Week 5 - Blockchain and systems development process

Question 1

What are the 4 steps taken to ensure that SDLC ‘derisk’ the software

Answer 1

1. Efficient planning
2. Risk management
3. Resource allocation
4. Quality assurance
5. Incremental development
6. Knowledge transfer

Question 2

Mention AIS selection and development considerations

Answer 2

• An organisation can decide whether to purchase new software or develop the system in-house
• If a new system is purchased, organisations are required to select the relevant system
• If they decide to develop in house, organisations must identify systems development methodologies

Question 3

What are the steps taken by organisations to slect and purchase AIS

Answer 3

1.Requirements and research
2.System/vendor comparison
3.Technical validation
4.Due diligence
5.Implement solution

Question 4

Define outsourcing

Answer 4

Hiring an outside company to hande all/part of an organisation’s data-processing activities

Question 5

List some of the advantages of outsourcing

Answer 5

• Asset utilization
• Allows companies to concentrate on core competencies
• Facilitates downsizing
• Less development time

Question 6

List some of the disadvantages of outsourcing

Answer 6

• Inflexible
• Loss of control
• Locked-in system
• Poor service
• Increased risk

Question 7

What does it mean to develop software in-house

Answer 7

You plan to build the AIS and control the desogn, development and programme coding of the AIS

Question 8

List advantages of developing software in-house

Answer 8

• Significant competitive advantage
• Can be customized to suit your business

Question 9

List disadvantages of developing software in-house

Answer 9

• Complexity of the system
• Requires large amount of time
• Insufficient planning
• Lack of qualified staff