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MIST FINAL
MIST FINAL
92
Management
Undergraduate 2
09/30/2013

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Term
System Development Life Cycle
Definition
- Process of IT-Enabled change
Analysis -> Requirements -> Design -> Development -> Implementation
Term
Triple Constraints
Definition
Resources, Schedule, Scope
Term
Scope Creep, Leap, Grope
Definition
Scope Creep - Adding features or capabilities incrementally (not part of original scope)
Scope Leap - Drastic change or increase in project's scope
Scope Grope - Project team can't define scope
Term
Business Modeling 'Canvas'
Definition
Business model - What a business does and why
- Value proposition, key activities, key partners, cost structure, key resources, customer relationships, customer segments, channels, and revenue streams
Term
Business Models
Definition
Bait & Hook/Freemium - Gives you something free to lock you in and get revenue/Lead you in with a free account, then charge for premium service
Two-Sided Market - Require network effects-neither group benefits unless both groups are involved
Ad Revenue (Banners in Angry Birds)
Subscription
Data Platforms (Facebook)
Term
Old Customer Relationships
Definition
4 Ps - Product, price, place, promotion
- Assumes the majority is the target market
- Uni-directional
Term
New Customer Relationships
Definition
4 Cs - Customer, cost, convenience, communication
- Company doesn't control the message - people do! (User-Generated Content)
- Trust in peers
- Multi-directional
Term
Customer Relationship Management
Definition
Operational, transaction approach to customer management focused around the customer facing departments - sales, marketing, and customer service
OBJECTIVES: Increases in revenue/profitability, increase in "selling time" or campaign effectiveness, improved use of sales process, or reduction in call queuing time
- Customer's benefit is better service, attention, and support from company (gains insight into particular customers)
Term
Data Model
Definition
Way to organize, communicate, and define the data that will be used by an application - used for communication and software development
DATA: Entities, attributes, and relationships
Term
Entity
Definition
Thing with independent existence that can be uniquely identified
Term
Relationship
Definition
How entities relate to each other
Term
Attributes
Definition
Details about either the entity or the relationship
Term
Business Intelligence
Definition
Computer-based techniques used in identifying, extracting, and analyzing business data for decision making
Term
Data Mining
Definition
Discovering new patterns from large data sets
Term
Business Process
Definition
Set of one or more goal-directed activities in sequence and/or parallel
- "Make, Sell, Buy"
- "Discover, Organize, Transform, Share"
Term
Business Process Modeling Notation
Definition
Emerging standard
Term
Use Cases
Definition
Advantages: Natural language, descriptive & detailed, widely used to capture and describe requirements by IT people
Disadvantage: You have to read many use cases and alternative together to get the overall sense of a detailed process
- GOOD for doing actual design and development, BAD for meeting presentations
Term
Important issues with interface design:
Definition
- "Mystery meat" navigation
- Flash
- White space - generally good
- Top to bottom; left to right
Term
Wireframe
Definition
Basic visual interface guide that suggests the structure of an interface and the relationship between its pages
- Serve as blueprints that define each Web page's structure, content, and functionality
- Created before any design work is started so the focus is on layout without distraction of color/visual elements
Term
Functional wireframe includes:
Definition
- How the use gets to this page/screen
- Purpose of the screen
- Content details
- Links from the page/screen
Term
Enterprise Resource Planning
Definition
Business management software that allows businesses to properly manage the business
Term
3 Traits of ERP:
Definition
Real time data, data integrates across an organization, single point of data capture
Term
How do you collaborate with business partners?
Definition
Synchronous (Mail, email, fax) or Asynchronous (Face-to-face or phone)
Term
Collaborate management systems
Definition
Maintain communication and related documents (e.g. Google Docs)
Term
What does MIS provide organizations with?
Definition
Provides info that organizations require to manage themselves efficiently
Term
Technical Consulting
Definition
Focuses on teaching businesses how to properly use information technology to meet their business objectives (Programmer, System administrator)
Term
Two types of consulting:
Definition
- External (company that comes from outside, like IBM, KPMG)
- Internal (change from inside company, like Coke, GE, Aflac)
Term
Stakeholder (& how they're affected by completion of the project)
Definition
Person or organization that are actively involved in the project or whose interests may be positively or negatively affected by completion of the project
Term
Sponsor (& how they're affected by completion of the project)
Definition
Person that provides financial resources for a project - want to see the project completed
Term
1. Who do team members report to?
2. What are team members responsible for?
3. Who decides/communicates roles & responsibilities of project?
4. Who's responsible for ensuring all team members report status of their task?
Definition
1. Project manager
2. Working on the project
3. Project manager and sponsor decide in the planning phase
4. Project manager
Term
Five process groups used to manage/organize projects (in order):
Definition
Initiating, Planning, Executive, Monitoring & Controlling, and Closing
Term
Customer segments
Definition
People interested in product
Term
Value proposition
Definition
Characteristics of product you value
Term
Channels
Definition
Different ways to get product across
Term
Customer relationships
Definition
Loyalty programs and BOGO programs
Term
Revenue stream
Definition
Ways money comes into the organization
Term
Cost structure
Definition
Cost to get product to customers
Term
Key activities
Definition
Term
Key resources
Definition
Term
Key partners
Definition
Term
Five steps in System Development Life Cycle (SDLC) [in order]
Definition
Analysis, Requirements, Design, Development, and Implementation
Term
How do business models and SDLC work together?
