Question

Please explain in 5 sentences

1.For large scale IT project investments, like at Alcoa Chemical's, which IT valuation method is most appropriate and why? Explain Briefly

2. How has Data Analytics affected individual privacy rights? Illustrate your answer Briefly with example of company like Netflix or Amazon

Answer 1

In this present global account, most of the large scale IT projects runs into trouble due to the lack of proper valuation. Large IT projects are more complicated than a smaller one because of its complex nature. Every major IT project is unique and needs a careful valuation process for ultimate success. For large scale IT projects, economic valuation method is most appropriate. This valuation process includes several aspects which are discussed below in brief:
Engagement from key stakeholders:
Valuation is needed for understanding the role of stakeholders. For large IT projects, large scale of stakeholder involvement is essential. Else, the project may be running out of time. Large scale stakeholder’s involvement is also associated with large scale budget establishment and proper milestone settings.
Valuation of scope:
The organization and management must evaluate the scope of the project. It is often observed that big projects fail due to the lack of scope and objectives. The stakeholders should pay attention to the fruitfulness of the project.
Strategic outcomes:
An extensive strategic movement is essential to make a large IT project successful. More unique and innovative ideas need to be incorporated within the strategy to get positive outcomes. Innovative strategies also provide competitive advantages to the IT Company. Strategic decisions also involve effective software incorporation.