COST BENEFIT ANALYSIS OF MANAGEMENT INFORMATION SYSTEM: A CASE STUDY OF SOME SELECTED SECONDARY SCHOOLS IN LAGOS STATE

Abstract

The study set out to explore the effects of cost and benefits of Management Information System (MIS) in the educational sector.  The questionnaire developed was administered to ten teachers who are computer oriented and to two hundred students of computer and was analyzed using percentages, coefficient correlation, spilt t – test for the separate variables and Z function correlation.  The result clearly indicated that the high investment incurred in sourcing, controlling, retrieving, disseminating and storing information had a great effect on organizational performance in terms of productivity level.  This correlated significantly with performance.  It also showed that there is a significant relationship between cost and benefits of MIS.  This study also pointed to the fact that adequate information management enhanced decision-making in educational institutions. The significance of information gadgets such as computers, internet, e-mail, telephones, fax machines of MIS reflected in the study. The study showed that the use of these gadgets is most relevant to management information system. The results of this study may find some applications in both social and educational organizations in which information is needed at all levels of management for decision making.