IS Strategic Plan

User Generated

cvaxl0101

Business Finance

Wilmington University

Description

Using the IS alignment work and the financial analysis from week 6, submit a complete IS strategic plan. Your paper should include at least 5 references from peer-reviewed journals associated with how other companies are using the technologies you are recommending. The strategy should include the technologies you plan to implement, your plan for sourcing the IS work, and the governance model you plan to use to sustain the IS operation over the long term. You should include specific projects with a timeline for implementation in your strategy. Make sure you also include the financial analysis.Your IT strategy should also specify some key performance indicators (KPIs) to measure the effectiveness of IT. The website below can help you identify the KPIsfor your strategy.

Your total paper should be 5-7 pages of text in APA format, not counting the title and reference pages, and not counting any tables or figures. Make sure you include in-text citations. Please use the template attached above. In developing your IT strategy, please refer to the resources from previous weeks. A list of all the videos and other resources can be found under the Strategy Resources link on the main menu in this Blackboard course. You can reference these resources in your paper, but you must also reference at least 5 peer-reviewed articles. Make sure on your references page you include a reference with the URL (weblink) to the case study you chose, in addition to at least 5 references from peer-reviewed journals.

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Running head: IT STRATEGY 1 IT Strategy for [Company Name] [Student Name] [Course and Instructor] IT STRATEGY 2 IT Strategy for [Company Name] [To introduce your IT strategy, provide an executive summary that clearly describes what you are recommending and why it will benefit the business. Include a brief summary of the financial benefits. This introduction should be a paragraph or more, but less than a page.] Description of the Business [In one or more paragraphs provide a description of the business and the issues / opportunities associated with the business. This section should include what is known about the products, customers, competitors, and financial situation for the case study. The description of the business should be less than a page.] IT Strategy Proposal [In one or more paragraphs, introduce the IT initiatives you are proposing. You must have at least three initiatives, but you can have more than that.] [Heading for Initiative One] [Describe initiative one in detail. Make sure you include how the initiative will benefit the business. Any technical terms need to be explained so that a business person can understand what you are proposing. Each initiative should be less than one page.] [Heading for Initiative Two] [Describe initiative two in detail.] [Heading for Initiative Three] [Describe initiative three in detail.] Sourcing Strategy [In one or more paragraphs, describe your sourcing strategy. Will the implementation of the initiatives be done with in-house or outside resources, or a combination of the two? Will IT STRATEGY 3 ongoing support be done with in-house or outside resources, or a combination? In other words, who (what organization) will do the work? You will need to explain why are proposing a certain strategy. For instance, outside expertise may be needed to supplement the internal personnel regarding the use of certain technologies. Make sure the financials reflect the costs in your sourcing strategy.] Financial Case [Describe the cost / benefit analysis in one or more paragraphs. Be very clear about how much the IT initiatives will cost and what the expected benefits will be. Cite resources that you used to develop your cost / benefit analysis. For instance, you may have found an article on another company that was able to achieve a 20% increase in sales with an initiative similar to what you are recommending. The more concrete examples you can cite, the more believable the financial case will be. After summarizing the financial reasons for your proposal, refer the reader to Table 1. Update Table 1 on the next page with the data from your return on investment spreadsheet.] . Running head: IT STRATEGY 4 Table 1 Return on Investment [Company Name] Initial Investment Hardware costs Purchased software costs / licenses Development costs Training costs Conversion costs [Other initial investments] [Other initial investments] Total Initial Investments Year 1 2 3 $0 $0 $0 $0 $0 $0 $0 $0 Benefits from Technology Strategy Increased sales and revenue Reduced personnel costs Reduced product costs Reduced distribution costs Reduced advertising and marketing costs [Other benefits] [Other benefits] [Other benefits] Total Benefits $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Costs (Excluding Initial Capital Investments) Depreciation on capital expenditures Software licensing fees Ongoing user support and training $0 $0 $0 $0 $0 $0 $0 $0 $0 IT STRATEGY 5 Ongoing systems support Hosting / Cloud computing General and administrative [Other costs] [Other costs] [Other costs] Total Costs Totals Net Benefits (Costs) Tax Value after tax Depreciation added back Cash flow Cumulative cash flow Evaluation Metrics Net present value (NPV) Internal rate of return (IRR) Payback period (in years) Three-year total ROI ($0) ($0) $0 0.0% 0.0 0.00% $0 $0 $0 $0 $0 $0 $333 $0 $0 $0 $0 $0 $0 $333 $0 $0 $0 $0 $0 $0 $333 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Running head: IT STRATEGY 6 Implementation Timeline [Describe the timeline and sequencing of the IT initiatives in one or more paragraphs. Make sure the timeline is consistent with the financials. For instance, if initiative three does not go live until year two, you cannot show any benefits for that initiative in year one. Be very clear about when the initiatives will be implemented. Will all initiatives be implemented at the same time or will the initiatives be implemented one at a time? Explain why you are proposing a specific sequence. In addition to describing the timeline, you can include an APA figure for the timeline, if that is additive.] Plan for Sustaining the IT Initiatives [In one or more paragraphs describe your plan for ongoing operations and support of the IT investments you are proposing. If you plan to use a particular governance model and / or a portfolio management approach, describe it here. Include the KPIs (key performance indicators) that you will use to measure the value of the IT work.] Summary [Provide a one- or two-paragraph summary of your IT strategy and how it will add value to the business.] IT STRATEGY 7 References Last Name, F. M. (Year). Article Title 1. Journal Title 1, Pages From - To. Last Name, F. M. (Year). Article Title 2. Journal Title 2, Pages From - To. Last Name, F. M. (Year). Article Title 3. Journal Title 3, Pages From - To. Last Name, F. M. (Year). Article Title 4. Journal Title 4, Pages From - To. Last Name, F. M. (Year). Article Title 5. Journal Title 5, Pages From - To. Last Name, F. M. (Year). Book Title. City Name: Publisher Name.
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Excellent resource! Really helped me get the gist of things.

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