Case Summary Investing in TUFS The case refers to a company called Northern Insurance and their huge investment on TUFS (Technical Underwriting Financial System). That system was the largest investment ever made on IT by Northern Insurance and it was supposed to assist the company by “streamlining the underwriting process and providing strategic e-business capabilities”. Yet‚ after a couple months‚ TUFS became the cost-center of the company‚ spending almost $4 million‚ and therefore the CIO
Free Insurance Underwriting Investment
Investing in TUFS Jing Wang Major Issues: The TUFS system doesn’t work like what it should be. TUFS should work as a new underwriting procedure and an assessment report to help the company to increase the efficiency of the company. In addition‚ its e-business function can help company solve their online business problems easily. But the current issue is that the TUFS’s underwriting system is only use at the last moment as a double-check step in the old procedure‚ and the company is quitting the
Premium Investment Underwriting Insurance
Investing in TUFS 1. What went wrong with the TUFS investment and what can be done to prevent these problems in the future? TUFS is the Technical Underwriting Financial System and was the biggest distinct outlay in IT by the Northern Insurance Company. They faced the difficulties in first few months and the team found very hard to finish it. The concerns are related with the efficacy and the upcoming prospects for the top notch evolution in underwriting process. Then it converted in to the key
Premium Project management
Investing in TUFS 1. What went wrong with the TUFS investment and what can be done to prevent these problems in the future? The CEO‚ IT‚ marketing‚ executive and sales team intended about the new business approaches to preclude difficulties. Brian smith‚ CIO of Mod Meters also deliberates about the new inventiveness in his thoughts about the institute. They were concerned about to new tactical plunges. They had constricted condition for the time‚ human strength‚ and currency power. They have to
Premium Management Quality control Supply chain management
Running head: TUFS 1 TUFS Daniel Watrous Management Information Systems Northwest Nazarene University TUFS 2 TUFS TUFS Value Proposition The Technical Underwriting Financial System (TUFS) (McKeen & Smith‚ 2012)‚ like any Information Technology (IT) project requires a value assessment. This value assessment is intended to help business leaders weigh the possible benefits and risks associated with the project. In the case of TUFS‚ some of the anticipated benefits included financial savings through
Premium Investment Project management Project
Case Study 2-investiong in TUFS 1- “What can we do if they won’t use the system the way it was designed” that’s what Brian Smith said in a discussion about the TUFS with his company’s CFO. He was trying to justify the failure of the project by blaming its users; however he exactly pointed out his technician team failure of not addressing users needs and designing the system the way they wanted it to be designed. This problem could have been avoided if he had in his team a system analyst; a
Premium Project management Management Probability theory
the offending photo which showed the project team happily "clinking" pop cans and coffee cups in a toast: "Here’s to TUFS!" The Technical Underwriting Financial System (TUFS) was the largest single investment in IT ever made by Northern Insurance‚ and it was going to transform Northern by streamlining the underwriting processes and providing strategic e-business capabilities. The TUFS team had brought the project in on time and on budget‚ so the party was a thank-you for all of the team’s dedicated
Premium Underwriting Investment Insurance
Understanding the Personal Interview: A Study for Managers Involved in the Hiring Process Updated by: MICHELLE HULETT Understanding the Personal Interview Introduction ------------------------------------------------- Personal interviewing continues to be the most widely used method for selecting employees and is often used in conjunction with other techniques such as reference checking‚ weighted application blanks‚ skill tests‚ and psychological testing. There are obviously good reasons
Free Interview Semi-structured interview Documentary film techniques
EXECUTIVE SUMMARY: Information technology alters the way an organization does business. It can “contribute to a robust knowledge capture and business intelligence environment.” (Horst‚ 2010) IT is a strategic asset‚ when implemented and used appropriately helps recognize the broader opportunity without which the organization will be vulnerable to displacement. I suggest a dual approach to information resource strategic management to harness the power of the technology: on one hand‚ the firm should
Premium Strategic management
McRae Capital Management‚ Inc. Investment Counsel Number 48 April 2007 COMMENTARY Investing abroad by staying at home Putting your money into foreign stocks is like vacationing in other countries: The lure is intriguing‚ but where you go and how you go about it make all the difference. by Peter McRae ost people like foreign travel. And why not? It broadens your perspective. You see things you’ll never see in the U.S. You’re exposed to different people and different cultures
Premium Investment Stock exchange Stock market