Homework: SWOT Analysis
Determining when to develop a system in-house or to purchase a COTS system is not always clear. A SWOT (strengths, weaknesses, opportunities, and threats) analysis brings the strengths and opportunities to a focus point and highlights the threats and weaknesses so an informed decision can be made. This analysis is often completed by the stakeholders, including the business analyst.
Perform a SWOT analysis of buy versus build for your chosen system using the knowledge gained from the discussion, Purchasing Software Applications. You may use any Microsoft program to create the SWOT analysis similar to the one featured in Ch. 12 of Information Technology for Management.
Use your SWOT analysis to create a guide for managers at Phoenix Fine Electronics to help determine if the business should build or buy a system.
1. Include the following in your guide:
a) Various steps needed to purchase or develop a system in-house
b) Budget considerations
c) Staffing considerations
d) Time considerations
e) Risks
f) Maintenance plan
g) References.
Format your homework according to the following formatting requirements:
(1) The answer should be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides.
(2) The response also includes a cover page containing the title of the homework, the student's name, the course title, and the date. The cover page is not included in the required page length.
(3) Also include a reference page. The Citations and references should follow APA format. The reference page is not included in the required page length.