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8 Cards in this Set
- Front
- Back
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chargeback
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the allocation of IT cost to departmental users
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total cost of ownership
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a technique used to evaluate the cost of an IS, measured as the sum of all the costs of the system, for the life of the system.
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payback analysis
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a techniques used to evaluate the cost of an IT project; totals the costs and benefits of a project and measures the number of years it will take for the benefits to pay off the costs.
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time value
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the idea that money received today is not the same as money received at some time in the future because of the interest rate the sum could be earning if invested todAY
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net present value
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a techniques used to evaluate the cost of an IT project, which considers the time value of money. A NPV discounts the value of future costs and benefits using the interest rate at which the organization could borrow funds.
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discount rate
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the interest rate at which an organization can borrow money; normally, the organization's cost of capital.
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return on investment
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a technique used to evaluate the cost of an IT project; a percentage rate, calculated as the net gain (benefits minus cost of the investment) divided by the cost of the investment.
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uncertainty
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those things we don't know that we don't know.
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