INFS 5093 | SYSTEMS PLANNING ASSIGNMENT | INFORMATION SYSTEMS

COMPUTER ASSIGNMENT HELP

Introduction

This assignment consists of

• A case study, which requires you to apply your learning from the systems planningmodule.
• An ethical analysis which requires you to apply one of thereadings provided on the course website.
• A conceptual development and reflection section which requires you to consider how systems planningtasks impact on a systems development project.

The feedback sheet lists the assessment criteria. Look for it on the assignment’s webpage. Take note of which sections carry the most marks.

Note that this assignment’s word count is 2602without your answers, so

• Don’t worry if the final word count seems high.
• Also, there are some diagrams in this assignment so don’t worry if your final word count seems low.

I suggest that you draw thediagrams by hand, photograph the drawings and insert the photographs in this file. If you prefer, you can use Word’s drawing tools (or some other drawing or modelling software) but you may find working with pen and paper is faster, easier to amend, less cumbersome and more reliable with respect to layout.

Instructions

When referring to the exemplars on the course website, read the old assignment specifications carefully because the assignments differ every study period.

Recall: in the previous study period, students spent an average of 24hours on this assignment.

• Pace yourself accordingly.
• For best results
  • Do not attempt to complete the whole assignment in one session.
  • Work slowly and carefully.

In addition to the instructions on the course website

• Do not overlook the ‘Why?’ questions.
• Read the case study carefully.
• Keep track of the hours you spend.

You are encouraged to make assumptions where necessary. Scope for assumptions has been deliberately included in this assignment because it is often necessary to make assumptions openly when dealing with a client who is under-informed with respect to technology. Please label your assumptions clearly. Here’s an example from a previous study period,

Assumption: As the passengers of Titanic II may be from any nation, I have assumed a currency converter is required for the ticket-purchasing function.

Case study: Socrates & Co

You work at IT Foundry as a Systems Analyst.

Socrates & Co is a bookshop specialising in new, second hand and rare books. It is located on a busy shopping street, close to several university campuses and has been in business for a long time. Today, it’s managed by its owner, Joanna Diakou, but it was started in 1938 by Joanna’s father, Stefanos, who was a well-known local intellectual. When he established Socrates & Co, Stefanos gave a lot of consideration to the store’s interior design and location. It came to be well known as a place where people are welcome to escape the noise, rest their feet, and sit and read without being disturbed. There are comfortable armchairs between the shelves and people can have snacks if they are careful. Over time, Stefanos came to know many of his customers by name and Socrates & Co built a reputation and a loyal customer base almost entirely from word-of-mouth recommendations. Stefanos retired in 1974 and turned the business over to Joanna, who at the time was recently graduated with an honours degree in the humanities. She has maintained her father’s practices and has come to know her regular customers by name and people know they can come to Socrates & Co and find a warm welcome, insightful and witty conversation, or quiet solitude.

Although she draws a salary from Socrates & Co, Joanna doesn’t consider the time she spends there to be ‘work’ – instead it is simply her lifestyle. She goes to Socrates & Co every day except Sundays. Four other people work there: Kavya Amal works on Mondays and Thursdays; Adam Matchoss works on Tuesdays, Wednesdays and Sundays; Rajavel Sulake and Priyam Farrukh (store manager) both work on Fridays, Saturdays and Sundays. Kavya, Adam, Rajavel and Priyam are postgraduate coursework students whose schedules change every semester. Priyam has worked at Socrates & Co for five years and is paid a higher wage because she manages the store on Sundays. All of the staff love the relaxed atmosphere and they deeply appreciate Joanna’s attitude because, as long the customers have what they need, Joanna doesn’t mind if the staff work on their assignments while they are at the store. The store’s opening hours are the same every day: 11am to 7pm.