Definition
Business model will help when analyzing a situation, and help identify the requirements for an IT-enabled innovation
Term
Project management
Definition
Application of knowledge, skills, tools, and techniques to project activities
Term
How do project mgmt and SDLC work together?
Definition
Organizing and managing IT-enabled change
Term
Scope
Definition
Foundation for what we do for a client
Term
Resources
Definition
Cost
Term
Schedule
Definition
Time to complete project
Term
3 examples of IT-enabled change projects:
Definition
ERP implementation, Social media campaign, and Business process redesign
Term
Project charter
Definition
Statement of the scope, objectives, and participants in a project
Term
Purpose of Work Breakdown Structure
Definition
Describes activities that need to take place for project to be successful
Term
Project schedule
Definition
Shows tasks of project in organized fashion
Term
Two things that prevent scope creep
Definition
Work Breakdown Structure and WBS Dictionary
Term
4 Principles of Viral
Definition
Critical to...
1. Engage people
2. Turn them into advocates
3. Make it fun
4. Entertaining
Term
4 Tactics for Viral
Definition
1. Continuous interesting content ecology
2. Engage influential customers
3. Provide means for UGC
4. Entertaining
Term
4 new tactics for the old way of customer relationships
Definition
1. Crawlers and page ranking
2. User surfing history and targeted ads
3. Search term ads
4. Comments and user ratings
Term
Purpose of Social CRM
Definition
Designed to engage the customer in a collaborate convo to provide mutually beneficial value in a tribute business environment
Term
4 things that have created numerous new business processes
Definition
1. Technology
2. Knowledge
3. Work
4. Networks
Term
What does Gartner predict business managers will use to support their daily work?
Definition
Business managers will use business process models to support their daily work
Term
What did Gartner find was the top business priority?
Definition
Business process management
Term
What are BPM Notations used for?
Definition
Capturing, communicating, and designing business processes from left-to-right
Term
Use Case
Definition
Description of the possible systems of interactions related to a goal
Term
Cloud Computing
Definition
Practice of using a network of remote servers hosted on the Internet to store, manage, and process data, rather than a local server or a personal computer
Term
What should IT architecture do and create?
Definition
Enhance achievement of the business strategy and create value
Term
Describe mainframe as a host in evolution of IT architecture
Definition
EARLY IT architecture
Term
What 2 things does IT do in mainframe?
Definition
IT as a watchdog and guardian
Term
Describe client server in evolution of IT architecture
Definition
MOST RECENT IT architecture
Term
Can client servers bring tiers?
Definition
Yes
Term
What 2 things does IT do in client servers?
Definition
IT as traffic police and watchdog
Term
LAN
Definition
Local area network
Term
WAN
Definition
Wide area network
Term
When does perimeter security become difficult?
Definition
WAN
Term
Describe Cloud Computing
Definition
Current and Future trend in architecture
Term
4 things IT does in Cloud Computing
Definition
IT as:
1. Business partners
2. Traffic police
3. Watchdog
4. Cloud expert
Term
4 examples of Cloud Computing
Definition
1. IBM
2. Amazon
3. Google Apps
4. Yahoo
Term
Why is the U.S. government moving to a cloud-based service-oriented architecture?
Definition
Cloud is a more environmentally friendly way of dealing with data centers
Term
What are 5 Cloud Computing services?
Definition
1. Cloud clients
2. Cloud application (software as a service)
3. Cloud services (components of a service)
4. Cloud platform (platform as a service)
5. Cloud storage (storage as a service)
Term
** Advantages of cloud computing
Definition
Outstanding frees up to focus on your core competencies
Term
3 disadvantages of cloud computing
Definition
1. Dependence on network
2. Dependence on providers
4. Perceptions of security forensics
Term
What is Service Level Agreement (SLC)?
Definition
You only buy what you need
Term
Do IT projects involve SDLC?
Definition
Yes
Term
What does "If this, then that" give you that can be used in apps?
Definition
Gives you a taste of common web services that can be used in app
Term
What will future CEOs need to know how to do, as far as IT architecture?
Definition
Know how to evaluate IT architecture
Term
What 5 things make up design?
Definition
1. Generative (creating something new)
2. Iterative (trial & error)
3. Representative
4. Collaborative
5. Complex
Term
Interface Design (and example)
Definition
Physical and software components of a system together
- An iPhone app involves the buttons and arrangement of the app, itself, and the form of the phone and its physical screen
Term
Issues with interface design
Definition
"Mystery meat" navigation (you can't tell what's behind a button)
Term
2 Goods of Interface Design
Definition
White Space and Standard Browsing Experience
Term
Difference between Art and Interface Design
Definition
Usability
Term
Are great interfaces simple AND complex?
Definition
Yes, some are simple and some are complex
Term
What do you develop first when developing an interface?
Definition
Wireframe
Term
What is a wireframe?
Definition
Blueprints that define each web page's content, structure, and functionality
Term
What does a functional wireframe include?
Definition
Wireframe AND info about the wireframe
Term
4 steps involved in wireframing
Definition
Wireframe, reflect and talk about, do initial testing, revenue
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