Description
Short answer
16. (15pts) Consider five ways a company can prioritize (IT) projects.
A. Name them
B. Provide a brief description for each of the methods
1. How does an IT project directly produce more earning for a business’ bottom line?
The company’s revenue or gross sale
2. By measuring several business touch points with a balanced scorecard, a more holistic view of an IT project’s value can help in prioritization. Some sample metrics include: Shareholder value, expense management, risk management, and contribution to firmwide priorities.
3. Creating a formalized list of criteria by which to measure an IT project, with a prioritized list of end goals from an IT project, and measured by an experienced staff familiar with the standardized metrics.
C. Name a benefit and a shortcoming of each of the methods and when you would recommend using each.
17. (10pts) Name two significant barriers to IT conversion that exist and provide real world examples in which each of the barriers were overcome for a project’s success or in which they were not overcome and the projects were impaired or failed as a result.
- (10pts) A real world example (with URL) of each of the five types of IT initiatives.
- (10pts) Find a company that you believe or can prove is not delivering IT value successfully. Evaluate which principle(s) you believe they are not following (with references for why you believe that to be the case) and propose how you improve the situation (with actionable specifics).
- (10pts) Find a current or former company that has been disrupted (ie significant loss of revenue, market share, bankruptcy). Reference the year that this occurred and the cause. Using critical success factors, what changes would you have made 2 years prior as the CTO of that company?
- (15pts) Identify a company that uses shared services.
- A. List one or more of their shared services
- B. Determine the actual cost of outsourcing one of the shared services.
- C.(Make assumptions where necessary, use references, actual numbers)
- D. Make a recommendation of another shared service not currently utilized today and list pros and cons for evaluating whether to make it a shared service.
(be specific to this service proposal)
- Indicate which stage of IT maturity both the evaluated and proposed service are.
22. (10pts) You are the CIO of a retail company, make the case for your preferred delivery option for Application Development. Include evaluation of each of the applicable criteria in your justification.
23. (2pts) What is the hardest part of generating an IT budget.
Explanation & Answer
Attached.
Running Head: IT Strategy Issues And Practices
IT Strategy Issues and Practices
Institutional Affiliation
Date
1
IT Strategy Issues And Practices
2
Ways of prioritizing IT projects
i.
Identification of project drivers – these are the factors that motivate the business IT
projects for the purpose of enhancing and creating potential success. These factors help in
reducing the level of risk occurrence, offering opportunities that were not in existence
before, eliminating potential problems, and streamlining the IT process.
ii.
Determination of factors that may impact the IT project success – IT projects require
resources such as time and financial budget. These factors determine the success of the
project if they are well managed and utilized.
iii.
Creation of a prioritization and evaluation matrix – once the applicable resources and
information are gathered, it is important to create a prioritization and evaluation matrix
through the identification of rates for each project phase in terms of criteria.
iv.
Getting involved in strategic level planning – planning is an important phase in any
project implementation. This involves sitting down with the IT project manager and the
overall project team to gain the direction, vision, and the timing of the project.
v.
Quantify the strategic value – this strategy helps the management in determining the
impact of the IT project on the overall outcome. This will help in developing a better
understanding of the strategic value and the desired goals of the IT project.
How IT projects help in generation of revenue
IT projects are used to li...