However, Joanna has recently been unwell and has come to realise that perhaps Socrates & Co could afford her an additional afternoon off if she didn’t have to spend so much time on keeping track of inventory, sales, special orders, rosters and all the other little administrative tasks. Also, Kavya and Adam are students in an IT department and they both think Socrates & Co really ought to expand into ecommerce, with an app and a website. Joanna is not entirely sure what this would entail, but she trusts Kavya and Adam and she decides to investigate further.

One of Joanna’s regular customers is Andrew Frawley. He is one of your workmates at IT Foundry. When Andrew came into the store, Joanna asked him for advice. He immediately advised Joanna to work with you; you have more experience in ecommerce and publishing than Andrew. She agrees to a meeting, which Andrew arranges between yourself and Joanna.

You talk to Joanna about Socrates & Co and you realise its significance extends to the wider community: even people who never buy a book can enjoy reading in the peaceful atmosphere. You learn that Socrates & Co has long-standing relationships with thirty-four publishers and you know that seventeen of the publishers (the larger ones) offer B2B ordering, returns and invoicing. You talk about various business processes. For example, you discuss how Joanna sources rare books and you discuss the Socrates & Co text-book sales service (on a 5% commission) for uni students. You talk about the process for replenishing the second hand stock and the process for when a customer makes a special order. You are sure there are other business processes Joanna has not mentioned; payroll comes immediately to mind and you begin to identify other overlooked business processes. Joanna also tells you about a project she has had in mind for some time: she wants to start a small café in one corner of the store, for which she has obtained a licence.

You can see potential for supporting Socrates & Co business processes and for supporting Joanna’s plans for a small café, both without disrupting the Socrates & Co reputation. However, as you are a seasoned professional, you don’t rush in. Instead you suggest that Socrates & Co funds a preliminary investigation of a potential future IS project. Joanna agrees to the cost, your manager approves, and when one of your existing projects closes, you begin the Socrates & Co preliminary investigation.

Understanding the business

Recall: you can make assumptions in this assignment (as noted above). Also, you can use the course forum if you have any questions.

1. Develop a business profile for Socrates & Co. Focus on business activities, how the business is organised, resources, customers, suppliers and future directions.

Given below is the business profile for Socrates & Co.

2. Create an organisation chart for Socrates & Co.

The current organisation structure for the business is as follows:

3. List four of Socrates & Co’s main business processes.

The company currently handles all its processes manually and does not have an automated system to capture inventory, sales, orders or the administrative activities.

The key business processes and sub processes are:

Given below is a functional decomposition diagram (Systems Analysis and design, ninth edition, Ch. 4. Requirements Modelling, Pg. 150) summarizing the key business processes.

4. Draw models for two of the business processes listed above, including events, processes and results (an example is available on p11 of the text book).

The business process models have been described below for:

• Sales
• Supplier Management

5. Do Socrates & Co’s current business processes support its future objectives? Why or why not?

No the current business processes alone are not sufficient to support the future objectives of the company. We need additional processes to support the future business objectives:

• We need a transaction processing system(Transaction Processing, Chapter 1, p.15, Systems Analysis and Design, Tenth Edition, Rosenblatt), so that the sales data, order details, and customer details are all entered automatically into the system:
  • Hardware such as bar code readers will be needed.
  • Point of sales solution will be required wherein the sales manager can enter details at the time of sales.
  • Staff will have to be trained on the new system of retail sales
• We need a dedicated staff to manage online sales. The person will be responsible for:
  • Taking note of everyday orders.
  • Ensure the orders are dispatched correctly.
  • Ensure the database is updated and running smoothly.
  • Look at customer grievances posted online or failed orders.

You now have outlines of the Socrates & Co business processes but you need another meeting with Joanna to double check some details and to discuss project constraints. At the meeting, you sketch diagrams on the whiteboard outlining four of the main business processes. Then you ask Joanna if the processes share data, and if not, could they share data in the future.

Joanna says, “Well, no, they don’t share data … wait, what do you mean exactly? Because I know what sales are made when I check the day’s transactions and when I know the sales, it helps me figure out if I need to order more stock. There are other things that overlap too, like the rosters and the payroll.”

