Making Technology Investments Profitable

Jack M Keen & Bonnie Digrius

Physical

In Circulation

Over 50 percent of all Information Technology projects fail, not only costing companies considerable monetary investment but also thwarting key strategic initiatives for which the new technology was critical. This book helps executives and managers increase IT project success by using a process for identifying the true ROI value for proposed IT investments-"Real ROI"-then tracking project results against that standard. This guide provides an abundance of pragmatic tips, tools, and techniques to make the process easy to understand, focusing on implementing an ROI plan as well as on tracking IT investments and measuring results postimplementation.

What will you learn from this book

  1. Aligning Technology with Business Goals: The book might stress the importance of aligning technological investments with the overarching goals and strategies of a company.

  2. ROI and Cost-Benefit Analysis: Expect discussions on how to evaluate technology investments by analyzing return on investment (ROI) and conducting comprehensive cost-benefit analyses.

  3. Risk Management: Strategies for managing and mitigating risks associated with technology investments could be covered, including factors like cybersecurity, market volatility, or technological obsolescence.

  4. Strategic Planning: Likely emphasizes the need for a well-defined strategic plan outlining how technology will be used to drive business growth and efficiency.

  5. Adaptability and Flexibility: Given the rapidly evolving nature of technology, the book might advocate for approaches that allow businesses to adapt to changing trends and emerging technologies.

  6. Effective Implementation: Discussions on how to effectively implement technology investments within an organization, ensuring smooth integration and user adoption.

  7. Measuring Success: Ways to measure the success of technology investments, beyond financial metrics, such as improved productivity, enhanced customer experience, or competitive advantage.

  8. Innovation and Future-Proofing: Strategies for fostering innovation and future-proofing investments by considering long-term technological trends.

  9. Vendor Relationships and Partnerships: Exploring the significance of establishing strong relationships with technology vendors or partners to ensure successful implementation and ongoing support.

  10. Continuous Evaluation and Improvement: The importance of continuously evaluating and refining technology investments to ensure they remain aligned with evolving business needs.

Language English
ISBN-10 0-471-22733-1
No of pages 300
Font Size Medium
Book Publisher John Wiley & Sons,Inc
Published Date 18 May 2009

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