HI5019 Case Study: Strategic Information Systems for Rainbow Illusion

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Case Study
AI Summary
This case study analyzes Rainbow Illusion, a retail chain, and its strategic information systems. It examines transaction cycles, including sales and financial reporting, and explores the risks inherent in computer-based systems and e-commerce. The study identifies strengths in the current system, such as organized sales processes and after-sales service systems, while also addressing potential weaknesses and situational pressures that could lead to fraud. Furthermore, it discusses the importance of internal controls and security measures to mitigate these risks. The case study also delves into the company's decision to use a distributed computer system instead of a centralized one, likely to improve efficiency and reduce vulnerabilities. Overall, the document provides a comprehensive overview of the information systems landscape at Rainbow Illusion, offering insights into its strengths, weaknesses, and potential areas for improvement.
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Running head: PROJECT MANAGEMENT IN CONSTRUCTION
Project management in construction
(Rainbow Illusion)
Name of the student:
Name of the university:
Author Note
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1PROJECT MANAGEMENT IN CONSTRUCTION
Executive summary
Rainbow Illusion is the retail chain having their business across the lands of New South Wales and
Victoria. They have a total thirty chains and engaged in selling the ready to-wear clothes for females.
In those report a demonstration s done on various cycles, reporting of system management, e-
commerce and financial reporting. Further, the risks are inherent within the computer systems along
with ERP. It includes the e-commerce, ethical roles and distinct process of their internal controls to
get placed. Next, scopes of fraud of computer and process of security are appreciated for e-
commerce needed to be eradicated.
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2PROJECT MANAGEMENT IN CONSTRUCTION
Table of Contents
Introduction:..........................................................................................................................................3
Strengths in the system of Rainbow Illusion for controlling sales transactions:...................................3
Issues avoided by Rainbow Illusions to include the strength in the system to control transaction of
sales:......................................................................................................................................................6
Situational pressures rising the likelihood of fraud:..............................................................................8
Reason for Rainbow Illusion for installing distributed computer system instead of centralised ones:. 9
Conclusion:..........................................................................................................................................10
References:..........................................................................................................................................12
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3PROJECT MANAGEMENT IN CONSTRUCTION
Introduction:
Rainbow Illusion is a retail chain situated at Victoria and New South Wales. It has an overall
thirty chains. They are engaged in selling the ready-to-ear cloths intended for young women. All the
stores preset there consists of full-time manager companied by assistant managers. Moreover, the
business has been found to be utilizing the unsophisticated registers of cash having four-part sales
invoices for recording every transaction. Here, the sales invoices are utilized irrespective of the type
of payments like bankcard, cheque and amounts of cash. The following study demonstrates different
cycles, systems of management reporting, financial reporting and e-commerce. Next, the risks
inherent under computer-based systems are understood along with ERP. This involves the e-
commerce, role of the ethics and different process of internal control that is to be placed. Then, the
scopes of computer fraud and measures of security are appreciated to e-commerce that is required to
do away with.
Strengths in the system of Rainbow Illusion for controlling sales transactions:
Rainbow Illusion can develop the skills of the sales and then defy the sure-fire strategies of
sales. It is useful to develop the skills of the sales and then defy the effective downturn with the
strategies of sure-fire sales. It is essential for the business to remain at the top level of sales. The
various strengths of Rainbow Illusion for the present case of controlling their transaction of sales are
demonstrated hereafter.
Getting absolutely organized:
For Rainbow Illusion, time is the same as money. For them, to stay totally organised is he
initial step towards good selling. Here, one of the issues is a confusing task in terms of productivity.
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4PROJECT MANAGEMENT IN CONSTRUCTION
For them, some of the basic principles have been not to begin the day instead of any “to do” list and
then concentrate on tasks producing outcomes. As one rises the sales, the MUST DO activities must
be increased (Acıkara, Kazaz and Ulubeyli 2017).
Constant prospect for a new approach towards business:
As their busy line advents, the line of prospect moves down and also the vice versa. Here, the
prospecting s similar to painting as they go to the ending point as they need to begin again.
Over-servicing of the present clients:
The over-servicing of clients indicates communicating. They should be assured that no such
instantaneous surprises are there with the transactions. Their body of the top sellers are partners with
their clients (Jalal and Koosha 2015).
Setting up the alter-sales service systems:
Rainbow Illusion has through that their after-sales services are the liabilities of their sellers of
electrical appliances (Martens and Carvalho 2017).
Staying motivated:
Rainbow Illusion has understood that in selling their attitude are everything. Moreover, they
have a strong self-image and believing in their products. As any one of the functions for Rainbow
Illusion get out of order, their levels of motivations are affected. Through assimilating the people
line might have the problem centered rather than being focused on solution (Agyekum-Mensah and
Knight 2017).
