By Tony Murphy
PRAISE FOR ACHIEVING company price FROM TECHNOLOGY
"Clearly, IT investments have by no means earlier than performed this sort of severe half in enterprise progress. The ebook addresses the weak spot current in so much administration platforms concerning the inability of a scientific strategy to gain the industrial advantages of the IT funding and gives a transparent A-Z method for enterprise to bridge this hole. This ebook is obviously written for all degrees and backgrounds in company administration and is a must-do for these whose enterprise consists of IT, is thinking about IT, or wish to considerably tailor IT investments for his or her fiscal advantage."
—Professor Richard P. Wool, collage of Delaware, President and CEO, Cara Plastics Inc.
"Tony Murphy addresses the tough query of the worth of IT investments head on. He interprets a sublime thought into potent perform. The case experiences within the ebook successfully make stronger his key messages."
—Dr. Dermot Moynihan, Senior vp, all over the world Chemical improvement, GlaxoSmithKline
"This publication is the reply to such a lot CIOs' want for a well-structured, pragmatic, and simply carried out set of instruments and practices designed to reply to the common challenge of dealing with and measuring it truly is contribution to the enterprise. Tony Murphy's exact mix of functional event, most sensible perform, and perfect communique abilities offers the reader with a valuable-and hugely readable-guide on how most sensible to accomplish that elusive goal of reliably understanding the company merits of IT investments."
—Michael Rice, oup Director of IT, Kerry crew plc
"At Oxfam we're three hundred and sixty five days right into a three-year IT procedure according to the rules Tony Murphy lays out during this ebook, and there's a genuine, optimistic distinction in the way it is perceived, and in its genuine strategic place in the association. when you've got ever questioned simply how one can achieve strategic alignment on your IT functionality, after which how one can 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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Additional info for Achieving Business Value from Technology: A Practical Guide for Today's Executive
We’ll call this case Who Feels the Pain Must See the Gain. ➤ Sporting Goods Manufacturer This enterprise had a global manufacturing operation and implemented an Enterprise Resource Planning (ERP) system from a well-established vendor to address a range of requirements. These included: ➤ Gaining a consolidated financial view of worldwide operations, which were fragmented and nonintegrated due, in part, to a number of mergers and takeovers by the enterprise. ➤ Achieving major cost-savings and efficiencies through supplier management, using the ERP’s purchasing, payments, and analytical modules.
This somewhat brief review of conventional accountingbased appraisal methods shows them to be inflexible, geared toward assessing efficiency rather than effectiveness, incapable of incorporating intangible or amorphous benefits, and weak on integration. They will generally favor the safe, short-term investments over the longer term strategic and infrastructure investments. Yet, these latter investments may be essential for business success. They also neglect a formal assessment of risk, which, as will be seen later, can be a major consideration.
An important consideration is that senior management, through being appraised of the scale of the investment, may be more inclined to apply appropriate investment management resources to it. Gartner experience suggests that the amount of time spent by senior management on IT issues bears no relation to the ratio of capital tied up in IT. Including applications software and databases should have the effect of making management focus more attention on IT issues. S. Financial Accounting Standards Board, traditional accounting techniques are unsuitable for determining the value of information.
Achieving Business Value from Technology: A Practical Guide for Today's Executive by Tony Murphy