Explain Why It Is Easier to Assess the Costs of an IT

question 7

Short Answer

Explain why it is easier to assess the costs of an IT project than to assess the benefits.What factors complicate the cost estimates? What factors complicate the benefits estimates? Do the risks associated with the project primarily affect the costs or the benefits? Why?

Determine the maximum price to pay for an outside supplier versus producing internally.

Analyze the effects of discontinuing a department or product line on a company's overall net operating income.

Understand the principles behind cost-plus pricing.

Calculate and compare production costs for making vs. buying decisions.

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Definitions:

Phishing

A type of cyberattack in which attackers disguise themselves as trustworthy entities via electronic communication channels to fraudulently obtain sensitive information from individuals.