Within the acquisition and implementation domain are processes to identify, develop or acquire, implement IT solutions, and integrate them into the business processes. Once installed, procedures must also be in place to maintain and manage changes to existing systems. For example, if we do not correctly determine the requirements for a new information system and see that those requirements are satisfied by the new system, the new system could cause us to update the wrong data or perform calculations incorrectly. Or, we may not complete the development on time and within budget. Finally, should we fail to develop proper controls for the new system, we could experience inventory shortages, inaccurate record keeping, or financial loss.
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