Shared Flashcard Set

Details

MIS 180 Final
Chapter 7
55
Business
Undergraduate 1
12/12/2011

Additional Business Flashcards

 


 

Cards

Term
An SoA organization would be...
Definition

Lean and agile using resources in the best way.

 

Proactive in addressing changes in the market.

 

Quick to respond and adapt to advances in technology.

 

Transformational in its processes, structure and HR initiatives to match a changing and dynamic workforce.

Term
Infrastructure
Definition

The structure beneath a structure.

 

IT infrastructure is the implementation of your organization's architecture.

Term
Enterprise Resource Planning (ERP)
Definition

Collection of integrated software for business management, accounting, finance, supply chain management, inventory management, customer relationship management, e-colaboration, etc.

 

Federal government will spend 7.7 billion on ERP in 2009.

 

60% of Fortune 500 companies have ERP systems.

Term
Materials Requirement Planning (MRP)
Definition
1970s; focus on production planning, calculating time requirements, procurement; basic automated manufacturing focus.
Term
MRP II
Definition
1980s; closed the loop to include financial and accounting systems and serve as a decision support tool for managers.
Term
ERP
Definition
Late 1980s/early 1990s; focus on critical "time to market"; shorter lead times; customers want it now.
Term
ERP II
Definition
Today; focus on complete ERP integration with CRM, business intelligence, and a host of other applications across the organization.
Term
SoA-Enabled ERP Advantages
Definition

Reliable information access

 

Avoids data and operations redundancy

 

Delivery and cycle time reduction

 

Cost reduction

 

Easy adaptability

 

Improved scalability

 

Global outreach

 

E-business support

Term
SoA-Enabled ERP Disadvantages
Definition

Time-consuming

 

Expensive

 

Lack of conformity of modules

 

Vendor dependence

 

Too many features

 

Too much complexity

 

Questionable scalability

 

Not enough extended ERP capability

Term
Computer Network
Definition

Fundamental underlying infrastructure for any IT environment.

- Decentralized

- Decentralized

- Distributed

- Client/server

- Tiered

Term
Decentralized Network Infrastructure
Definition

Involves little or no sharing of IT and other resources such as information.

 

Almost nonexistent today.

Term
Centralized Network Infrastructure
Definition

Sharing information systems in one central area or one central mainframe.

 

Like decentralized, almost nonexistent today.

Term
Distributed Network Infrastructure
Definition

Distributing the information and processing power of IT systems via a network.

 

First true network infrastrucure.

 

Processing activity is allocated to the location(s) where it can most efficiently be done.

Term
 Picture of Distributed Network Infrastructure
Definition
[image]
Term
Client/Server Infrastructure (Network)
Definition

One or more computers that are servers which provide services to other computers, called clients.

 

Servers and clients work together to optimize processing, information storage, etc.

 

When you surf the Web, the underlying network infrastructure is client/server.

Term
Picture of Client/Server Infrastructure
Definition
[image]
Term
Tiered (Layer) Infrastructure
Definition

The IT system is partitioned into tiers (layers) where each tier performs a specific type of functionality.

- 1-tier: single machine (word processor)

- 2-tier: basic client/server relationship (database query)

- 3-tier: client, application server, data or database server (web browsing)

- N-tier: scalable 3 tier structure with more servers

Term
Picture of Tiered Infrastructure
Definition
[image]
Term
Benchmarking
Definition

Process of continuously measuring system results and comparing them to benchmarks.

 

Benchmarks: Baseline values a system seeks to attain.

Term
Efficiency
Definition

Doing something right.

- In the least time.

- At the lowest cost.

- With the fewest errors.

- Etc.

 

Bottom-line initiatives typically focus on efficiency

Term
Effectiveness
Definition

Doing the right things.

- Getting customers to buy when they visit your site.

- Answering the right question with the right answer the first time.

- Etc.

 

Top-line initiatives tend to focus on effectiveness.

Term
Graph of Efficiency & Effectiveness Metrics
Definition
[image]
Term
Types of IT Success Metrics
Definition

Infrastructure-centric metrics

 

Web-centric metrics

 

Call center metrics

 

Financial metrics

Term
Infrastructure-Centric Metric
Definition
Measure of efficiency, speed, and/or capacity of technology.
Term
Throughput
Definition

Infrastructure-Centric Metric

 

Amount of information that can pass through a system in a given amount of time.

Term
Transaction Speed
Definition

Infrastructure-Centric Metric

 

Speed at which a system can process a transaction.

Term
System Availability
Definition

Infrastructure-Centric Metric

 

Measured inversely as downtime, or the average amount of time a system is down or unavailable.

