Set: APNM430

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All 59 Terms

Term Definition
ABC The following steps are part of what business process? 1. Identify Trigger 2. Define Process Flow (Current and Future) 3. Gather Cost Drivers 4. Compare Processes
ABC Activity Based Costing
Calculates the Cost For ABC The following formula does what? volume x time x cost
total process cost For Activity Based Costing, this is the sum of all the BOXes, from the various cost centers.
TCO Total Cost of Ownership - Analysis to find the lifetime costs of purchasing, operating and changing. NOT complete cost / benefits analysis
Trigger "A car accident initiates a claim process" would be an example of what?
Cost Drivers Time, Volume (per year), Cost (Resources per minute)
TCO Economic Model is made of ...
Financial Model Balancing between immediate costs and long term investments, includes ROI, NPV and ratios
Simple ROI (Gain - Investment Costs) / Investment Costs. Financial metric of the value of a business investment
ROI [Benefits - Costs / Costs + Risks] x 100
Payback Period [Investment Amount / Annual Cashflow] = How long it takes to recover the cost
Break Even Analysis The Payback Peroid is also known as ____
Payback Most Popular Financial Modelling Tool
Net Present Value Difference Between the cost of an investment and return on investment measured in today's $. NPV > 0; accept project
IRR Internal Rate of Return
Internal Rate of Return If IRR > Cost of Capital, ACCEPT project
NPV Formula Sum of Each year of ([PV / ((1 + rate)^time)] - Capital Outlay )
TCO Centralize Support, have education and training, streamline purchasing, standardize technology, strat. alignment lowers what?
Business Case Business objectives, Opportunites / Threats, Proposed Actions, Constraints
Business Case Methods Define scope of a project, define scope of product / solution, scenario analysis, major assumptions, Economic Model, Estimated Benefits
Cost and Benefit Analysis Using the Payback periods, NPV, and ROI creates a...
Risk Analysis Identify Risks, gauge probability, estimate impact, find strategy
Portfolio Management When an asset is held in a portfolio it is less risky then held in isolation. This is part of ______
Expected Return Weighted Average = (Rate of Return on Portfolio * Rate of Return on Stock ) for each asset in the portfolio generates what measurement?
Aligning Business and IT Business has multiple and competing goals and strategies; business constantly adopting; it capabilities take time to build. How does one accomplish this?
Aligning Business and IT The following steps are associiated with which process? 1. Business Goals and Strat. 2. IT Goals and Strat. 3. It Investment Portfolio 4. Infrastructure
Why companies invest in IT 1. Informational 2. Strategic 3. Transactional 4. Infrastructural
Strategic Increase sales, market position: SUSTAINABLE COMPETITIVENESS
Informational Increase Control, Better Info and Integration: BETTER DECISION MAKING
Transactional Cut costs / Increase throughput: IMPROVE EFFICIENCY
Infrastructure Business Integration / Standardization: MAXIMIZE ROI AND FLEXIBILITY
Life Cycle of IT 1. Form Strategic Initiative (increase sales) 2. Then Informational (better management) 3. Transactional (Reduce Costs) 4. Infrastructure (shared service for industry)
Strategic Context Strategic Intent, Current Strategy, Business Goals (SCB)
Strategic Intent Specification of long term, stable goals
Current Strategy How a firm specifies it will do business today
Business Goals From SI and CS
Alignment Harmony between IT portfolio and 3 constructs of strategic context
Reach Single BU --> Anyone Anywhere
Range Send Message / Access to Data / Simple Transaction / Complete Transaction
Strength SWOT: Attributes of an organization that are helpful to fulfill an objective.
Weakness SWOT: Attributes of an organization that are harmful to an objective.
Strengths, Weaknesses SWOT: Internal-based conditions of an organization.
Internal SWOT: Strengths and Weaknesses are this.
Opportunities SWOT: External conditions helpful to achieving the objective
Threats SWOT: External conditions harmful to achieving the objective
Opportunities, Threats SWOT: External-based conditions of an objective
External SWOT: Opportunities and Threats are this.
Primary PVC: Inbound Logistics, Processing, Distribution, Sales / Marketing, Service
Secondary Human Resources, Partnerships, Technology, Firm Infrastructure
Inbound Logistics, Processing, Distribution, Sales / Marketing, Service PVC: The primary cost centers.
Human Resources, Partnerships, Technology, Firm Infrastructure PVC: The secondary cost centers.
substitute products, new entrants, competitive rivalry, bargaining power of suppliers, bargaining power of consumers P5F: The Five Forces.
No When a car part company controls much of the industry, is it an attractive industry to enter for a car company?
Suppliers When a car part company controls much of the industry, what power is there?
Threat of New Entrants Profitable markets create attraction to other companies. This is from:
Cost Leadership PGS: This strategy is all about efficiency, the production of large amounts of standardized products.
Differentiation PGS: This strategy is about creating a product perceived as unique, and this uniqueness adds value to the consumer.
Segmentation PGS: This strategy is focused on a few select markets. Focus / Niche strategy. Small firms.

