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The Five Idea Of Critical Success Factors In ATP Life Assurance

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The idea of critical success factors was initially presented in the 1960s by McKinsey and Co's. D. Ronald Daniel, then further developed and promoted 10 years after, by John F. Rockart, organizational theorist and senior instructor at MIT's Sloan School of Management.
Critical success factor (CSF) is an administration term for a component that is fundamental for a project or an organization to accomplish its central goal. It is a basic a critical factor or action required for guaranteeing the Success of an organization or an association. The term was at first utilized in the field of Data analysis and business analysis.
Examples of Critical Success Factors can be-
• Effective management of human resources.
• High Quality IS Service.
• Top …show more content…

However, business can become more successful with additional CSF’s such as:
1) Leadership, Vision and Purpose – All positive platforms arise with strong leadership, vision and a distinct purpose or goal. For example : Walmart’s logistic information system which was applied back in 1993, is now over 20 years old and has established the basis to manage a progressively multifaceted distribution prototypical model, providing a foundation to include associates in category management and run sustainable efficiencies in the retail market.
2) Customer Project Support- Data analysis along with data quality and control is essential for any customer after their IT system has been implemented. Consisted training should be given to the IT support of their firm and this will allow them to be well aware of the infrastructure of the current IT system which is up to date and aware of the end user’s activities. This reduces the possibility of a failure caused be inaccurate data that could be generated due to a lack of quality …show more content…

For example a firm needs to follow its privacy policy or else it will not be trusted by its customer which could lead to a bad reputation and hinder with company’s success. Rules provide guidelines for employees on what to do and what not to do
6) Scalable –The ability to measure or scale an IT network’s size. For example Google has scaled its servers from the beginning and this has helped it keep track of the traffic going through and whether there will be a need to expand. Initially, the Googleplex consisted of hundreds of servers. As of today the Googleplex is projected to consist more than a million servers. Google’s business platform and technology platform was designed from the outset to scale.

Relationship between Task 1 and Task 3
Task 1 and task 3 have more than a few points which are mutual in which both are reliant on each other. The most common links between the tasks lies in the similar characteristics of the critical success factors with the connection to information systems failure. Only if critical success factors are observed thoroughly inside an organization, they would be able to prevent Information Systems

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