$20 Bonus + 25% OFF +
5
%
Cashback
information
Securing Higher Grades Costing Your Pocket? Book Your Assignment at The Lowest Price Now!

A New Framework For IT Investment Decisions

tag 2 Download4 Pages 757 Words tag Add in library Click this icon and make it bookmark in your library to refer it later. GOT IT
Jean Watson Student Reviews Student Reviews Student Reviews Student Reviews Student Reviews 4.7/5 hire me

Question:

Describe about A New Framework for IT Investment Decisions?
 
 

Answer:

Making Better Business Case For IT Investment

Purpose of the paper:

Today most of the organization is demanding robust business cases to have a justified business investment in Information Technology. In this document the drawbacks of the current approaches in IT investments are shown and according to those drawbacks the required approaches are also mentioned. Hence it can give the ability to organizations to identify the benefit and to take the appropriate measurement of all the benefits and to gather the evidence of size of the expected benefits (Ward, 2008).

Important points:

With a deep concern about the IT investment, this document have drawn the evident fact on drawbacks related to presently used approaches to IT investment in a business scenario. Researches related to this filed at early stages are found as disappointing to reach the desired expectations. Benefits, which are overstated, can also weaken management’s commitment to the IT investment.

In the context of finding the business fund approval for an IT project, robust business case is important for under mentioned reasons:

Priorities need to be enabled to be set among different resource and fund investments.

A benefit realization plan is required to identify what the combination of business and IT will deliver benefits

Commitments from business managers are needed to achieve the investment benefit.

A basis of review should take place in order to realize whether benefits are coming or not.

A new SIX-STAGE approach is taken in order to develop business cases:

Investment objectives and Business Drivers need to be identified.

Benefits, owners and measures need to be identified.

Benefits structures need to be identified.

Benefits from the organizational changes need to be identified.

Explicit value for each of the benefit needs to be identified.

Risks and cost Identification is needed (Keen and Digrius, 2003).

Approach Used:

With development of this paper Author first developed the scenario on drawbacks related to present approaches used for IT investment in a business scenario. Researches related to this filed at early stages are found as disappointing to reach the desired expectations. Author have shown that the context of finding the business fund approval for an IT project, robust business case is important to enable priorities to be set among different resource and fund investments, A benefit realization plan is required, Commitments from business managers are needed to achieve the investment benefit, a basis of review should take place in order to realize whether benefits are coming or not. 

Questions need to bring forward:

What are the business objectives need to bring forward?

How the benefit realization plans need to draw?

 

IT Risk As A Language For Alignment:

Purpose of the paper:

In this paper Author stated the fact that the language of risk is powerful tool to improve the alignment of IT/business. Incorporation of risk into IT management helps IT executive and business person to take better decision. Based on field research, more than 5 years of surveys, case studies and interviews this article shows risk as a focusing mechanism to take better decision (Barnes, 2010). 

Important points:

Managing IT requires balance of two different and conflicting perspective, such as- Strategic change perspective and Operational-resilience perspective. In this paper, author has shown Risk a Unifying language. In this context author highlighted the point that the risk awareness approach makes a big difference by asking questions about the business risk form the IT executives to understand the IT rules and obtain the IT management techniques. There are Four A’s framework to manage IT risk- Agility, Availability Accuracy, Access (Keen and Digrius, 2003).

Approach Used:

In this paper author discussed the point that the risk awareness approach makes a big difference by asking questions about the business risk form the IT executives to understand the IT rules and obtain the IT management techniques (Westerman, 2009).

Questions need to bring forward:

How the Risk frameworks need to be managed, in order to change the resilience Tradeoffs?

What are the IT management risks that generally come under consideration?

 

References:

Barnes, A. (2010). A new framework for IT investment decisions. Petersfield, Hampshire: Harriman House Ltd.

Keen, J. and Digrius, B. (2003). Making technology investments profitable. New York: Wiley & Sons.

Ward, J. (2008). Building Better Business Cases for IT Investments1. [online] Oro.open.ac.uk. Available at: https://oro.open.ac.uk/11215/ [Accessed 21 Mar. 2015].

Westerman, G. (2009). IT Risk as a Language for Alignment. [online] Misqe.org. Available at: https://misqe.org/ojs2/index.php/misqe/article/view/263 [Accessed 21 Mar. 2015].

OR

MyAssignmenthelp.com has been satisfying students' needs over a decade now. With years of experience in providing assignment help, we are capable of understanding students' requirements better and fulfill them perfectly. To meet the students' needs, we have appointed 3000+ experts, who cover more than 100 subjects while assignment help. Some of our popular services include corporate finance assignment help, MATLAB assignment help, database assignment help, operating system assignment help and web development assignment help.

Most Downloaded Sample Of Management

Toulin Method Of Argumentation

Download : 289 | Page : 1

You are required to write a researched argument essay that convinces persuades the reader of your position / stance. This is an academic, researched and referenced document that demonstrates your understanding of the objectives of the course. The structure of the argument will follow the TOULMIN METHOD of argumentation.

Read More arrow Tags: Australia Arlington Management University of New South Wales 

Consumer Behavior Assignment

Download : 211 | Pages : 9

Executive Summary The purpose of this report is to elaborate the factors which are considered by individuals before selecting an occupation. Choosing an occupation is indeed a major decision of everyone’s life and it does give a shape to where he would be heading in the course if time. The report begins with a list of various occupations which have been going since the human civilization started though it has indeed changed its form to...

Read More arrow Tags: Australia Arlington Management University of New South Wales 

Internet Marketing Plan For River Island

Download : 371 | Pages : 13

Introduction With the increase enhancement in the field of technology, it has been considered essential by the businesses to implement such technology in their business processes. Further, the increasing demand from the customers regarding the better quality of products and services delivered to their doorstep has also necessitated for the businesses to implement the e-business strategy in their business processes. E-business which is common...

Read More arrow Tags: Australia Arlington Management University of New South Wales 

Strategic Role Of HR In Mergers & Acquisitions

Download : 330 | Pages : 9

Executive Summary In a merger & acquisition, role of an HR has emerged as a very critical function. At each stage of merger and acquisition process, HR plays a strategic role. The importance of role of HR part in integration of the merged companies should not be taken lightly and should be handled very carefully and with due planning. At pre acquisition stage, due diligence should be taken before the start of the process and HR must carve ou...

Read More arrow Tags: Australia Arlington Management University of New South Wales 

Relationship Between Knowledge Management, Organization Learning And HRM

Download : 362 | Pages : 7

Introduction In this competitive business environment where every business organization is trying to attract the customers of each other, it becomes essential for these organizations to remain competitive by innovating new ideas and thoughts, so that value added products and services can be provided to the customers. The motive of such organization in providing value added services to their customers, require their employees to be quite effect...

Read More arrow Tags: Australia Arlington Management University of New South Wales 
Next
Free plagiarism check online Free plagiarism check online on mobile
Have any Query?