011-017 . Management Information System, commonly referred to as MIS is a phrase consisting of three words: management, information and systems. That is the simple definition of MIS that generally sums up what a Management Information System is, and what … 2.1 Formative and Summative Evaluation There are two different types of evaluation: • Formative Evaluation - This evaluation takes place during the project to guide future development. Payback Period 2. Qualitative and quantitative methods can usefully be combined in ‘mixed methods’ research to provide more comprehensive information for an evaluation (Andrew and Halcomb, 2009). ADVERTISEMENTS: There are several methods which are used to evaluate capital budgeting decisions. Methods of Evaluating Teaching Evaluation of teaching can have many purposes, including collecting feedback for teaching improvement, developing a portfolio for job applications, or gathering data as part of personnel decisions, such as reappointment or promotion and tenure. The techniques are: 1. 2, pp. Modified Internal Rate of Return 8. Equivalent Annualized Cost/Benefit Method. Discounted Payback Period 6. Looking at these three words, it’s easy to define Management Information Systems as systems that provide information to management. Net Present Value Method 4. Evaluation research comprises of planning, conducting and analyzing the results which include the use of data collection techniques and applying statistical methods. Seeking out varied information; using information to generate new ideas and make effective plans for improvement or change; making evidence-based decisions that respect different perspectives and meet the needs of all service users. The managers can bypass time-consuming manual methods and obtain up-to-date and clearly organized portfolio information in either graphic or tabular form. Profitability Index 5. Management Information Systems, Vol. Average Rate of Return 3. Summary. System functionality pe. The necessitate of Information System functionality performances evaluation has emerged from the importance of Information Technology in effectiveness and efficiency Internal Rate of Return 7. Inthis approach a target date must be fixedwhen the operations of old system ceaseand new one will operate on its own. 1. This method is expensivebecause of duplicating facilities andpersonal to maintain both the systems. Monitoring and Evaluation (M&E) is used to assess the performance of projects, institutions and programmes set up by governments, international organisations and NGOs.Its goal is to improve current and future management of outputs, outcomes and impact. 4 (2009), No. Accepted 24 April 2009 . Management information and evaluation system 1. UDC 005.21 ; 007:004 . Received 12 Jun 2008 . (2) Evaluation and Research Methods. Payback […] • Summative Evaluation – This evaluation takes place after completion of a project to appraise its success. This topic area will be of interest to program management offices, governance committees, CIOs and anyone who is trying to develop a portfolio-based approach to IT investments that shows a clear ROI.