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Remaining authorative:
Rainbow Illusion has understood that none cam build the trust with any individual who never
understand what they are selling. In order to achieve much respect in the industry of sales, Rainbow
Illusion has required to analyze the backward of the products, sideways and forward. Being more
knowledgeable, they have become much trustworthy one for their clients. Retrieving trusts and
respects are helpful to achieve the respects and trusts and move the total sales transactions for much
positive angle of the scale (Tabassi et al. 2016). Besides, the knowledge of products, Rainbow
Illusion’s top performing salesperson can strive to make the update of their skills of selling.
Irrespective of the fact that it is to provide the smart customer service, developing verbal way of
communications and creating skills of for the people, Rainbow Illusion has learnt to continue their
learning of more skills and developing the expertise to turn into the authoritative representative of
sales. They have analyzed that the industries, technology and society have evolved every time and
required to catch up to those changes (Ottosson 2016).
However, at many times the success has never come as fast as intended for Rainbow Illusion.
They and their employees have always seen to be flatting out and there are steady are there for the
products. However, things are slow. This has been coming down to their business in a nutshell. Here,
the managing of successful small business has required to organize along with its systems. For
performing the most effective of the ability, the employees are required to understand the exact
processes for following the example and simple ordering the way of effective stock control (Basir et
al. 2018). Here, they must understand the individual in charge of performing that. Next, they can file
and retrieve the data very fast. In order to remain at the top of the sales, for the employees
particularly, Rainbow Illusion has understood the importance of staying on the top level of the
system (Ansah, Sorooshian and Mustafa 2016).
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Issues avoided by Rainbow Illusions to include the strength in the system to
control transaction of sales:
As the owners of business start contemplating the company’s sales, they are able to things are
per the selling of 100% of the business. It is seen that most of the acquisitions and merger
transactions are structured in that way. Nevertheless, there is rise in amount of sellers and buyers
entering the transactions where the buyer are able to purchase mostly the interest of ownership of
Rainbow Illusion. It leads the sellers to retain the notable monitory position. Here, the structure has
been attractive in nature, particularly for Rainbow Illusion where their owners are critical for the
functioning of operations (Oppong, Chan and Dansoh 2017). Next, the aligning of interests of sellers
and buyers are close for the possible single greatest benefits to structure the transactions. Here, the
Rainbow Illusions is able to retain their authority on the area of their business’s equity. As the sellers
have the constant ownership interest in their businesses they can say engaged and involved integrally
in their daily tasks. Specially, for Rainbow Illusion where they have distinct expertise are important
for maintaining client and customer relationships. Here, most of the transaction of controls can
afford the buyer with greater degree of comfort where the sellers can continue to make operations for
the business with similar degree of care and that can be utilized before the acquisitions. As properly
structures, the maintaining of transaction of interest permits the sellers for considering sufficient
quantity of risk capital on the basis of percentage of equity to be sold at the present valuation of
Rainbow Illusions (Hughes, Champion and Murdoch 2015). It is done, simultaneous representing of
the sellers with scope to take part in their future growth on the basis of retained.
As Rainbow Illusios, in essence can actually believe the aligning of buyer to go into the
outcome of the business due to much profitable, the controlling of interests transactions providing
the sellers with a couple of bites of that result. The initial bite can lock the valuation of the time of
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initial sale and the next one can permit the sellers to hold the levels of balancing the equity. For
example, the place where Rainbow Illusions can trust that they are able to maximize the capability of
developing in organic manner. Here, the maintaining of interest transactions having the well-
matched buyers can provide the sellers with capability to access the economy of the growth. It is to
capitalize the resources that never had at present and can access the extra markets and clients and
customers and then widen the services offered (Gunduz and Yahya 2018). Further, the interest of
controlling interest is able to minimize the disruptions use to announcements of outright sale. Here,
the customers and clients can feel more secured regarding their future relationship with their
business as the owners are used for dealing with the residual part of the company same as equity
holders. In the same way, their staffs have been feeling apprehensive regarding their bosses
intentions feeling more secured with the understanding the users can never cash out and then leave
their job at Rainbow Illusion. The cases where the Rainbow Illusions has many owners having
difference in opinions such that they can sell, the transactions of controlling interest can deliver the
distinct capability got particular owners for selling the equity outrights. It is specifically the interest
as particular owners can approach the retirement and the partners wish to stay employed actively.
