Sample Essay on:
Developing IT Policy

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Essay / Research Paper Abstract

A 5 page paper containing a series of expanded bullet points addressing three considerations in developing an IT policy document for a financial services organization. Headings include: Issues of the Information Environment and Knowledge Management; Points to Address in an IT Policy Document; and Problems to Overcome. This final section discusses determining an acceptable level of risk; setting limits as to the breadth of system redundancy; and determining whether IT projects should be maintained in a portfolio management approach. Bibliography lists 9 sources.

Page Count:

5 pages (~225 words per page)

File: CC6_KSitPolDev.rtf

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Unformatted sample text from the term paper:

margins. You should have an average of 225 words per page with that formatting, and of course listing information in bullet points requires more space than does providing it in prose form. At this point I dont know how many pages will result from providing you with 5 pages x 225 words = 1125 words, but the body of your paper will carry a word count of no less than that. JM-C Introduction There is no question that the electronic environment has changed banking inexorably and forever. As a repository of historic information its data must be secure and unalterable except through direct action. Security is paramount, and the continued emergence of data warehousing and data mining carries implication for the future that presently is being regarded as new technology. As neural networks progress in their ability to inform loan application decisions, they may well be used in the future to inform currency trading decisions as well. Even single-location local banks are affected by global activity, and any effective IT policy statement also needs to address that issue. Issues of the Information Environment and Knowledge Management * System reliability. In 2003, Visa "processed 14 billion transactions, worth more than $1 trillion, in the 12 months ended March 30, the first time it has passed the $1 trillion mark in a 12-month period" (Who Needs Cash?, 2003). Clearly, the system needs to be available and operational at all times. * System integrity. By the end of 2003 in the United States, "debit- and credit-card payments surpassed cash and checks as payment methods for in-store purchases" (Who Needs Cash?, 2003) for the first time. Additionally, "60% of consumers now make automated bill payments" (Who ...

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