Is Development Methodologies In Financial

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insurance.
The fact that MSFS has entered the Financial Services Sector comparatively recently and with a established IS knowledge base from the parent company has meant that existing information systems have been well developed in terms of technology and are compliant with the latest industry regulations. Therefore there is little or no need for redevelopment of existing systems in the short to medium term, and the ISD focus is almost exclusively on new market areas requiring Information Systems that can be started from scratch. The main exceptions to this are the possibility of introducing data warehousing to tap the potential of both MSFS’ and the parent company’s client database to better target MSFS customers, and the need to adapt existing systems for the introduction of the Euro, projects which will involve redesign of existing data stores and software.
The company has grown very quickly, and IS projects have consequently grown considerably as can be ...

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with the overall corporate objectives of information systems placing emphasis on the fact that information systems should be designed to help meet the requirements of the corporate plan . It does not look solely at individual ISD projects in the organisation as SSADM and SSM do, rather it considers the strategic position of information and information systems in the organisation before considering what the IT requirements are and how such systems should be implemented. Due to the cost and time involved in incorporating it as an ISD methodology, IE is usually adopted in large organisations (over 5000 employees) with IS departments of 100 or more.

IE highlights the importance of ...

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