Set Information

Terms 59
Creator sturmtiger1942
Created December 10, 2007
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sturmtiger1942 : Changed Why do firms invest in IT → 1. Informational 2. Strategic 3. Transactional 4. Infrastructural to Why companies invest in IT → 1. Informational 2. Strategic 3. Transactional 4. Infrastructural
sturmtiger1942 : Changed Economic Model → TCO to TCO → Economic Model is made of ...
sturmtiger1942 : Changed Financial Modelling → Striking a Balance Between Immediate Costs and Long Term Savings. NPV, ROI, Payback Peroid to Financial Model → Balancing between immediate costs and long term investments, includes ROI, NPV and ratios
sturmtiger1942 : Changed Cost and Benefit Analysis → Payback periods, NPV, ROI to Cost and Benefit Analysis → Using the Payback periods, NPV, and ROI creates a...
sturmtiger1942 : Changed Most Popular Tool → Payback to Payback → Most Popular Financial Modelling Tool
sturmtiger1942 : Changed Portfolio Management → asset held in a portfolio is less risky then held in isolation to Portfolio Management → When an asset is held in a portfolio it is less risky then held in isolation. This is part of ______
sturmtiger1942 : Changed ABC for business process → 1. Identify Trigger 2. Define Process Flow (Current and Future) 3. Gather Cost Drivers 4. Compare Processes to ABC → The following steps are part of what business process? 1. Identify Trigger 2. Define Process Flow (Current and Future) 3. Gather Cost Drivers 4. Compare Processes
sturmtiger1942 : Changed Calculate Cost For ABC (BOX) → volume x time x cost to Calculates the Cost For ABC → The following formula does what? volume x time x cost
sturmtiger1942 : Changed How to Reduce TCO → Centralize Support, have education and training, streamline purchasing, standardize technology, strat. alignment to TCO → Centralize Support, have education and training, streamline purchasing, standardize technology, strat. alignment lowers what?
sturmtiger1942 : Changed Aligning Business and IT → Business has multiple and competing goals and strategies; business constantly adopting; it capabilities take time to build to Aligning Business and IT → Business has multiple and competing goals and strategies; business constantly adopting; it capabilities take time to build. How does one accomplish this?
sturmtiger1942 : Changed Expected Return → Weighted Average = (Rate of Return on Portfolio * Rate of Return on Stock ) for each asset in the portfolio to Expected Return → Weighted Average = (Rate of Return on Portfolio * Rate of Return on Stock ) for each asset in the portfolio generates what measurement?
sturmtiger1942 : Changed total process cost → (BOX) for each cost center. Add together to total process cost → For Activity Based Costing, this is the sum of all the BOXes, from the various cost centers.
sturmtiger1942 : Changed Break Even Analysis → Payback Peroid to Break Even Analysis → The Payback Peroid is also known as ____
sturmtiger1942 : Changed How to Align IT with business → 1. Business Goals and Strat. 2. IT Goals and Strat. 3. It Investment Portfolio 4. Infrastructure to Aligning Business and IT → The following steps are associiated with which process? 1. Business Goals and Strat. 2. IT Goals and Strat. 3. It Investment Portfolio 4. Infrastructure
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Most Missed Words

  1. Aligning Business and IT → The following steps are associiated with which process? 1. Business Goals and Strat. 2. IT Goals and Strat. 3. It Investment Portfolio 4. Infrastructure - 3 misses
  2. total process cost → For Activity Based Costing, this is the sum of all the BOXes, from the various cost centers. - 2 misses
  3. Break Even Analysis → The Payback Peroid is also known as ____ - 2 misses
  4. Cost and Benefit Analysis → Using the Payback periods, NPV, and ROI creates a... - 2 misses
  5. Portfolio Management → When an asset is held in a portfolio it is less risky then held in isolation. This is part of ______ - 2 misses
  6. Expected Return → Weighted Average = (Rate of Return on Portfolio * Rate of Return on Stock ) for each asset in the portfolio generates what measurement? - 2 misses
  7. Aligning Business and IT → Business has multiple and competing goals and strategies; business constantly adopting; it capabilities take time to build. How does one accomplish this? - 2 misses