ENT586 Enterprise Information Technology Assignment Sample

Subject Code : ENT586
Subject Name : Management

Table of Contents

Answers

Question 1

Question 2

Question 3:

Question 4:

Replies

Reply 1: The risks of enterprise security

Reply 2: Risk management practices

References

Answers

Question 1

Benefits of outsourcing and in-house development of projects (Doran, 2020):

Outsourcing reduces the operational and hiring cost of the organization. This saves the time required by the organization to look after product development. On the other hand, in-house development involves face-to-face discussions, which helps in immediately starting a project. All the employees working in-house follow the company's code of ethics for implementing a project, this gives efficient outcomes.
A retailer can propose an organization to hire a project developer with an obligatory technological skill. This will deliver the company a qualified professional for the project. Subsequently, inhouse project development includes the full dedication of the team members in learning new skills and completing the project.
When a project is outsourced, there is no commitment involved, so the organization can cancel the project anytime based on assessment and rent somebody else. In inhouse development employees have a common goal and are from a common culture, this makes the attempts to be allied in one direction.
Project outsourcing aids organizations to expand their market share through different activities. Inhouse project development is advantageous when a project requires error fixing, independent preservation, and sustenance.

A project should be outsourced when an advanced technical skill is required. Hired project developer can complete the project easily as he has adequate knowledge about that technology. Also, this reduces the employee turnover of the organization. Although, security and trust issues are always a risk factor during outsourcing a product(Doran, 2020). Recruiting Experts for in-house development is proficient, particularly when the organization’s vision requires a bunch of various aptitudes. In-house undertakings will positively seem less expensive from the start, however, over the long haul, the money related restriction will be difficult.Moreover, considering long-term dangers, in-house improvement may confront a significant danger of oversight. Imperative parts of improvement could be strange to the development which can prompt issues. For instance, before leaving on improvement, groups ought to attempt a plan and investigation stage. Programming advancement by outsourcing a project can without much of a stretch wind up being unmistakably more capricious than at first envisioned (Plaza, 2017). Even though this can likewise be overwhelming, this threat can be effectively kept away from if the correct sort of agreement is fixed. With securebudgets, frequent correspondence, and pledge to the vision, an organization can easily outsource a project.

Question 2

Management Information System (MIS)

A Management Information System (MIS) accumulates information from different online frameworks, breaks down the data, and reports information to help the organization’s management segment to make decisions. The accomplishment of the executives lies in its capacity to distinguish its basic issues and afterward to settle them by utilizing legitimate dynamic procedures with the assistance of an assortment of the appropriate information identified (Baltzan and Phillips, 2016). In the period of rivalry, to stay in front of contenders and to stay up with the innovative unrest, the organization must stay up to date with chosen data and sort out it for proper decision-making. The board's most significant assignment is to get the correct data in the correct structure at the opportune time. One type of MIS is the Transaction Processing Systems (TPS) which handles the information control of the organization (Khubaev et al., 2017).

The operational level representative userutilizes TPS for this exchange. The most important point of TPS is to improve the productivity of organized information preparation. The supervisors at the middle level utilize MIS for all exchanges. Furthermore, MIS also improves the productivity and viability of the board for the supervisors.MIS frameworks give the tools, which are important in increasing a superior comprehension of the market just as a superior comprehension of the undertaking itself. A data stream is an absolute necessity for monetary and compelling control of stock creation cost, the executive's choice, and planning(Baltzan and Phillips, 2016).

In the current day circumstance, a fast and right data stream is fundamental for the endurance of an association, since it encourages the association to continue from a condition of vulnerability to a condition of conviction. Managers need data to oversee and to complete their significant elements of arranging, staffing, sorting out, coordinating, and controlling. Subsequently, organizations utilize the Information Technology (IT) to guarantee that framework information necessities are appropriately kept up for the Management Information System to work viably for the association(Khubaev et al., 2017). The IT department should likewise tailor the data innovation to line up with every division procedures and capacities as they all contrast somehow or another. A portion of the frameworks incorporates the Executive Information System (EIS), where the decision-making administration of the firm gathers and dissects the information to settle on the best-educated choice for the achievement regarding the association. These choices will use Business Intelligence Systems (BIS) to settle on the best-determined choices dependent on the assortment of advanced information(Khubaev et al., 2017).

