Final answer:
A system-oriented evaluation is used to assess hardware and software performance, aiming for clarity in the process to ensure usefulness and usability for management. A well-planned evaluation framework accommodates necessary changes effectively.
Step-by-step explanation:
To validate current hardware and software performance in the yearly budgeting cycle, the information systems team should utilize a system-oriented evaluation. This approach assesses the operational aspects of the systems, including their efficiency, reliability, and capacity to meet organizational needs. The evaluation should be straightforward, enabling project managers to comprehend both the actions taken and the reasons behind them, which ensures the process's usefulness and usability. It's crucial to have a fully planned framework for the evaluation to easily accommodate changes and improve implementation.