Within any type of organization, it is essential that every member and
every phase of the organization follow a set of common business rules or
what we know as business standards. Business standards make an
organization function systematically. Many businesses apply different sets
of standards that correspond to the different phases of business operation.
Having standards is considered by almost every organization and company as
an essential technique to achieve success.
Business standards is a critical element in accomplishing tasks. It helps
prevent incompatibilities between related business processes. Further, it
helps in the provision of an easy to maintain project. With the help of
standards, any problem that may occur can be easily identified due to
common sets of standard that many businesses apply. For instance, it is a
common standard for some businesses to follow a common set of procedures
when developing a project. Such includes the implementation of the
different phases in the complete lifecycle of a project.
There are quite a number of IT standards that make a project development
successful. The purposes of such standards are to establish the IT
operation into a functioning organized body and to make IT as a critical
aspect of a company's development in terms of technology. Moreover, IT
standards provide a basis should a need for improvement in IT arises. Some
of the IT standards employed by most companies are,
• The use of specifications for new project developments
• Standardization of data formats
• Standardization of business processes in relation to IT
• The utilization of standardized tools such as XML.
IT, Financial, and Business Strategy Advantages of e-Business Architecture
Most industries nowadays are migrating to e-business architectures. Many
consider this as an important strateg
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