Bob Is Selecting a Systems Analysis and Design Methodology

question 65

Multiple Choice

Bob is selecting a systems analysis and design methodology.What might be the first step?

• A)Selecting the shortest methodology
• B)Researching the organizations standards and policies for 'approved' methodologies
• C)Interviewing senior management as to their suggestions on methodologies
• D)Do a quick 'cost/benefit' analysis on which methodology will provide the most benefits at the lowest cost
• E)Do an analysis on which methodology might lessen or eliminate scope creep

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Definitions:

Changes in Outputs

Variations in the quantity or quality of a company's production or services over a given period.

Contribution Margin Ratio

A financial metric that shows the percentage of sales revenue that exceeds variable costs, indicating how much revenue contributes to fixed costs and profit.

Break-Even Point

The point where total costs and total revenues are equal, leading to no profit or loss from production or sales.

Fixed Costs

Costs such as rent, salaries, and insurance are invariant, unaffected by the quantity of production or sales.