Thesis on "Club it Part Three"
Thesis 3 pages (1018 words) Sources: 3 Style: APA
[EXCERPT] . . . .
Club IT -- Part ThreeThe NPV of the wireless order-taking system is $27,553.20, giving the system an ROI of 78.7% over the course of three years. Lisa needs to consider some of other issues, however. The most important one is the degree of sensitivity that these figures have. If the staff reductions are not as expected, the system will not save Club IT any money. It is important that Lisa evaluate whether or not there are any other benefits, because the cost savings at this point are entirely related to one factor. Should that factor not emerge, the system will not have a positive NPV, meaning that the venture has a high degree of sensitivity to one variable. Likewise, Lisa should evaluate where this decision fits in the overall strategy of Club IT. It increases profitability at the club, which the owners figure may lead them to open a second location. However, these two decisions are actually quite removed from one another. The decision to open a second location should be based on a wide range of factors other than the profitability gained through a minor technological change that impacts one worker.
b. Executive dashboards provide a wide range of information regarding the business in a format that is easily understood by managers. There are many types of information that Lisa and Ruben should have. They should be able to know what products are most popular and what products are most profitable. This will allow them to determine which products contribute most to the bottom line. The dashboard should also break down revenues/profits by opening hour, so that the company can potentially adjust its hours to avoid consistently unprofitable times. They can also use the dashboard
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The two dashboards that were evaluated were the ones from iExecutiveDashboard and Ecora. The former is based around the concept of the balanced scorecard, such that management can evaluate performance vs. benchmarks set. Both raw data and scorecard data are available. The Ecora system is richer is data but this is presented in more cryptic, less user-friendly format. The iExecutiveDashboard has greater flexibility and user friendliness. Thus, Lisa and Ruben should adopt that system.
c. The waterfall method is a basic technology project development method wherein each step is laid out specifically and completed before the team moves on to the next step. At Club IT, the club can improve its profitability by aligning its marketing efforts with information regarding purchasing habits of its customers. They can also improve profitability by reducing their inventory by integrating their purchasing and supply chain efforts with these marketing efforts. The information gathered should include specific sales and profitability data for each product that they offer (food, drink and… READ MORE
Quoted Instructions for "Club it Part Three" Assignment:
“Club IT, Part Three
From your perspective as an outsider, Club IT seems successful to you. The club is busy in the evenings, the people are eating, drinking, and having fun*****”the staff is congenial and hard-working. Although, on the financial side, Lisa and Ruben would prefer to see the business earn more profits and possibly open a second Club IT.
Ruben would like to proceed by implementing an inventory system that communicates directly with the supply chain: vendors, distributors, and shippers. Ruben believes that the most difficult part of this project is at the beginning*****”identifying the requirements of an inventory system that meets the needs of the business.
Lisa is considering a wireless order-taking system, and she has asked you to do a cost analysis of acquiring it. Consider the following information in your analysis:
· The acquisition cost is $35,000 paid at the time of installation.
· It reduces the wait staff by one person: Figure $10 per hour, or 2020 hours per year + 18% benefits.
· Money costs are 7%
· The system may become obsolete in three years.
Prepare a 4- to 7-slide PowerPoint® presentation addressing the following:
a. Identify the ROI and NPV of the wireless order-taking system. Discuss some of the intangibles Lisa needs to consider and make a recommendation as to whether Lisa should order such a system.
b. Research some executive dashboard products, identify information that Lisa and Ruben would likely find useful presented in a dashboard, and how they would use the information. Make recommendations as to which product you would recommend for Club IT.
c. Chose one of the technology project development methodologies described in the readings and explain how you would go about the systems analysis effort. Identify what information is needed for whom, when, and in what format. Additionally, consider what major stakeholders you would interview, and how you would proceed to gather information to make an informed decision.
d. Provide a description of how you envision this project would proceed through the systems development lifecycle*****”what would happen in each phase?
-visit wiley.com/college/rainer for more information club IT,PART THREE
How to Reference "Club it Part Three" Thesis in a Bibliography
“Club it Part Three.” A1-TermPaper.com, 2009, https://www.a1-termpaper.com/topics/essay/club-part-three/967821. Accessed 28 Sep 2024.
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