By Tony Murphy
PRAISE FOR ACHIEVING company worth FROM TECHNOLOGY
"Clearly, IT investments have by no means ahead of performed any such serious half in enterprise progress. The e-book addresses the weak point current in so much administration structures related to the inability of a scientific strategy to gain the industrial merits of the IT funding and offers a transparent A-Z method for enterprise to bridge this hole. This e-book is obviously written for all degrees and backgrounds in company administration and is a must-do for these whose enterprise comprises IT, is thinking about IT, or want to considerably tailor IT investments for his or her monetary advantage."
—Professor Richard P. Wool, college of Delaware, President and CEO, Cara Plastics Inc.
"Tony Murphy addresses the tricky query of the worth of IT investments head on. He interprets a chic conception into potent perform. The case reviews within the ebook successfully make stronger his key messages."
—Dr. Dermot Moynihan, Senior vice chairman, all over the world Chemical improvement, GlaxoSmithKline
"This publication is the reply to such a lot CIOs' desire for a well-structured, pragmatic, and simply applied set of instruments and practices designed to respond to the common challenge of coping with and measuring it really is contribution to the company. Tony Murphy's specified combination of sensible adventure, most sensible perform, and perfect verbal exchange abilities offers the reader with a valuable-and hugely readable-guide on how most sensible to accomplish that elusive aim of reliably knowing the enterprise advantages of IT investments."
—Michael Rice, oup Director of IT, Kerry staff plc
"At Oxfam we're 365 days right into a three-year IT procedure in accordance with the rules Tony Murphy lays out during this e-book, and there's a actual, confident distinction in the way it is perceived, and in its genuine strategic place in the association. in case you have ever puzzled simply how one can achieve strategic alignment in your IT functionality, after which find out how to make the sensible hyperlink to IT funding for the association, Tony has supplied a framework that joins them both."
—Simon Jennings, Head of knowledge platforms, Oxfam GB
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Extra resources for Achieving Business Value from Technology: A Practical Guide for Today's Executive
Qxd 8/2/02 8:25 AM Page 43 Pillar 1: Strategic Alignment ➤ 43 services, communicate with suppliers and buyers, manage its investments, or communicate with its customers and employees without IT. For chief executives, IT is now the global language of business, rising to the top of the priority lists and, probably for this reason, coming under heavy examination. Business managers will no longer make business decisions without including elements of IT; and Information System (IS) organizations will no longer make technology decisions without the explicit partnership or sponsorship of the business.
This case we’ll know as The ZAPped Manufacturer. ■ WHAT DO THESE CASE STUDIES HAVE IN COMMON? What can we learn from these case studies? All of these investments failed and for very different reasons. Yet, what’s remarkable is that none of the usual suspects associated with such failures was involved. Clear cost/benefit and ROI analyzes were undertaken, and the definition of requirements was reasonably competent in each case, as was project management. The technology choices were adequate and management support (and funds) was never a problem.
This, in essence, states that the faster a given benefit is achieved, or the longer a given cost is deferred, the greater the value. This recognizes that, like any other resource, money also has a cost. Two techniques that accommodate the timevalue of money are Net Present Value (NPV) and the Internal Rate of Return (IRR). These, and other financially related concepts, are reviewed in more detail in Appendix A. ■ WHAT ELSE DO WE NEED? qxd 8/2/02 8:26 AM Page 37 What Else Do We Need? ➤ 37 evaluating IT investment, nonetheless represents only one role in the overall process of successfully investing and extracting benefits.
Achieving Business Value from Technology: A Practical Guide for Today's Executive by Tony Murphy