Question

What advantages does a CIO bring to a business? What might be two disadvantages of having a CIO? What are the trade-offs between cost, quality, and time when designing a project plan? What criteria would managers use to manage this trade-off? How do social analytics aid an organization?

Answer 1

The Chief Information Officer brings consequently advantages to a business.

•             Can give exceptionally educated decisions about the way information is dealt with and handled.

•             Chief Information Officer can push and strengthen general strategy of the business, empowering it in a way that other focal officers will be unable to in light of the fact that innovation and information is an original piece of the capacity of each office.

•             CIO characterizes makes, assimilate and record the information of the business.

Impediments are

•             Most of the Chief Information Officers battle to talk business since they concentrated more on IT related undertaking and don't coordinate every single other capacity of the business.

•             If an association has decentralized business operation, it faces trouble to have the CIO since CIO would imply that information and innovation operations are incorporated.

•             It is troublesome for the CIO to set up credibility in each unique learning base

Scope quality triangle characterizes the interrelationship among three mainstays of fruitful projects and these are time, cost and quality. Time is the accessible time to convey the venture, cost speaks to the measure of cash or resources accessible and quality speaks to the "fit-to-purpose" that the task must make to be a progress. The undertaking manager will ignore the scope triangle as the directing force for the venture arranging and planning on which venture is irrevocably constrained. A superior venture manager will improve utilization of at least one of the axes and will shift the emphasis in the undertaking to one of alternate axes.

Social media analytics offer customer insight by breaking down social media information. Social media analytics built up a key customer touch point, both for spreading showcasing messages and assembling input.