You explain that’s exactly what you mean and you ask her to describe more ‘overlaps’ in the Socrates & Co business processes.

“Well, the cash sales determine the next morning’s bank deposits, but the POS transactions just happen automatically. Also, you know how the sales tell me what to order? Well, I also use a bit of knowhow, like when Michael Sandel’s latest book came out, I knew it was going to sell quickly so I ordered quite a few. Actually, I can say the same for several other authors, like Sam Harris. He sells quite well these days. Hmm … come to think of it, if the new system knows how quickly an author sells, then it could keep those authors in a special list, couldn’t it?”

You agree that’s one of the functions a system could provide. But you point out that it wouldn’t be able to figure out whether to stock new authors because they wouldn’t have a sales history.

Joanna says, “Oh, that’s ok, the publishers know the store so well, I can usually rely on their recommendations. Then I just order a few copies of what they recommend, unless I think the author wouldn’t work at all. It’s especially easy if the publisher takes returns of unsold stock.”

You say, “Like Fractal Publishing? They do that for one of my other clients.”

You recall that Fractal Publishing is one of the B2B publishers and that they are going to upgrade the security of their B2B system next year; as are Continuum, MUP, OUP and Stanford Law Books.

“Yes, we’ve had an account with Fractal for ages! Do you know Jane Berne? She’s my account manager.”

“No, but let’s stay on track. If you email me a list of publishers that take returns and a description of the important ‘overlaps’ we can look at some other things. About the app… do you want it to offer the same transactions as the website? Or do you have something else in mind?”

“I’m not sure. What do you recommend?”

“To keep costs down, let’s keep the transactions the same for now and if you need to review that decision in future, you can do so. But, transactions aside, the website can have other features if you want it to. It doesn’t have to be only sales.”

“Really? That’d be great. We can advertise our different Writers’ Week events. I need to talk it over with Kavya and Adam, they’re bound to have some suggestions. Oh! Can the customers review the books they have read?”

“Sure. But let’s be a little cautious with respect to budget and schedule. So perhaps we ought to …”

The discussion carried on for another fifteen minutes before you shook hands and estimated that you would finish the preliminary investigation within a week.

Preliminary investigation

6. Conduct a SWOT analysis for the future information systems project.

Described below are the strengths, weaknesses, opportunities and threats of this solution.

Strengths:

• Good number of existing customers will help push online sales: The existing customer base and word-of-mouth recommendations will bring users to the online portal. The target customer base will expand across all customer categories:
  • The books will be available to everyone browsing the Internet, thus giving every bibliophilic an option of reading the book information as per their own convenience, irrespective of the location.
  • The project will enhance the customer experience, as there will be no time constraints for making the purchase, making it available 24/7.
• Online marketing: Word of mouth recommendations for a particular book will transform into e-recommendations thus making it available for a larger audience and helping them in their decisions when they are looking up for the similar content.
  • The company can promote the website on social media to get reviews and word-of-mouth recommendations.
  • The company can post information on special events such as “writer’s week” on either social media or on its website.
  • Online users can browse through categories such as “Publisher Recommendation”, “New Arrivals” and “In stock now” to get the best books.
• Sales data to make informed business decisions/deeper insight into customer preferences: Managing sales will be easier as the process will be automated and handled completely by the Information Systems:
  • The transaction-processing database will be able to provide details like which publications are generating maximum sales. It will also be able to tell, in which months the sales are the highest.
  • The online sales system will give important insight into the customer behaviour:
    • Which books are being searched the most?
    • Which books from “Publisher Recommendations” are selling most?
    • Which age group are majority of customers from?
    • Which region are the majority of order being placed?
  • No adverse impact on walk in customers: The bookshop’s heritage architecture will be promoted on the website, therebyattracting tourists and walk-ins, which can generate additionalsales. The website and social media presence will generate awareness about the bookstore and its services.