From the perspective of the buyer, Rainbow Illusions controlling interest transaction has been
providing greater degree of assurance that the sellers can be involved with closing and staying
interested in rising the business (Alomari, Gambatese and Olsen 2016). Moreover, the continuity of
management is essential for Rainbow Illusions. Their sellers have been compiles for undertaking
activities at their business. As the buyer in the transaction of controlling interest is comfortable to
know that Rainbow Illusions can perform the operations of business owners instead of the staffs. To
put that simply, here the buyers are able to gain their mind piece understanding that anyone having
the stage in business can change the lights till the day end.
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Situational pressures rising the likelihood of fraud:
One of the primary reasons for the complexity of controlling sales transaction at Rainbow
Illusion. It rises highly as the owners camn sell less that 100% of the business. The control of interest
transaction includes the similar complexities of their outright sale. Nevertheless, this needs the
parties in negotiating totally distinct set of agreements the structure of stockholder agreement and
operating agreement. The agreements needs sellers and buyers in confronting total latest range of
problems. Apart from this, the working cost with few complexities is able to negate different
benefits of structure. With the negotiations, the relationship between parties moving forward can
never be required for setting forth. Besides, for the sellers, the controlling interests had its individual
situational pressures. Because of this they are never in control for most of the interests of voting
(Muller and Turner 2017). Besides, the sellers can relinquish the authority of managing Rainbow
Illusion instead of setting forth in the agreement of stockholder or prating agreement. Further, sellers
used for finishing the control on Rainbow Illusion has been finding that complicated to comprehend
it. As the transaction is over, buyers of Rainbow Illusion controls the business statutorily.
Protections retain by the sellers needs to retain that should be total negotiated beforehand and then
set forth for the agreement of governing. The seller’s exit strategy regarding the residual part of the
equity at the organization has ben also highly curtailed (Xia et al. 2018). Apart from this the
documents of transactions have been restricted to the ability of sellers for selling the residual equity
of the third party. This indicates that for finishing the strategy of exit, the sellers must be frequently,
the sellers have been found to be forced to sell the residual shares. This is despite any benefit to
solicit the offers of third party. At many cases, the sellers have been needed to maintain the interest
of ownership for particular time period having delays for the ultimate exit from that ownership (de
Carvalho, Patah and de Souza Bido 2015). Besides, the sellers are included to control the transaction
interest to be done with extensive type of due diligence over the buyer. This is more than 100% of
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the control transaction. Frequently, as the sellers are able to sell most of their business, the buyers
can pay for the organization during the closure. Here, some due diligence is needed apart from
assuring the clears of check. As the controlling of the interest transaction is contemplated, the sellers
can identity that they are the business partners with the buyers.
Hence, Rainbow Illusion must determine whether the buyers have the economic wherewithal
for rising the business in suitable way. Further, they must also determine how complicated it has
been to undertake decisions in latest structure. Besides they are also required to determine how the
buyer has been treating other business with same situations. Here, the queries are to be investigated
totally by the sellers before contemplating the transaction of controlling interest (Burmistrov,
Siniavina and Iliashenko 2018). Moreover, for the buyers of Rainbow Illusion in attaining of interest
transaction develops the complexities also like the ability of the buyer in unilaterality to the matters
that affect the business. Virtually every controlling transactions, the sellers can negotiate the
different levels of controls and rights of approvals for particular decisions. Here, the buyers are able
to negotiate the mechanism of acquiring equity balances. This ultimate pricing purchase is formula
and is also complicated. Besides, the sellers and buyers also require to find out whether the price of
purchase for balancing the equity can vary or fixed. This relies on the number of factors like entire
profitability of the business as the initial closing is done also involves the constant deployment of
sellers (Brito and Ferreira 2015).
Reason for Rainbow Illusion for installing distributed computer system instead
of centralised ones:
The distributed machines comprise of components of multiple software present over multiple
systems. Nonetheless, it runs on a single system. These are under distributed systems to get close to
each other’s and is connected through local networks. Otherwise they are also situated at distant
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places geographically and inter-connected with WAN or Wide Area Network. Further, the
distributed systems comprise of various possible configurations like microcomputers, workstations,
personal computers and many more. Apart from this, distributed systems provide many advantages
than centralized ones. Firstly, regarding scalability they can be expanded easily through including
more systems as required (Dallasega, Frosolini and Matt 2016). Secondly, regarding redundancy,
various machines are able to deliver similar services and as one is unavailable, their tasks can never
get stopped. Moreover, due to various smaller machines to be used, the redundancy can never be
expensive prohibitively. Above all, they are able to run on hardware provided by many vendors
(Gulghane and Khandve 2015). They are also able to utilize various standards based components of
software. These systems are independent of underpinning software. Further, they are able to run on
different operating systems and utilize different protocols of communications. Besides, some of the
hardware can also utilize UNIX or Linux as their operating system and the hardware can use
Windows. Besides, for intermachine communications. The hardware and utilize TC/IP or SNA on
Token Ring and Ethernet (Krajangsri and Pongpeng 2016).
