VIEWS: 58 PAGES: 6 CATEGORY: Technology Management POSTED ON: 2/20/2010
A Practical Guide for Making Strategic IT Investments & Creating a Value Roadmap More than ever organizations are compelled to demonstrate how IT cost effectively supports company objectives and priorities. Info-Tech’s Maximizing Your IT Investments program is a practical, step-by-step guide for making strategic IT investments & creating a Value Roadmap for your organization. The purpose of the IT Investment & Value Roadmap is to take all of the improvement opportunities, Applications, Technology and Organization, and: • Evaluate their relative importance based on business value and cost. • Determine interdependencies (e.g., need to develop a new skill-set before adopting a piece of technology). • Combine opportunities into projects. • Set milestones for completing projects over the planning horizon. • Estimate the impact of the investments required on the IT budget.
Maximizing Your IT Investments: A Step-by-Step Program -– How To Use This Bundle A Practical Guide for Making Strategic IT Investments & Creating a Value Roadmap When you have completed the Maximizing Your IT Investments program you will have: 1. An agreed list of key projects or initiatives. 2. Agreed priority, sequence and timing for strategic initiatives. 3. Recognition of the implications of the IT strategy on the IT budget. Your IT Investment & Value Roadmap should be revisited periodically – at least quarterly or when corporate management re-evaluates company priorities. Step 1: Define Strategic IT Initiatives You now have a set of opportunities to improve the application portfolio, enhance technical infrastructure and strengthen the IT organization. You now need to turn those opportunities into action and describe what needs to be done. Info-Tech Tip: Do not over-engineer or over-think this step. Many organizations maintain a master list of projects, in priority, from year to year making minor adjustments based on changes in company objectives. Step 1.1 - Evaluate and Select Initiative Options Many opportunities identified will have straightforward solutions that can be outlined and prioritized. However, in some cases, an opportunity may have multiple solutions that should be evaluated before deciding how to proceed. There may be different combinations of systems and processes that might solve the business need. There may be an application with a wireless tablet device that keeps service technicians connected to an automated dispatch system in real time. Alternatively, there may be an application that downloads service orders several times per day. A third option may be a solution where the technician synchronizes a laptop application at the beginning of the work day and then receives schedule updates via mobile phone. Each of the above options should be evaluated based on how well each option meets company objectives compared to the investment required. Use Info-Tech’s advanced tools, "Analysis of Available Options" and "Op
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