Assignment on IS Management

Added on - 21 Feb 2021

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IS Management- Applied Project1
ContentsINTRODUCTION...........................................................................................................................3MAIN BODY..................................................................................................................................3CONCLUSION................................................................................................................................9REFERENCES..............................................................................................................................102
INTRODUCTIONInformation system is a type of platform that can use for decision making which acquiredthe data for managing, controlling, analysing and visualizing in organization. It examines theprocess, technology where it will operate the different operations and functions of enterprises.In this report, Aussie Vacancies is a type of travel agency that specializes in rental ofhigh quality of services which provide to the consumers. The organization is mainly used saleschannel of direct selling to the customer by using mailshots of brochures and centres of customersupports. These are main source of Aussie vacancies firm to coordinate with the people acrossthe world but the electronic brochure doesn’t link to the up-date data so that they will make planto develop secure booking online system that help for customer where they can access theinformation about packages and accommodations.This report will discuss about the risk analysis factor during project development such asfinancial, market, technological, people and structure risk. It will describe the work breakdownthe structure of project development and also communicate with stakeholder for analysis therequirement.MAIN BODYOverviewAussie Vacancies is based on the travel agency that specializes in rental of high quality ofservices which provide to the consumers. It can use sales channel of direct selling to thecustomer by using mailshots of brochures and centres of customer supports.A risk is uncertain condition and event that might affect on the overall process. Sometimes,all type of risk is not negative and doesn’t impact on the business processes. Aussie Vacancies ismainly identified the risks during project development for online booking system.Market RiskIn Aussie Vacancies, if IT team will create new product and services in marketplace sothat online booking system will help for consumer to check availability of services by usingmobile phones. The organization needed to design an effective secure system where consumerfeel free to enter their personal information in it (Laudon and Laudon, 2015). There are somecommon issues arise through competitors who are always trying to implement the online servicesin global marketplace. In this way, it become very tough for Aussie Vacancies travel agency toface challenges through markets. As per analysis, the agency might be identified that since3
alternative competitors’ sites were not better at present, it was felt that create a dynamic anduser-friendly site which consider the main source of competitive advantage. In this way, userswill definitely use the product and services because of user friendly which help for accessing theinformation in proper manner. On the other hand, if someone already make this project that willincrease market risk regarding waste of time, money, efforts etc.Financial RiskAussie Vacancies travel agency can afford to undertake the internet based online bookingsystem when the organization made the website but cannot link with the availability of data orfacilities for client. Stakeholder are confident in term of financial projections because it haslimited investment required for linking with new booking system.Return of investment, NPV and Payback are basically summarised the set of cash flowfrom online booking project into single indicator. Payback is considered the most common waysto asses the value of project and also calculate by comparing the actual cash investment inproject development but it will arise risk of sole determination, on the other side, it often thebetter gauge for risk whereby longer payback period are more risky because of overrun cost,delay of planned values (Paré and et.al., 2015).ROI is mainly used for calculating the overallbenefits and advantage of project where it can be divided into cost ratio that help for identifyingthe potential returns but it doesn’t show the timeliness of actual profit return and increase risk oflower values.The organization can afford to continues online booking project because travel businessactivities are performed by online system which provide the better quality of services to theconsumers. In case, if system failure occurs during operation management. It will increase theinvestment cost and overall budget which directly effects on the financial condition.The Aussie Vacancies travel agency can identify the financial resources before implementingproject in business process(Rikhardsson, 2017).It involves bank deposits, cash and liquidinvestments etc. these are main financial resource needed for managing and controlling in propermanner. In case, if these resources are not available so that it will increase financial risk such aslack of money, equipment’s and investment etc.Technological RiskThe project of online booking system is technically feasible because it can fulfil allrequirement of consumer when how they can use services. In travel agency, IT team is4
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