Weaknesses:

• Need for Training: Lack of hands-on experience in using an information system might pose challenges. The staff will need training to operate the new system.
• Need for full-time staff: The new business model mayrequire fulltime staff or dedicated roles for staff members to manage activities properly.
• Need to “professionally manage” publishers and suppliers: Currently the business is being run on personal relationships and reliance on publishers who have long-standing relationships with the company. Many decisions are taken “instinctively” with respect to sales and reordering of the books. This approach may not be very helpful in future when sales expand and more publishers will be required to fulfil sales orders. A more professional system will be needed to manage the supplier relationships.

Opportunities:

• Tying up with universities, pushing textbook sales from university websites: We can tie up with universities to boost textbooks sales through Socrates website (universities can direct students and online users to Socrates website for textbook purchases, and get 5% commission).
• Launching Offers and Schemes: Various online marketing strategies can be applied—for example, “limited time period offers” can push the online sales.
• Web Advertising: Advertisements can be posted on the website or the mobile application for the upcoming events suchas“writers meet” etc.
• E-Books can be made available through the portal.
• Café and additional services: Additional business idea like having a Café inside the bookshop will be an attraction for the customers who wants to enjoy their reads with a cup of coffee.This feature can be promoted online to increase walk-in customers and show them the enhanced experience.
• Online reviews: The future system will allow the customers to post reviews of the books online. People can also reviews their bookstore experience and give comments.

Threats:

• Coping with the change: As the orders increase, the need to expand supplier base will also emerge. This would mean additional resources, expanded network of suppliers, and further investment in terms of time and resources. Not being prepared for this up scaling can lead to failure, loss of reputation and customer trust.
• Customers who are not tech-savvy: Customers in the older age group (60-80 years) might find walking into the bookshop much easier than using the modern technology and hence they might refuse to make use of the application or website.
• Negative Impact on Walk-in Sales: If the website fails to generate the desired publicity about the bookstore, then it might lose some of the existing walk in customers,who wouldprobably just make the purchases online.
• Dependency on technology: A smart phone/tab/laptopis a mandatory requirement to access the website or the mobile application,as well a good Internet connection is needed to utilize the web services. Customers without this facility might not benefit by the project.

7. In one sentence, state the opportunity.

By establishing a transaction processing system,an online portal, and mobile app, Socrates & Co. can expand sales, supplier network, and walk-in customer base, besides generating word-of-mouth publicity through active online presence.

8. Outline the future project’s scope with Must Do, Should Do, Could Do and Won’t Do lists.

Must Do:

• Set up a database for:
  • Books available in the store
  • Books under special orders
  • Rare books
• Prioritize the platform (Android/iOS/Blackberry) on which the mobile application will be made available first.
• Design and develop the website:
  • Provide information regarding all the books available within the bookstore
  • Provide categories such as “publisher recommendations” and “best sellers”
• Ensure that the publishers agree to the format of Drop-Ship(provide goods by direct delivery from the manufacturer to the customer).
• Ensurethat the online sales system is launched without disrupting any of the current business processes.
• Set up theonline payment system via credit/debit/pay pal.
• Document and process the legal formalities for setting up the website or mobile application.

Should Do:

• Plan the transformation in phases—create a project plan while ensuring that the current business is not adversely impacted.
• Suggest a better inventory management system including storage of the inventory.
• Plan training for the resources to access and manage the new system.
• Suggest a book renting service for online users.
• Provide the option to pre-order the books online or by placing a request at the store.

Could Do:

• Provide “Cash on delivery”services for the customers placing online orders.
• Provide the rare books for a limited period on rent (by placing request online).
• Provide customer service via e-mail (since a call up service would require additional resources) to ensure a positive customer experience and grievance redressing mechanism.
• Provide facility of international shipping of orders.
• Provide option to rate the books online by using a “five-star”rating format—one star being the lowest and five indicating the highest ratings.
• Publish “frequently asked questions” on the website.
• Make arrangements for a transaction processing system for the Café which may be opened later on in the bookshop (the owner has already acquired the license and in future, may require an integration into the existing system)

Won’t do:

