Final Essay Exam Example | Topics and Well Written Essays - 750 words

Final Exam - Essay Example A clear path on which to formulate or base project costs is almost non- existent. For instance, each software project is distinct it might be mobile app for a specific institution like a University, bank, or government institution. The initial project cost might be underestimated due to the initial inadequacy of details. The cost quickly increases at the instance of an arising complication. For instance, in installing the hardware might be incompatible with the software. Alternatively, the scope might expand to unexpected dimensions. In addition, IT projects often entail the integration of new technologies. There are high risks associated with the use of new technologies in projects. The complex problems that arise during the project might lead to increased prices or closure of the project. New technology can swiftly derail the budget project to unexpectedly high volumes (Bittner and Gregorc 45). For instance, software is often developed independent of the operating system. Consequently, if the software developed is not compatible with the operating system then, it must be adjusted. This usually results in many and unexpected costs. Thus, more often than not, the cost management of an IT project is not accurately done by the IT professionals. Furthermore, IT professionals lack a business background. Therefore, they do not understand the significance of basic finance and accounting principles. They do not understand concepts such as value analysis, sunk costs, profits, learning curve theory, and return on investm ent or pay back analysis (Bittner and Gregorc 45). The inability to grasp these concepts often leads to cost overruns or abandonment of the project. Earned value management is an analysis technique applied in monitoring a projects status and progress. It is a highly valuable tool in forecasting the probable future performance of the project. Earned value management utilizes cost, schedule, and scope in the analysis

Trends of electronic communication Essay Example | Topics and Well Written Essays - 250 words

Trends of electronic communication - Essay Example With the help of webcams, this technology allows communicators to see one another in real time making messages more precise and understandable. It however has the disadvantage of not facilitating communication between individuals when one is offline. E-mail is a communication method that involves the exchange of messages of digital nature from one author to a single or numerous recipients. E-mails have the advantage of storing and forwarding messages, this therefore implies that both the sender and the recipient are not required to be online simultaneously to communicate. This was not however the case at the inception of e-mails when communication could only occur if both parties were online at the same time, more of what is presently the case with instant messaging. It has the advantage of storing information for future reference purposes with e-mails being used as evidence of communication if that need arises. The main advantage of e-mails however, is the inability to receive instant responses especially if the recipient is offline. Unlike e-mails and Instant Messaging, this technology enables individuals to share information with multiple users at the same time. This is unlike instant messaging where communication is on a one on one basis. Users in chat rooms usually have common interests and that makes sharing of similar information among many realistic. In as much as chat rooms allow people to communicate with multiple individuals of identical interest, it has posed a moral dilemma with users using these rooms for sexual purposes giving birth to sexual predators who hide their real identities to advance their evil sexual agenda (Thurlow, Tomic, & Lengel, 2004). Some of these rooms are moderated but the most used have no moderation whatsoever, which is a disadvantage since users could be underage individuals who should not under moderation be allowed to access the rooms, especially those of