Saturday 9 November 2013

Information Systems for Managers, Complete Notes of MBA,

Discuss some trends in IT development

In the world of globalization , Information system is such where it is collected, classified and put into process interpreting the result thereon in order to provide an integrated series of information for further communication and data analysis. In a worldwide increasingly assertive , Information System plays the role of " facilitator and mediator " which gives tactical values ​​to the officialdom and considerable step forward for management excellence . " An information system is a particular type of work system that uses information technology to detain, put on the air , store, retrieve , manipulate or display information , thereby partisan one or more other work structure ' . in totting up to taking sides assessment making , coordination and control , information systems can help managers and workers investigate problems , envisage complex subjects and generate new products or services. information technology has become the column vertebral Fortune 500 companies and more than one great wonders of medicine.

The capabilities of the information systems required depend on the type of business. I am specifying capabilities of information systems for professional services .

Key capabilities of the system

Integration

Data and business process consulting organizations go through all stages of the life cycle of commitment : selling , planning , delivery , collection and support. A system with real- time integration helps reduce the amount of manual input , reduce IT costs and helps the company to be more responsive to customers.
A business system consultants should leverage the tools used in day to day , such as Microsoft Office System and Microsoft Office Project , and must have a flexible architecture , making it easy to integrate with other tools , accessories and existing applications.
Reliability, Stability and Security
Secure enterprise computing is essential , not just for the obvious reasons . When customers know that their data is in good hands , can be a competitive advantage for the company.
Global Capacity
Capabilities such as multiple currency , multiple languages ​​, localization and overall customer support are critical for companies that cross , or want to be prepared to cross boundaries of geography, culture and business .
Simplicity and ease of use
A system with a single source of data entry, intuitive user interface , and minimal IT overhead shortens the learning curve, create higher morale among your team and stop doing more with less.
Project Planning and Programming
It is important that the infrastructure projects that reflect the best practices of the company , it makes sense to prospect for the company and ensure efficient use of resources. It is equally important to collect resources and information on costs and used in the report . Critical Path Schedules help ensure the highest priority work is done , and capabilities portfolio management consultants help companies identify trends and focus on the most important projects .
Human Resource Management
Competitive management consulting firms recruit, develop , implement and effectively support professional resources . They have a complete understanding of the skills and the availability of current and past and planned future demands , including sales channel . With this view , you can mount the skills most valued by the client and , therefore , command good rates of turnover. And with this view , the company can hire strategically deploy and develop resources that meet the needs of the project portfolio .

Risk Management

Customers have become wary of the risks inherent in consulting projects . A business software system can help the company provides a choice between scenarios based on different models of risk compensation . A business software system can also help set up approval processes driven workflow and schedule critical path from the beginning. Finally , can help configure automatic alerts , unless driven for Policymakers see and respond to risk issues quickly and without losing sight of the less important details .

Portfolio Management

The ability to view and manage portfolios of different dimensions (such as practice area and industry ) can help improve project management . You can identify underperforming activities and risk. What's more , the analysis tools can provide information on the overall portfolio performance , identifying trends and problem areas. And, of course , an idea of the portfolio and , in particular , the entire enterprise resource planning can help establish reliable plans during the bidding cycle .

Opportunity Management

Software and IT companies successfully develop , gather , and integrate their industry knowledge with the knowledge of customers and potential customers. Then take advantage of this knowledge in the management of these relationships. Therefore, the close integration of e- mail , activity of the customer account and history , opportunities , packaged offers , proposals, quotes , orders , literature , contacts, appointments , tasks and past projects is essential. It is also vital to manage prospects through a defined sales process automation rules to guide routing , notifications , approvals and escalations .
Historical information (a profitable and competitive bidding )
With forcing customers highly competitive offers and insisting on shared risks , it is essential to accurately forecast revenues prior to submitting a proposal. One of the keys to success is to maintain a rich repository of historical information of the project. Analytical tools then may be used to model alternatives . The proposed integration of the programming and resource management tools in the proposal stage can help ensure that all planned work is included in the cost proposal . Change modeling can help ensure the rates are adjusted to reflect the risk of several types of proposals , such as fixed price and time and materials.

Project tracking

The ability of team members to share knowledge helps projects run smoothly . An enterprise software system that enables people to manage, monitor and report on activities, even from distant locations , makes processes more efficient . Automatic alerts , automated workflows , and access to project data essential for the company in real time to make an efficient process. The right system can also help you get your customers to manage their part of the project effectively , using tools they already know , like Microsoft Office and Web browsers .
Shared Documents and collaboration
Portals help teams improve the quality and efficiency of collaboration. The ability to publish documents , while controlling different versions makes it easier to collaborate .

Subcontracts

Customers often require specialists with thorough knowledge . Assembling the necessary expertise to win business often requires association with other companies. A business software system can help locate documents and agreements and change orders. Automated payment controls can help protect cash flow , monitoring outstanding obligations and make payments contingent on the final results. This helps control the withholding of payments and pay - when - paid scenarios.

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