33 Discuss the role of accountants in the conceptual system design. 34 Explain payback method. 35 List types of commercial software packages. Turnkey systems, backbone systems, and vendor-supported systems. 36 Define object-oriented design.
Objectivity is essential to the fair assessment of each project design.
To ensure objectivity, an independent systems professional should perform the study. 38 List two techniques used to perform a cost-benefit analysis. 39 Explain why the payback method is considered so important when making systems decisions. The payback method determines the point in time when the total costs of the project equal the total benefits. Decision makers often prefer projects with shorter payback periods because information systems have short product life cycles and the technology rapidly becomes obsolete.