An E-Business System Development and Modernization Model to Improve the Profitability of Investment Decisions

Abstract

An Internet-based Systems Development and Modernization Model (SDMM) is an information technology (IT) method that system designers and developers (SD&Ds) can use to develop new systems, to modernize legacy systems, and to increase the net present worth of the systems. The SDMM is, therefore, implemented for three primary purposes: to design and develop leading-edge technology systems, to modernize legacy systems, and to increase profitability of the systems. The model satisfies SD&Ds’ specifications as well as user requirements from the concept phase to the operational phase of the development process. It is a structured approach through which users and SD&Ds interact before the system is designed; thus, the users can affect system development when it is most cost-effective to do so. The model uses online modules to develop products that are fully capable of bridging the design to the system development lifecycle phases. The SDMM implements IT principles to standardize system development throughout its lifecycle phases.