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Question 1.
Business Procurement Management (BPM) is a technique in business that involves the combination of modeling, automating, executing, controlling, measuring, and optimizing of activities of a business to support the goals of the business, employees, and customers and partners who are either within the business or outside it. Managers in business often are keen on achieving the goals of the business. Through BPM they use the following steps to achieve their targets.
The first one is designing which includes how processes will flow, roles, and notifications with many PMS having a tool to facilitate the design. The second one is modeling where the design is figured out in different scenarios that it can operate. The third is an implementation in which managers now develop the design. Fourth, is where now the design is executed and the processes operationalized into the business. Then it follows with monitoring of how the processes are monitored and finally, optimization is done to analyze and determine how the process performs in the business conditions and then improve the process where necessary.
Question 2.
Accounting Information Systems (AIS) is the process of collecting, storing, and processing of accounting and financial data that is used by internal users when they are giving information to investors and other stakeholders. It is more often a system that records, maintains, and keeps records of a business, accounting system.
The study of information management concepts is important because these concepts help accounting personnel to meet the clients’ and customer’s needs. This also helps to come up with new information systems because the old ones are continuing to become obsolete because of the changing nature in the business industry. The changing aspect is because of changes in technology and also in organizational structures. Therefore with new systems making records and maintaining business records will be easy and achievable. Hence makes the systems optimize their works and make them scalable while having a mind of ensuring quality.
Question 3.
Systems Development Life Cycle (SDLC) provides well established and structured flow of processes through which an organization can produce quickly high-quality software that is ready for production use. The process has a five-phase model that helps in developing accounting information systems. The first is through developing a systematic strategy that analyses the organizational AIS needs and develops a strategy. The second one is planning on what is important to develop.
Thirdly, designing is done for the product that is been developed and coming up with plans on the functionality of the product. Then the product is developed, at this stage, the developer provides for project plans, designs, and other information that may be needed to improve on the software. Then the product is tested for quality assurance and if it meets the standards required by the systems then the product is deployed. If it does not meet the requirements it is returned to developers for developing. Finally, maintenance of the software is important and it is a crucial phase in the SDLC phase.

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