Conclusion:
The above study helps in understanding different transaction cycles, managing reporting
systems, financial reporting and e-commerce. Besides, the report helps in determine the risks that are
inherent in computer systems that involve e-commerce, the role of ethics, different process of
internal controls required to be in place. This helps to appreciate the scopes for computer fraud and
measures of security in e-commerce requiring the overcoming that. Rainbow Illusion must
thoroughly undertake their construction scheduling, control of quality, contract management,
procurement management and finance management. This is the inter-relationship occurring between
those variables and affecting the way the project has been creating complicacy and project
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11PROJECT MANAGEMENT IN CONSTRUCTION
management. Again, managing the construction of project is complicated and needs different skills
and liabilities to pull that off. Here, the aim is to deliver the project successfully to the client within
time and budget and changing the advantaged for the clients and subcontractors of Rainbow Illusion.
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References:
Acıkara, T., Kazaz, A. and Ulubeyli, S., 2017. Evaluations of Construction Project Participants’
Attitudes toward Quality Management in Turkey. Procedia engineering, 196, pp.203-210.
Agyekum-Mensah, G. and Knight, A.D., 2017. The professionals’ perspective on the causes of
project delay in the construction industry. Engineering, Construction and Architectural
Management, 24(5), pp.828-841.
Alomari, K., Gambatese, J. and Olsen, M.J., 2016, May. Role of BIM and 3D laser scanning on job
sites from the perspective of construction project management personnel. In Construction Research
Congress 2016 (pp. 2532-2541).
Ansah, R.H., Sorooshian, S. and Mustafa, S.B., 2016. Lean construction: an effective approach for
project management. ARPN Journal of Engineering and Applied Sciences, 11(3), pp.1607-1612.
Basir, W.N.F., Majid, Z., Ujang, U. and Chong, A., 2018. Integration of GIS and Bim Techniques in
Construction Project Management-a Review. ISPRS-International Archives of the Photogrammetry,
Remote Sensing and Spatial Information Sciences, 4249, pp.307-316.
Brito, D.M. and Ferreira, E.A., 2015. Strategies for representation and analyses of 4D modeling
applied to construction project management. Procedia Economics and Finance, 21, pp.374-382.
Burmistrov, A., Siniavina, M. and Iliashenko, O., 2018. Project Management Life Cycle Models to
Improve Management in High-rise Construction. In E3S Web of Conferences (Vol. 33, p. 03005).
EDP Sciences.
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Dallasega, P., Frosolini, E. and Matt, D.T., 2016. An approach supporting Real-Time Project
Management in Plant Building and the Construction Industry. Proceedings of the XXI Summer
School Francesco Turco, Naples, Italy, pp.13-15.
de Carvalho, M.M., Patah, L.A. and de Souza Bido, D., 2015. Project management and its effects on
project success: Cross-country and cross-industry comparisons. International Journal of Project
Management, 33(7), pp.1509-1522.
Gulghane, A.A. and Khandve, P.V., 2015. Management for construction materials and control of
construction waste in construction industry: a review. International Journal of Engineering
Research and Applications, 5(4), pp.59-64.
Gunduz, M. and Yahya, A.M.A., 2018. Analysis of project success factors in construction industry.
Technological and Economic Development of Economy, 24(1), pp.67-80.
Hughes, W., Champion, R. and Murdoch, J., 2015. Construction contracts: law and management.
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Krajangsri, T. and Pongpeng, J., 2016. Effect of sustainable infrastructure assessments on
construction project success using structural equation modeling. Journal of Management in
Engineering, 33(3), p.04016056.
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Martens, M.L. and Carvalho, M.M., 2017. Key factors of sustainability in project management
context: A survey exploring the project managers' perspective. International Journal of Project
Management, 35(6), pp.1084-1102.
Muller, R. and Turner, J.R., 2017. Project-oriented leadership. Routledge.
Oppong, G.D., Chan, A.P. and Dansoh, A., 2017. A review of stakeholder management performance
attributes in construction projects. International journal of project management, 35(6), pp.1037-
1051.
Ottosson, H., 2016. Practical project management for building and construction. Auerbach
Publications.
Tabassi, A.A., Roufechaei, K.M., Ramli, M., Bakar, A.H.A., Ismail, R. and Pakir, A.H.K., 2016.
Leadership competences of sustainable construction project managers. Journal of Cleaner
Production, 124, pp.339-349.
Xia, N., Zou, P.X., Griffin, M.A., Wang, X. and Zhong, R., 2018. Towards integrating construction
risk management and stakeholder management: A systematic literature review and future research
agendas. International Journal of Project Management, 36(5), pp.701-715.
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