Friday, October 18, 2019
Project Management Essay Example | Topics and Well Written Essays - 4000 words - 1
Project Management - Essay Example Management Information System package is discussed at length putting into consideration the impacts that it brings with it. It was found to provide information that organization need in order to effectively manage their businesses. This package was found to be the best in managing a companyââ¬â¢s data and information. An Integrated Accounting System was also discussed in detail comparing its significance to the company and the impacts that accompany it. Various challenges were found to face the company in absentia of the package which can be solved with the application of that software. This system was found to be able to manage different accounts which are essential to the operation of the company. The package worked with use of modules which include the following: the financial Management Module, Accounts Receivable Module, Account payable module, fixed assets module, the inventory control model, sales order module, and purchase order module. The report further recognizes the im portance of Michael Porterââ¬â¢s generic strategy to be used by the ABC Ltd in order to make appropriate strategic decisions and the rationale that accompany the same. The strategy relied on two major aspects in its operations which were competitive advantage and competitive scope. Various functions of customer care were also discussed in the report. Contents Abstract 2 1.0 Introduction 4 1.1 Purpose 4 1.2 Scope 4 1.3 Method 5 1.4 Limitation 5 1.5 Assumptions 5 1.6 Background 6 2.0 SWOT Analysis 6 Strengths 6 Weaknesses 7 Opportunities 8 2.1 Alternative solutions 8 2.2 Management Information System (MIS) 9 2.3 Integrated Accounting System 10 2.4 Cost of Installing an MIS in the company 12 2.5 Discussion 13 3.0 Conclusion 15 4.0 Recommendations 17 Project management Gantt chart 19 1.0 Introduction 1.1 Purpose The purpose of this report was to analyze and determine the suitable management system and an integrated accounting system to be used by the ABC Ltd. The report considered bo th the internal and external environment surrounding the company and identified the challenges posing a threat o the company and opportunities available to the company. Customer service was rather discovered to be the best solution in identifying and satisfying the customer needs. This is because the service was found to be more effective and efficient way of handling the customer needs in any business. 1.2 Scope While determining ways to link Management Information System to an Integrated Accounting System, there are various factors that are put into considerations. Identify ways to increase sales of the firmââ¬â¢s products, regular staff training, management strategies to be used by the company, improve the product line of the organization and to crown it all, conduct customer service to increase the effectiveness and efficiency of their service. The reports looks at was in firmââ¬â¢s strategic decision are reached and how effectively and efficiently an organization should b e managed. ABC Ltd had problem of facing their system which had not been up-dated since the date of its installation. The report puts across rationale of using an up-dated system and the returns that comes with it. Considering the findings obtained in the study and the discussion thereby, a conclusion and recommendation of appropriate measures was done. It was concluded that IT usage in the business was necessary in the organizationââ¬â¢
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