Students in groups of 3-5 people should select an existing organization which uses computer-basedinformation systems to better manage its business in the digital world. The selected organizationshould implement a new suggested IS to provide high-quality goods and services as well as to gainor sustain competitive advantage over rivals.Each group must prepare a Management Report creating a business case for the new suggested ISby addressing the following issues:1. Explain the company, its industry and the products / services that it provides (2 points).2. Describe the suggested IS in details by referring to various components. Clearly indicate whichdivisions (departments) will be affected in the company by the new suggested IS (3 points).3. Describe the costs and benefits of the new system in detail. Quantify the tangible benefits andthe costs for the next 3-5 years. Identify the intangible benefits in detail (5 points).4. Discuss how the new suggested IS provides competitive advantage by conducting competitivebenchmarking (3 points).5. Identify all the business processes and all the users by category incorporated by the IS. Explainin detail how the new IS will improve the identified business processes. Be specific about theimprovements (6 points).6. Explain in detail the security requirements for the suggested IS in order to safeguard it (2points).General Guidelines: State your assumptions clearly. Application of frameworks and theory is important