• Providing E-Books for the mobile application or website users
• Posting detailed book reviews(since this will require an additional resource to scan through and finalize the content before publishing it online)

9. Identify two approaches to fact finding you would use in this case and explain why you favour these approaches.

The two fact-finding techniques  that we would use are:

1. Conduct series of interviews
2. Observe Operations

Interview: Who, What, Where, When, How, and Why

Since a new inventory system is being developed, we will need more information regarding the sales history besides other elements from the past history of the bookshop, as proper sales information is not being maintained currently. Also, the first download of information given by Joanna regarding the business might have missed supporting details which will be captured during interviews and help us in documentation of the facts and figures. The details can be captured by conducting series of interviews with the owner of the bookshop as well as the employees working as part time.

Observing the ongoing operations

Socrates and Co. does not maintain a record of its day-to-day activities thus observing ongoing operations will help in providing an accurate picture of the sales process and the workflow.By close observation, we will be able to understand the roles and responsibilities accurately, which will later help us in allocating the tasks and roles in the new information system.

10. For projects such as this one, estimates for cost, benefit and schedule are required prior to decision-making. Write a list of the tasks you would undertake in order to estimate the cost of the future project.

We will evaluate the Economic Feasibility of the project, which means:

• Calculating the benefits of the proposed project
  • Dollars saved per fiscal year or per month
  • Intangible benefits to the business

• Calculating the Total Cost of Ownership
  • Cost of resources (including IT staff and users)
  • Cost of required hardware (bard code readers, PCs, laptops, servers)
  • Cost of required software (in-house development or vendor purchase)
  • Training cost (time required to train each employee)
  • Cost of licensing and legal approvals
  • Consulting fees by IT Foundry
  • Cost of postponing or not developing the project

We will also perform a Schedule Feasibility Analysis to understand:

• The timeframe within which the project can be implemented
• Acceptable time overruns (tolerance to extending the timelines)

11. Socrates & Co can budget $25,000 for the proposed project. Is this enough information to make a decision on the project’s economic feasibility? Explain.

This information is not enough to make a decision on the project’s economic feasibility. To get a clear picture of the economic feasibility, we need clear calculation of:

• Cost in terms of resources (effort required by IT staff to develop and implement the system)
• Cost of required hardware (bard code readers, PCs, laptops, servers)
• Cost of required software (in-house development or vendor purchase)
• Training cost (time required to train each employee)
• Cost of licensing and legal approvals
• Consulting fees by IT Foundry
• Cost of postponing or not developing the project

A project is considered economically viable if the benefits exceed the incurred costs. We will have to deep dive into the intangible and tangible benefits to ascertain the exact worth of the project.

Ethical analysis

Consider the Socrates & Co case study.

12. Suggest one amendment to Socrates & Co that won’t incur heavy costs, but will
    1. Deliver long-term benefits to the wider community.
    2. Foster growth in any related or relevant industries.

Explain how your amendment will achieve these two outcomes.

One amendment to Socrates & Co that would deliver long-term benefits to the wider community and foster growth in a related or relevant industry would be:

• Allow renting of text books to students
• Allow renting of rare books to senior citizens and aged customers.

The above two amendments will not cost any additional money, but will generate goodwill and thus better word-of-mouth publicity for the company. Goodwill is an intangible asset to a company, which provides long-term benefits by way of generating positive customer outlook.

In future, as the company forays into online sales, many aged customers might feel “left out” due to lack of technical knowledge. In the online forum on the course website, a fellow student has said “people of old age still prefer person-to-person contact and they need personal attention. They wait on long holds just to talk to a person and get their query answered. This could either be due to difficulty in using the system or they don’t rely and don’t trust the automated system with certain things like making payments.”

Old people may not be able to make the purchases and for them, coming to the store and renting out old books would be a boon. Also, students from weaker sections of the society will find it extremely beneficial, to be allowed to rent some of the books. All these services will generate positive customer impact and a sense of social responsibility by the company.

