COMP8750 Individual Assignment Page 1 Semester 2, 2020 Faculty of Science Department of Computing COMP8750: Information Systems Design and Management Individual Assignment Number One “Justification...

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Answered Same DayAug 21, 2021COMP8750Macquaire University

Answer To: COMP8750 Individual Assignment Page 1 Semester 2, 2020 Faculty of Science Department of Computing...

Sumit answered on Aug 21 2021
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COMP8750: Information Systems Design and Management
“Justification for IT Capital Projects”
Student Name:
Appropriate Models for Proje
cts:
There are a number of models based on which a company can evaluate a project. These models
are selected based on the needs of the company. As per Mian (2011), A firm has very limited
resources which they have to utilize in all the projects that a company has. Generally, the
resources are allotted based on the priority of the projects with respect to the deadline as well
as the financials of any company.
In the given case, the first method and the most common method that the company can use is
Financial Metrics Model. The company can use this method to study relationship between
financial non-financial data. The second method the company can use to rank the projects is
Information Technology (IT) Portfolio Model and the third model that can be used by the
company to rank the projects is Boston Consulting Group (BCG) Model.
Rationale Why the Models were Selected:
The first method (Financial Metrics Model) was chosen because it pays more attention towards
the financial aspects of the project. Since for any company to survive it needs to pay more
attention towards the profitability of a project and the Return on Investment (ROI). The
Financial Metrics Model ensures that the projects are selected based on the current financial
ability of the company and that the chosen project adds to the overall...
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