Compact Cases The following report was presented to the board of directors by a systems analysis team assigned to address the Compact Cases information processing needs The Compact Cases Corporation has decided on several objectives, both long and short term, which it would like to achieve over the next few years Achieving these targets means making improvements in the company's present information systems Long Range Goals Four long range corporate goals have also been identified that will affect Compact Cases Corporation's information systems Operate under a Total Quality philosophy Acquire at least two new companies through merger or acquisition Develop a management infrastructure capable of developing and supporting the company's growth Achieve a corporate profit of $300 million over the next three years For Compact Cases, a critical factor in successful achievement of these goals will be the ability to collect, process, and analyze information in a considerably more effective manner than at present Short Range Objectives In the interim, several short range objectives have also been identified by management as essential to improve the current business situation of Compact Cases Design a new information system capable of delivering support at the appropriate management levels Develop a stable management infrastructure capable of utilizing improved information flow Acquire or merge with at least one company within the next two years Achieve a corporate profit of $100 million in the current financial year A well designed information system identified as one of Compact Cases short range objectives is essential for the company to meet its long range goals Features of the Management Information System Based on both sets of objectives, the development team has identified the following business requirements for the new information system Availability of financial status information on all corporate holdings in a real time mode Decision support capabilities using the appropriate simulation and business modeling techniques A data mining capability to facilitate the operational enquiries of junior management Flexibility to handle an expanding and diverse corporate base Functions of the Management Information System To provide the features and capabilities identified above, the company's new information system must Link into existing and future systems using industry standard interfaces Consolidate data from a variety of diverse sources into a standard Data Warehouse Enable the extraction of useable information at a variety of operational levels Integrate the information flow from all operations in order to facilitate executive management's strategic planning Requirements After reviewing the information presented in the systems analysis team report, what would be your plan for auditing the first stage of the development project namely the business design process What are the major control issues you would identify at the feasibility study stage

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Compact Cases The following report was presented to the board of directors by a systems analysis team assigned to address the Compact Cases information processing

Compact Cases

The following report was presented to the board of directors by a systems analysis team assigned to address the Compact Cases information processing needs.

The Compact Cases Corporation has decided on several objectives, both long and short term, which it would like to achieve over the next few years. Achieving these targets means making improvements in the company's present information systems.

Long-Range Goals

Four long-range corporate goals have also been identified that will affect Compact Cases Corporation's information systems:

Operate under a Total Quality philosophy.
Acquire at least two new companies through merger or acquisition.
Develop a management infrastructure capable of developing and supporting the company's growth.
Achieve a corporate profit of $300 million over the next three years.

For Compact Cases, a critical factor in successful achievement of these goals will be the ability to collect, process, and analyze information in a considerably more effective manner than at present.

Short-Range Objectives

In the interim, several short-range objectives have also been identified by management as essential to improve the current business situation of Compact Cases:

Design a new information system capable of delivering support at the appropriate management levels.
Develop a stable management infrastructure capable of utilizing improved information flow.
Acquire or merge with at least one company within the next two years.
Achieve a corporate profit of $100 million in the current financial year.

A well-designed information system identified as one of Compact Cases short-range objectives is essential for the company to meet its long-range goals.

Features of the Management Information System

Based on both sets of objectives, the development team has identified the following business requirements for the new information system.

Availability of financial status information on all corporate holdings in a real-time mode.
Decision support capabilities using the appropriate simulation and business modeling techniques.
A data-mining capability to facilitate the operational enquiries of junior management.
Flexibility to handle an expanding and diverse corporate base.

Functions of the Management Information System

To provide the features and capabilities identified above, the company's new information system must:

Link into existing and future systems using industry-standard interfaces.
Consolidate data from a variety of diverse sources into a standard Data Warehouse.
Enable the extraction of useable information at a variety of operational levels.
Integrate the information flow from all operations in order to facilitate executive management's strategic planning.

Requirements

After reviewing the information presented in the systems analysis team report, what would be your plan for auditing the first stage of the development project namely the business design process? What are the major control issues you would identify at the feasibility study stage?