WESTERN COLLEGES INC. LATORIA CAMPUS College of Business Administration Studies Graduate School Name: Faie R. Antiniolos Professor: Arnold B. Galve Subject Code: OM ELEC-3 Date Submitted: Dec. 20, 2022 Journal Review: The paradigm of the integration of different types of management information systems in investment and construction company implementing the project approach. Title of the Article: The paradigm of the integration of different types of management information systems in investment and construction company implementing the project approach. Author: S.Yu. Eroshkina,c, N.D. Koryaginb, Kovkovc,D.V. Panovc, A.I. Sukhorukova,b * Title of the Journal: XIIth International Symposium «Intelligent Systems», INTELS’16, 5-7 October 2016, Moscow,Russia Year of Publication: 2017 D.V. Summary: The project-related data is collected, stored, and analyzed using a variety of software and digital tools, according to the paper "The paradigm of the integration of different types of management information systems in investment and construction company applying the project approach" by S.Yu. Eroshkina,c, N.D. Koryagin, D.V. Kovkov,D.V. Panov, and A.I. Sukhorukova,b. This enables greater team coordination and communication, better monitoring of project progress and budget, and improved decision-making ability. The combination of these platforms enables real-time updates and simplified information access, empowering the business to take immediate action in the face of any possibilities or difficulties. The use of project management software additionally enables the development of precise project plans and timetables as well as the ability to track and modify them as necessary. Overall, the project management process is made more efficient and effective by the integration of various tools. The following are the highlights of the article: • The project's concepts were introduced one at a time, with descriptions of each function and its significance to the operation of supporting automated control systems. The issues and solutions are then described, some with figures and pictures to highlight the effects and potential drawbacks, and the conversations on the page also provide methods for monitoring and implementing these issues. • Each project concept has a cause and effect, and management information systems make it possible to align and optimize the lifecycle management swiftly and efficiently. The people investing in a project should be able to identify potential solutions and risks in order to design the appropriate management information systems procedure. WESTERN COLLEGES INC. LATORIA CAMPUS • According to Pearl Zhu, "The value of information management is never for its own sake, but to provide insight and make a leap of innovation." In other words, comprehending the paradigm of the integration of various management information system functions in investment and construction companies gives us a more in-depth understanding of the threats that the world's networks may face. In particular, investment and construction companies will be able to recognize themselves as independent components and give sufficient, unique control functions by understanding the conflict but overall project management. Critique: In investment and construction firms that use the project approach, the integration of several management information systems can be a useful tool for enhancing efficiency and production. There may be disadvantages to this strategy, though. This paradigm may be criticized for the fact that integrating several management information systems can be challenging and time-consuming, especially if they weren't created to function together. Employees may become less effective as a result because they are diverted from their primary tasks to spend time figuring out how to use and navigate different systems. Another argument against system integration is that it might introduce new complications and vulnerability spots. There may be operational delays and potential repercussions on project timelines and budgets if one system encounters an outage or error that cascades to the other connected systems. Additionally, integrating several management information systems may require a substantial financial outlay. Businesses must spend money on the systems themselves, as well as the tools and knowledge required to WESTERN COLLEGES INC. LATORIA CAMPUS apply them and keep them. For smaller businesses or those with tighter budgets, this might be a hurdle. Despite the fact that combining several types of management information systems can have many advantages, it is crucial for businesses to thoroughly assess any potential negatives and balance the costs and advantages before going through with this plan. Readers may find information on these to be crucial in understanding how to combat current technology, reduce or even get rid of dangerous projects and high-risk safety controls. Conclusion: The successful implementation of the project approach by an investment and construction company depends on the integration of several management information systems. It lets the organization to efficiently manage and organize the project's numerous elements, including its finances, purchases, people, and operations. The seamless exchange of information across departments and stakeholders is made possible by the integration of various systems, allowing the business to take well-informed decisions and guarantee the project's timely completion. Additionally, by integrating these technologies, the business can boost its general productivity and efficiency, which will increase its competitiveness and profitability. Overall, any project-based business must implement a complete and integrated management information system to succeed. References: [1] Harper-Smith P. Project management. Moscow; 2011. [2] Koryagin ND, Sukhorukov AI, Medvedev AV. Application of modern methodological approaches to operating information systems management. Moscow: RIO MGTU GA; 2015. 148 p. [3] Sukhorukov AI. Ecological aspects of the implementation of radiation-hazardous construction and investment projects. Collection of scientific works of the VI International scientific-practical conference "Modern problems of project management in investment and construction and environmental management". Moscow. 2016. [4] Sukhorukov AI, Khismatov IF, Novikov IE. Theory of aerospace radiation monitoring of the Earth. M.: WUNC air force Military air Academy. them. N. E. Zhukovsky and Y. A. Gagarin, 2011. [5] Sukhorukov AI, Eroshkin SJ. Information and management: historical development definitions. [Informacija i upravlenie: istoricheskoe razvitie definicij]. Competence Kompetentnost', 2016, no. 6, pp. 43-47. (in Russian)