the economic feasibility analysis.Often,many of the benefits from a new information system may be intangible benefits (e.g.system is easier to use or system enhances customer service,etc.)that are hard to quantify in an income statement.What are some intangible benefits of a state-of-the-art course registration system at your college or university?

Recognize the importance of training context, including physical and emotional elements.

Understand the application and benefits of on-the-job training and apprenticeships.

Appreciate the necessity of management support for successful training implementation.

Know the features and benefits of using learning management systems for training.

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Definitions:

Net Investment Income

The total income received from investment assets, like stocks and bonds, minus related expenses.

Investment Interest Expense

The interest paid on money borrowed to purchase taxable investments, which can be deducted up to the amount of net investment income.

Stock Purchase

The act of buying shares of a corporation, thereby acquiring a portion of ownership in the company.

High-Income Taxpayers

Individuals who are in the upper brackets of the tax scale, typically subject to higher tax rates and additional taxes on investment income.