Ch 11 Do you think there's a work around for software that is new to the corporation?What would you expect to lessen the risk?

ch 12 Even with all the tools and experts looking and analyzing the data, what must the company's culture be?

Original Post:

Chapter 11) What determines the level of technical risk associated with a project? What determines the level of organizational risk? How can a general manager assist in minimizing these risk components?

The technical risk that is associated with a project is determined by several factors. These factors include how long the technology has existed in the world, how long the technology has existed in an organization, and how the complexity of the technology(Pearlson et al., 2015). There are also factors that determine the organizational risk associated with a project. The applicable factors include how long the technology has existed in an organization, the complexity of the change to the organization, and how much of the organization will be affected by the change(Pearlson et al., 2015). There are additional factors to consider in this regard, as well. These include how long it will take to make the change and how easy it would be for the organization to adapt to the changes(Pearlson et al., 2015). These factors illuminate risk considerations an organization must discuss regarding new projects. A general manager can assist in minimizing the risk components by institute strategic planning(Seyal, 2019). This planning would involve proposing alternative methods, monitoring the progression of the project, and analyzing the metrics of the risks that are associated with the project.

Chapter 12) What does it take to be a successful competitor using business analytics? What is the role of IT in helping build this competence for the enterprise?

In determining what constitutes a successful competitor using business analytics, there are four components to consider. Two of those components involve the source of the data and the software tools used to conduct statistical analysis(Pearlson et al., 2015). The other two components involve the organization's environment being data-driven and having a workforce skilled in analytical tools(Pearlson et al., 2015). The role of IT in helping build this competence for the enterprise is multi-faceted. This includes monitoring the enterprises structured, and unstructured, data, as well as, ensuring the effective implementation of data warehouses(Pearlson et al., 2015). The IT department also helps in managing the sources of the data. In doing so, the IT team ensures real-time data is obtained through the enterprise's analytics program(Al-Haddad et al., 2019). Although these two responsibilities are not all-encompassing, they outline two primary factors pertinent to the effectiveness of an IT department.

Trish

References

Al-Haddad, S., Thorne, B., Ahmed, V., & Sause, W. (2019). Teaching information technology alongside business analytics: Case study.Journal of Education for Business, 94(2), 92-100. https://doi.org/10.1080/08832323.2018.1507987

Pearlson, K. E., Saunders, C. S., & Galletta, D. F. (2015).Managing and using information systems: A strategic approach.Wiley.

Seyal, A. H. (2019). Evaluating information technology strategic planning process: Lesson learnt from Bruneian small businesses.Strategy and Behaviors in the Digital Economy. https://doi.org/10.5772/intechopen.84449