Please enable JavaScript.
Coggle requires JavaScript to display documents.
WEEK 7 - Coggle Diagram
WEEK 7
allocating/applying resources
tragedy of commons
limited resources
self interest conflict w/ greater good
ie: fish in a pond
applies to businesses
limited capital
limited labor
available space/resources
balancing loop can avoid
businesses system thinking
ecosystem approach
instill feedback loops
avoid zero-sum
shareholder value 1 subsystem
dynamic archetypes
enterprise architecture
business architecture
information arch.
IS arch.
data arch.
deliver sys. arch.
HW
SW
communications
value creation
long term focus
ID value creation
abilities
resources
relationships
expand pie
value drivers
value outcomes
management frameworks
1st generation
performance measure (KPIs)
2nd generation
value mapping
broader ecosystem
long term outcomes
valuing MIS
paradox of value
normal diamond or water?
in desert diamond or water
Adam Smith
utility varies
by people
by situations
changing needs/wants
marginal utility
technology
comes from minds
constant bettering
new paradigm MIS value
digital transformation
meets consumer desires
investment trade offs
on prem vs off prem
outsourcing vs. insourcing
consumption models
rent
buy
lease
share
COTS
value types
efficiency
efficacy
evidentiary
avoid bounded rationality
balance
Gartner Hype cycle
early adopter $$$
value prop
business model canvas
value prop canvas
stakeholders
users
outcome recipient
economic buyer
value chain
common financial measures
TCO
ROI
sunk cost fallacy
failure to consider better future
stay w/ just because spent already
I have seen this...
overused
easily manipulated
short-sighted
NPV
IRR
creating MIS
make or buy decision
XaaS
traditional SDLC
1 planning
2 analysis
3 design
4 implementation
5 testing & integration
test plans
test techniques
static
dynamic
ie. white box
ie. black box
6 maintenance
practices
prototyping
typically smaller feats
evolutionary
ie. waterfall
spiral
incrementally
agile
ie. SCRUM model
organizationally
going live
big bang
think light switch
parallel system
think using both systems for a while
phased introduction
think slow methodical phased steps
DevOps
Dev & Ops together
use of brokered infrastructure
cloud handy
newer
faster time to market/value