Question 3:

In the progress of innovation these days globally, all the companies rely more on their information frameworks. Over-all society becomes on the superiority of the use of the framework in frugal their data, evidence, and mainly their data. Furthermore, the danger from the framework computer operators and cybercrimes havecomprised their anxiety the utilization of information framework. Since there are such a significant number of programmers from all about the world, the organization needs to address the risk involved with enterprise security. The data is the reason for the upper hand and not revenue driven area which expanded the open consciousness of cyber fraud and the intensity of data (Allodi&Massacci,2017).

Without the data, neither organizations norrevenue-driven part could work on the grounds. The association must realize what is the importance of data security in the association so they will think better about these cases.Associations of all dimensions will accumulate and hoard a great volume of secluded data which might be about their staff, shareholders, research, items, or revenue related activities. A big portion of the data is collected, equipped, and put away on databases and communicated across systems from one database to a different database. Structuring and actualizing security strategy for client passwords is one of the principal arrangements. The reason for this strategy is to ensure secret data and archive the data, just as to guarantee a predictable stride of security for associations(Allodi&Massacci, 2017).

The execution of this security strategy can ensure classified data of all related associations and people. Associations will interface their IT frameworks because of connecting to the Internet and other systems administration frameworks. The entirety of the components may hold a data security chance for an association because an association is an endeavor to make sure about their own IT condition rather than the fact that they have little power over the IT frameworks that they interface with (Cheng, 2017). On the off chance that the system that the association interface with IT situations are unreliable, the data security may represent a danger to the IT frameworks in the host condition. Information safety is essential for the growth of an association which retains the data about their employees or stakeholders.The IT department should likewise tailor the data innovation to line up with every division procedures and capacities as they all contrast somehow or another(Cheng, 2017).

Question 4:

Risk management is a recognizable proof procedure of forthcoming dangers and peril to an association. In an association risk can arrivein numerous ways, it can emerge out of an unsuccessful project, revenue related issues, or a fluke in the workplace. The reason for risk management in an association is to distinguish issues before they enter and make issues in the association (Callahan & Soileau, 2017).It is a persistent looking forward procedure so it is a significant piece of business. Early discovery of risk is significant because it is simpler and changes can beeffectively madein the arranged procedure. It is anything but difficult to keep up a system and understand the dangers when they are in the beginning time. A powerful risk managementscheme can assist the associations with managing their dangers and boost achievement openings.There are an excessive number of advantages of risk management in an association, such as less tedious, less exorbitant, and less work. The administrators of an association should prepare the staff by talking about the dangers with the administration when it is in its beginning time. The staff and the executives ought to play out their obligations with duties and complete their assignments on the given period by the administration.

Continuous observation of exercises in the association should be done. Furthermore, the supervisors should accomplish something for the advancement of the staff and give them appropriate and persistent training to make them impeccable in completing their duties.The managers should continually monitor what is most exceedingly terrible that can occur or harm the notoriety of the association. Information is a significant source to recognize chances and suitably react to them.Data should be accessible to all the managers, all the exchanges should be recorded and genuine planned procedure should be used. The executives ought to have quick access to working and budgetary data all the more viably. A few perspectives are thought of and composed to make a correct structure for big business risk management.New items and new organizations ought to be dependent upon rigid risk standards.The financial records and divulgence rehearses will reflect document transparency and clearness (Danisman&Demirel,2019). The issues relating to corporate administration must be given due thought.Interior control frameworks and other defend components ought to be reinforced for defencing the organization against scams.

Replies

Reply 1: The Risks of Enterprise Security

The panics issues about taken or losing information are turning into a continuous risk as all the associations depend progressively on computers for stowing corporate data. It is significant to be strained over data safety since a significant share of the assessment of a business is to focus on the assessment of its data. Along with cybersecurity, regular maintenance of the company websites, servers, operating systems, and load balancers should also be done.Without consistent maintenance of all mechanisms of anorganization, it leads toserious security reinforcements and chief user-facing issues can demandintimidating, and up-gradation of all versions. This will leave the organization susceptible while the development team ascent to fix this (Mayer et al. 2019).

