Question 1: Companies have traditionally opted between either a predominately low cost, or a differentiation strategy as a means of seeking competitive advantage. Is it possible to use information technology to do both at the same time. Why or Why not?
Question 2: Define knowledge management and provide at least three reason for why KM is getting so much attention lately?
Question 3: Briefly describe the steps of a pure prototyping methodology as an alternative to an SDLC approach. Which disadvantages of an SLDC methodology are addressed by a prototyping approach?
Question 4: The SLDC is composed of a number of phases. In your view, which phase is more important? Identify the phase that you deem to be most important in the sequence, and explain the rationale.
Question 5: What is a work breakdown analysis and why is this concept important?