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Tomorrow’s Technology and You 8th Edition - page 44 / 50

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© 2008 Prentice-Hall, Inc.

Slide 44

Tomorrow’s Technology and You 8/e Chapter 12 Planning for Information Systems

Allocating Resources

Third phase: resource allocation, the process of selecting the information system projects in which to invest

Decide how to use limited budget, people, and time.

Use cost-benefit analysis to decide whether an information system project is worthwhile.

A cost-benefit analysis is also used to compare a project with other proposed information system projects.

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