Acquiring and developing Business application

assigned responsibility – System and process need to justify . identifying and justifying IT based system – Business plan – IS compliance – Time table.• Step1: planning . budget.

scalability and reliability – Human resources and procedures to implement .• Step2: creating an IT Architecture: – Data – Application modules – s/w & H/w – Security.

.• Step3: selecting an acquisition option: – Build the system in house – Custom made software-vendor made – Buy existing applications – with/without modifications – Lease standard software – Alliance with other company to use their system (saas) – Use combination.

Advantages and limitation of buy option • Many s/w available • Time saved • What we are getting before investment • Not first and only user • Updates • Price is less • May not match 100% • Modification are difficult • No control on new versions • Integration • Vendor may go out of business .

• Acquisition: – Join e-market place or e-exchanges – Third party auctions and reverse auctions – Join in public auctions – Joint ventures: ex hong kong banks – Hybrid approach: .

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installing and developing IT application – Unit testing – Integration testing – Usability testing – Acceptance testing .• Step4: testing.

maintenance and updating: – Cost – Budget – time .• Operations.

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