Assignment: (Project Mananement On Mis)
Assignment: (Project Mananement On Mis)
Applications of MIS
With computers being as ubiquitous as they are today, there's hardly any
large business that does not rely extensively on their IT systems.
However, there are several specific fields in which MIS has become
invaluable.
Strategy Support
MIS systems can also use these raw data to run simulations –
hypothetical scenarios that answer a range of ‘what if’ questions
regarding alterations in strategy. For instance, MIS systems can
provide predictions about the effect on sales that an alteration in
price would have on a product. These Decision Support Systems
(DSS) enable more informed decision making within an enterprise
than would be possible without MIS systems.
Data processing
Not only do MIS systems allow for the collation of vast amounts
of business data, but they also provide a valuable time saving
benefit to the workforce. Where in the past business information
had to be manually processed for filing and analysis it can now be
entered quickly and easily onto a computer by a data processor,
allowing for faster decision making and quicker reflexes for the
enterprise as a whole.
Management by Objectives
While MIS systems are extremely useful in generating statistical
reports and data analysis they can also be of use as a Management
by Objectives (MBO) tool.
Benefits of MIS
The field of MIS can deliver a great many benefits to enterprises
in every industry. Expert organizations such as the Institute of
MIS along with peer reviewed journals such as MIS Quarterly
continue to find and report new ways to use MIS to achieve
business objectives.
Core Competencies
Every market leading enterprise will have at least one core
competency
Quick Reflexes
The information needs of disaster managers fall into two distinct, but
closely related, Categories of activities viz:
Ask who will be the main users and what end product do they require?
The system must be appropriate to the level of management at which it
is used. Failure to have a very clear idea of the purpose of the system is
likely to lead to the creation of an unnecessarily elaborate one which
attempts to do more than is really necessary, with the attendant risks of it
being costly, time consuming to maintain, the data being out of date and
the system itself being inappropriate to the real needs of its users.
i. Preparedness planning
ii. Mitigation
iii. Response & recovery