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Information System Strategic Planning

In: Business and Management

Submitted By andersld
Words 6140
Pages 25
Running head: INFORMATION SYSTEM STRATEGIC PLANNING

Information System Strategic Planning, the Cost of Efficiency
Student Name

University Any Town, Virginia

September 2010

Certification and Approval

A Directed Research Project on Information System Strategic Planning the Cost of Efficiency: Is there a preferred approach to information systems planning, submitted to the Graduate Faculty of Strayer University in candidacy for the degree of Master’s of Science in Information Systems.

Submitted by: _________________________Date: _______________

Approved by: ___________________________ Date: _______________
ABSTRACT

Information systems’ planning is often costly to implement and maintain; however, sound planning practices may reduce expenses associated with the development processes. A Formal methodical approach to systems analysis, requirements engineering, systems design, development, and construction may offer a reduction in development and certain aspects of life cycle support expenses. Corporate expenses may reach approximately 5% of their gross income on information systems development and support. This equates to approximately $15,000,000 to $35,000,000 annually (Whitemarsh Information Systems Corp. 2008, p.). Information systems may cost significantly less. In comparison, information systems, contingent upon other factors such as size of the company, and complexity of the information system cost may range anywhere from $2,000,000 to $10,000,000 per system. Corporate leadership clearly has a strong influence upon information system expenditures and may have unrealistic expectations associated with anticipated return on investments in information systems. This research paper explorers the need for a formalized approach to systems development and the methodologies available to the developer. Additionally, this research…...

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