Joanna is very happy with the project plan you produced and has almost decided to move on to systems analysis with you and IT Foundry. In her enthusiasm, she shows your project plan to Kavya and Adam, who are delighted to view a professional project plan and very keen on the project, especially as some of the ideas they had for the website have been included in the planning.

A week later, Kavya and Joanna are working together and during a quiet moment, Kavya suggests that Joanna can save money by giving the project plan to Kavya and her friends so they can do the project as part of their masters program. That way, Joanna would get the technology for free and Kavya and her friends can work on a real-world project. Kavya says the finished product will be just as good as what IT Foundry can produce.

In responding to the questions below, consider Grodzinsky, Miller and Wolf (2012). This reading can be located on the course website.

13. With respect to ‘the rules’ what is the main ethical issue?

With reference to ‘The rules’ the main ethical issue is that Joanna might be influenced by Kavya’s idea and breach Rule 2 (Rule 2: The shared responsibility of computing artifacts is not a zero-sum game, Grodzinsky, Miller and Wolf, 2012, Pg. 16) by withdrawing the project from IT socrates and providing it to Kavya and her friends. The company IT Foundry (Creator) trusts Joanna (User) and will honour the relevant licensing agreements and will not use the information provided by them in an unpredictable way. Also, if Joanna is willing to give the project to the graduates, she should seek IT Foundry’s permission and then proceed with the projects with Kavya and her friends. In this case, Joanna is ignoring her moral responsibilities and knowingly committing an action that is unethical and a breach of trust.

14. With respect to the trust model what is the main ethical issue?

As per the model of trust(Grodzinsky et al., 2011, Pg. – 17),Joanna might breach the principle number 2 – Trust is a decision by a to delegate to b some aspect of importance to a in achieving a goal in order to reduce cost for the development of the project, which is a main ethical issue. Thus, when Joanna and IT Foundry were almost planning to move on with the IT Foundry for the analysis of the project, out of enthusiasm, she shares the plan with Kavya and Adam. Kavya suggests that there can be some savings done on the cost by giving the project plan created by IT Foundry to her friends who are pursuing master’s and can use that as a part of their project work. Also, Kavya and her friends are eager to work on the project since it will be a real time application.

15. What implications arise from the two ethical issues identified in questions 13 and 14?

There are chances that Joanna may change plans of engaging IT Foundry with the project since she will benefit with Kavya and her friends implementing the plan as a part of their Master’s program for no cost.

Also, Joanna might lose trust of the IT Foundry which might also hamper the relationship which was built by her and her father with few of the publications that she deals with like Fractal Publications, Continuum, MUP, OUP and Stanford Law Books etc. (Assuming that IT Foundry will be handling their future security upgrade of their B2B system)

16. From Joanna’s point of view, what options are there? Identify four options.

From Joanna’s point of view, the options she has are as follows:

1. She has to be completely honest with IT Foundry and propose that she would like her employee Kavya and her friends to do the project as part of their major project as it will save her a lot of money
2. Or else she can continue entering a contract with the IT Foundry and not share the work with Kavya’s friends.
3. Also, Joanna has an option to stick with IT Foundry as the provider of the new information system and get Kavya and her friends to collaborate with IT Foundry to work on the project together.
4. Finally, the last option is get only the initial proposal from IT Foundry and then wait for a period of time and with further consultation then finally decide to proceed with the project at a later date.

17. From a Joanna’s point of view, which option is best, and why?

From the options above, the best option from Joanna’s point of view is option 3, where she can get IT Foundry and Kavya and her friends to collaborate on the project and work on it as a team.

• Implementing this will benefit Joanna since she is a trusting person as well as the IT graduates since they will get hands on experience by working on a real world project with professionals.
• Also, IT Foundry has invested time and effort to come up with a likeable project plan which includes ideas from Joanna and her team thus if both the entities work together they will avoid breaching any principles or rules and can end the project without any disputes.
• Hence, the moral thing to do is to keep IT Foundry informed of the decisions taken as it wouldn’t be ethical to steal the work they did for Joanna and give it exclusively to her employees to do as a project for their university.
• Option 1 and 2 gets eliminated since it is not ethically correct to use IT Foundry’s work elsewhere. Also, option 4 is time consuming since Joanna, might have to wait for indefinite period and can be ruled out.