Employees opening an email attachment could release a virus into the company’s network.Programmers may strike a lot of servers in an objective organization and afterward, when security managers are caught up with extinguishing that fire, they outbreak another piece of the system. Furthermore, a supervisor may give access to the system for an accomplice organization and afterward forgets to close that gateway when the activity is finished. These small disruptions by the company’s employees can lead to huge risks for the enterprise. Subsequently, a worker could spare businessdata in an alternate document, give it another name, and email the file to a companion or corporate contender. Monitoring software that checks the messages leaving the organization may fail to find out the file if the file subject is changed (Walterbusch, 2017).

MIS is required in an organization for satisfying the data requirements of an employee, a team, and the administrative functionaries. It benefits the administrative workforce in the exchange handling and answers their questions on the information relating to the exchange, the status of a specific record, and references on an assortment of reports. Furthermore, MIS helps the central administration in shortening them planning, target setting, and controlling the business capacities.

Reply 2: Risk Management Practices

There are an excessive number of advantages of risk management in an association, such as less tedious, less exorbitant, and less work. Whatever be the level of the organization, the managers can refer to the ISO 31000:2018 guidelines, which consists of a brief to help the enterprises in managing the risks (Yang, 2018). The document incorporates the importance of leadership and teamwork in an organization. Furthermore, it also discusses that risk management should be executed at all levels of the enterprise to avoid any failure. Irrespective of the success level of the organization, they can utilize the Enterprise Risk Management (ERM) model that covers all the risks that affect the organizational objectives, assets, and brand value of the company (Waseem-Ul-Hameed, 2017).

As associations develop in intricacy and serve worldwide markets, the initial test is to see completely how the different hierarchical units interface and relate, and, thus, how the dangers cut over the storehouses. Rather than overseeing risk in numerous individual depositories, ERM takes an incorporated and all-inclusive point of view on risks confronting an association.In an association, it is conceivable that an occasion can happen and influence the accomplishments of the targets.It can diminish the estimation of the merchandise and ventures, with the goal that hazards should be investigated due to their effects.The panics issues about taken or losing information are turning into a continuous risk as all the associations depend progressively on computers for stowing corporate data. It is significant to be strained over data safety since a significant share of the assessment of a business is to focus on the assessment of its data.

References

Allodi, L. &Massacci, F. (2017). Security events and vulnerability data for cybersecurity risk estimation. Risk Analysis, 37(8), 1606-1627.

Baltzan, P. and Phillips, A. (2016). Business driven information systems (5th ed.) New York: McGraw-Hill.

Cheng, L., Liu, F. & Yao, D. (2017). Enterprise data breach: causes, challenges, prevention, and future directions. Wiley Interdisciplinary Reviews: Data Mining and Knowledge Discovery, 7(5), e1211.

Callahan, C. & Soileau, J. (2017). Does enterprise risk management enhance operating performance? Advances in accounting, 37, 122-139.

Danisman, G. O. &Demirel, P. (2019). Corporate risk management practices and firm value in an emerging market: a mixed methods approach. Risk Management, 21(1), 19-47.

Doran, J., Ryan, G., Bourke, J. & Crowley, F. (2020). In-house or outsourcing skills: How best to manage for innovation? International Journal of Innovation Management, 24(01).

Khubaev, G. N., Shpolianskaya, I. I., Doljenko, A. I., Scherbakov, S. M. &Efimov, E. N. (2017). Evaluating the effectiveness of management information systems for small and medium-sized enterprises: a user satisfaction approach, 20(3B), 116-129.

Mayer, N., Aubert, J., Grandry, E., Feltus, C., Goettelmann, E. &Wieringa, R. (2019). An integrated conceptual model for information system security risk management supported by enterprise architecture management. Software & Systems Modeling, 18(3), 2285-2312.

Plaza, M. (2017). Cost-effectiveness of audio description production process: comparative analysis of outsourcing and ‘in-housemethods. International Journal of Production Research, 55(12), 3480-3496.

Walterbusch, M., Fietz, A. &Teuteberg, F. (2017). Missing cloud security awareness: investigating risk exposure in shadow IT. Journal of Enterprise Information Management, 30(4).

Waseem-Ul-Hameed, F. H., Ali, M. &Arif, M. (2017). Enterprise risk management (ERM) system: Implementation problem and role of audit effectiveness in Malaysian firms. Asian Journal of Multidisciplinary Studies, 5(11).

Yang, S., Ishtiaq, M. & Anwar, M. (2018). Enterprise risk management practices and firm performance, the mediating role of competitive advantage and the moderating role of financial literacy. Journal of Risk and Financial Management, 11(3), 35.

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