ACCG250 Lecture Notes - Lecture 10: Self-Justification, Prospect Theory

• School: Macquarie University
• Department: Accounting and Corporate Governance
• Course: ACCG250
• Professor: Mauricio Marrone

Document Summary

Involves the progressive building of models and allowing users to experience these models and provide feedback on their operation and suitability. Involves short team-based efforts whereby a small amount of functionality is built designed and tested. A scaled down working model of the system or modules, functions, interface of the systems. Helps clarify users requirements and ill defined problems. User centred -> may improve systems acceptance by users. The prototype can be developed further to ultimately become the final system or it could be used for feedback and then discarded. May not be practical for large user numbers. May no be in the line with strategic expectations. Usually without an assistance or support from it/is professionals or the it department. Fast as it bypasses the bureaucracy and prioritisation for the it deparment. Well tailored to users" requirements, especially in small systems. Well accepted as it heightens the sense of ownership.