Conceptual development and risk identification

Consider the Socrates & Co case study and the systems planning you have completed. You may have completed the planning tasks with a lot of care. If so, your planning is more likely to be effective in supporting future project activities.

Consider a situation in which the planning tasks were conducted in a carelessmanner.

18. With respect to the systems planning tasks you completed above, identify risks for each of the following stakeholders. Your answer should have eight unique risks (two per stakeholder).
    1. Socrates & Co.
19. Socrates and Co. may withdraw due to budget issues and might not choose to continue with the future information systems, which will lead to the project closure prematurely.
20. Since Socrates and Co. has to work simultaneously on running the existing business while planning for the future information systems, there might be lack of commitment and cooperation which might cause gap in the requirements gathered.
    1. The wider community.
21. Since Socrates and Co. did not have any online presence, it will be difficult to market the website or mobile app to a wider community
22. Since new to the market, people not familiar to the bookshop will take time to trust the brand.
    1. The IT profession.
23. IT Professionals (Kavya and her friends) are inexperienced and lack the skill and knowledge since they are still pursuing their degree hence working in a professional environment with IT Foundry willimpact the project schedule since they might require training to complete the task.
24. The students collaborating with the IT team to work on the project might withdraw mid-way from the project creatinga resource shortfall.
    1. Your own future work tasks (assuming the project goes ahead).
25. The assumptions while planning the project might be inaccurate and some of the information might be misleading.
26. Might have overlooked some information, which will be important at a later stage of the project thus incurring more costs to the customer.

19. Select two of the risks from question 18. With reference to these two risks, what are your conclusions about the importance of attention to detail with respect to system planning?

Note: future assignments will ask you to reflect on the answer you give.

Tworisks from the above question are:

1. Socrates and Co. may withdraw due to budget issues and might not choose to continue with the future information systems, which will lead to the project closure prematurely.
2. The assumptions while planning the project might be inaccurate and some of the information might be misleading.

Conclusion:

The risks mentioned above highlight the need for attention to detail while calculating the budget and defining the scope of the project. We need a detailed analysis on economic feasibility to mention what all costs are going to be incurred. The owner of Socrates and Co. is looking at accommodating additional services like opening a caféwithin the current budget. If we don’t look into the details of what it would entail, it will create of shortage of funds, and risk the project before the scheduled end date, thus forcing the owner to withdraw the project prematurely.

Not for assessment

How many hours did you invest in this assignment?This information will be provided to future students in this course.

We have invested the following effort in compiling the answers:

• Group members: 5
• Effort spent per member: 6 hours
• Total Effort: 6 hours x 5 = 30 hours

Thank you for the time and effort you have invested. I look forward to reading your submissio

Assumptions

• Assumption with regard to Roles Allocation: Joanna is the Managing Director of the firm, while the key functions are being managed by the part time workers in the following allocation:
  • Kavya Amal, Sales Manager
  • Adam Matchoss, Supply Chain Manager
  • Rajavel Sulake, Inventory Manager
  • Priyam Farrukh, Finance Manager

• Assumption with regard to current business process: There is no Point of Sales system currently in place in the business. Transactions are processed manually with no electronic system being used.

• Assumptions with regard to assets and resources of the company: The company has the following assets and resources at the time of the initial investigation and project planning phase:
  • Cash Deposits worth 0.5 million AUD
  • Antiques having estimated net worth of 2 million AUD
  • Bills receivables of 50,000 AUD
  • Rare collection of victorian era books (original copies)
• Asssumptions with regard to suppliers and publishers:The company has a network of 34 suppliers which are categorized as:
  • 2 are special vendors dealing in rare books
  • 17 are B2B publishers who offer easy returns of unpurchased books
  • 15 are text book publishers

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