Term
Accuracy
Definition

Infrastructure-Centric Metric

 

Measured inversely as error rate, or the number of errors per thousand/million that a system generates.

Term
Response Time
Definition

Infrastructure-Centric Metric

 

Average time to respond to a user-generated event, such as a mouse click.

Term
Scalability
Definition

Infrastructure-Centric Metric

 

Conceptual metric related to how well a system can be adapted to increased demands.

Term
Web-Centric Metric
Definition
Measure of the success of your Web and e-business initiatives.
Term
Unique visitors
Definition

Web-Centric Metric

 

# of unique visitors to a site (Nielsen/Net Ratings primary metric)

Term
Total Hits
Definition

Web-Centric Metric

 

Number of visits to a site.

Term
Page Exposures
Definition

Web-Centric Metric

 

Average page exposures to an individual visitor

Term
Conversion Rate
Definition

Web-Centric Metric

 

% of potential customers who visit your site and who actually buy something.

Term
Click-Through
Definition

Web-Centric Metric

 

# of people who click on an ad are are taken to another site.

Term
Cost-Per-Thousand
Definition

Web-Centric Metric

 

Sales dollars generated per dollar of advertising.

Term
Abandoned Registrations
Definition

Web-Centric Metric

 

# who start to register at your site and then abandon the process.

Term
Abandoned Shopping Carts
Definition

Web-Centric Metric

 

# who create a shopping cart and then abandon it.

Term
Call Center Metric
Definition
Measures the success of call center efforts.
Term
Abandon Rate
Definition

Call-Center Metrics

 

% number of callers who hang up while waiting for their call to be answered.

Term
Average Speed to Answer (ASA)
Definition

Call-Center Metrics

 

Average time, usually in seconds, that it takes for a call to be answered by an actual person.

Term
Time Service Factor (TSF)
Definition

Call-Center Metrics

 

% of calls answered within a specific time frame, such as 30 or 90 seconds.

Term
First Call Resolution (FCR)
Definition

Call-Center Metrics

 

% of calls that can be resolved without having to call back.

Term
Service Level Agreement (SLA)
Definition

Formal, contractually obligated agreement between 2 parties.

 

SLA must include IT success metrics.

 

SLAs are between your organization and outsourcing organizations.

- SLAs define how you will measure the outsourcing organization's efforts.

- These measures are in service level specifications (SLS) or service level objectives (SLO).

Term
Application Service Provider (ASP)
Definition

Supplies software applications (and related services) over the Internet that would otherwise reside on customer's computers.

- If you engage an ASP, you would do so with an SLA

Term
Business Continuity Planning (BCP)
Definition

Rigorous and well-informed organizational methodology for developing a business continuity plan, a step-by-step guideline defining how the organization will recover from a disaster or extended disruption.

 

BCP is very necessary today given terror threats, increased climate volatility, etc.

Term
Business Continuity Planning Methodology Graph
Definition
[image]
Term
BCP Methodology
Definition

1. Organizational strategic plan

 

2. Analysis

 

3. Design

 

4. Implementation

 

5. Testing

 

6. Maintenance

Term
Phase 1: Organizational Strategic Plan
Definition

It all starts here.

 

The strategic plan defines what is and what is not important.

 

You must have a business community plan for what is important.

Term
Phase 2: Analysis
Definition

Impact Analysis (risk assessment): Evaluating IT assets, their importance, and susceptibility to threat.

 

Threat Analysis: Document all possible major threats to organizational assets.

 

Impact Scenario Analysis: Build worst-case scenario for each threat.

 

Requirement Recovery Document: Identifies critical assets, threats to them, and worst-case scenarios.

Term
Phase 3: Design
Definition

Build disaster recovery plan, a detailed plan for recovering from a disaster. May include:

- Collocation Facility: Rented space and telecommunications equipment.

- Hot Site: Fully equipped facility where your company can move to.

- Cold Site: Facility where your company can move to but has no computer equipment.

Term
Phase 4: Implementation
Definition

Engage any businessses that will provide collocation facilities, hot sites, and cold sites.

 

Implement procedures for recovering from a disaster.

 

Train employees.

 

Evaluate each IT system to ensure that it is configured optimally for recovering from a disaster.

Term
Phase 5: Testing
Definition

As opposed to traditional SDLC, testing in BCP methodology occurs after implementation.

 

Simulate disaster scenarios.

 

Have employees execute disaster recovery plans.

 

Evaluate success and refine as necessary.

Term
Phase 6: Maintenance
Definition

Perform testing annually, at a minimum.

 

Change business continuity plan as organizational strategic plan changes.

 

Evaluate and react to new threats.

 

No "system" is ever complete.

Supporting users have an ad free experience!