Cost Management Vs. Quality Management Term Paper

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Management & Quality Management

Cost and Quality Management in CIS Project Development

Project management in CIS (Computer Information System) is a task that requires skills and strategies to achieve a successful end product. This involves the application of techniques in the different project stages and activities. It allows an organized process of development, enabling results into functional systems, applications, and software. CIS project management includes resource management, development team management, project requirement management, cost management, and quality management.

Essential to CIS project management components that must be considered are the cost aspects necessary during and after the phases of development, as well as the quality procedures that should be undertaken to ensure an effective and efficient system product. It is essential to utilize such project management components, which serve as strategies, to achieve a functional system that conforms to user and client requirements.

Cost and quality managements, which are two of the critical elements in a CIS project, go hand in hand. When constructing a project, there is always the process of determining the vital resources a system will need to use when delivered to client. Such may include the most applicable operating system for a project, the database solution, or the necessary hardware requirements. Deciding for these factors is associated to cost management because there are a number of similar products in the current IT market, whereby they have differing market price.

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This type of project management is called cost management. A good cost management approach prepares diverse possibilities of different cost strategies. This includes not only the financial aspects, but also the elements of development time and human skills that are required and necessary for the development of a CIS project.

Almost always, in cost management, one of the most important strategies being focused on by project development teams is cost reduction. Being able to reduce the amount of financial spending is a factor many project management procedures consider and aim to achieve. An accurate knowledge of a project for development may allow a more efficient planning and establishment of strategies for cost management. For instance, determining and carefully understanding the full system flow of a CIS project may facilitate the process of deciding for the necessary software and hardware the system will be implemented with. Along with the success such may bring in cost management, it may also embrace related aspects in CIS quality management.

While cost management is an important management strategy, quality management must not be set aside. As vital as cost management, it is an aspect that presents the end product (i.e.….....

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