Explain the tasks performed during the system definition phase of the systems development life cycle
What will be an ideal response?
The first step is to define the goals and scope of the new information system. At this step, a development team defines the goal and purpose of the new system. A project's scope is defined by specifying the users who will be involved, or the business processes that will be involved, or the plants, offices, and factories that will be involved. The next step is to assess feasibility. This step answers the question, "Does this project make sense?" The aim here is to eliminate obviously nonsensible projects before forming a project development team and investing significant labor. Feasibility has four dimensions: cost, schedule, technical, and organizational. If the defined project is determined to be feasible, the next step is to form the project team. Typical personnel on a development team are a manager, systems analysts, business analysts, programmers, software testers, and users. The first major task for the assembled project team is to plan the project. Members of the project team specify tasks to be accomplished, assign personnel, determine task dependencies, and set schedules.
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Angel recently purchased a block of 100 shares of Hayley's Optical common stock for $6,000. The stock is expected to provide an annual cash flow of dividends of $400 indefinitely
Assuming a discount rate of 8 percent, how does the price Angel paid compare to the value of the stock?