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RoIT - How to Justify Information Technology (IT) and Other Programs via ROI
The word is out. Management and financial officers no longer accept vagaries, such as: "It's a must for corporate survival to stay competitive", " We owe it to ourselves to go ahead with this new initiative, our competitors are", "It will help leverage our present IT or technology infrastructure", "We'll be at the frontier of knowledge and ahead of the game"......
The fact that you must now compete for scarce corporate investment dollars with other projects, and the fact that purely intangible considerations are no longer enough to justify investments forces CIOs, IT executives, technologists and operations personnel to a) prepare pragmatic proposals; and b) justify them in quantitative ROI terms in order to stand a chance of gaining approval for your vital investment initiatives.
Return on Investment is a term often mentioned but rarely defined or understood. As a result, IT and business managers find themselves struggling to develop some measure of technology’s business value. For too many, the answer remains elusive.
In this workshop technical and business professionals will learn how to answer the fundamental question: "What is information technology worth?" And they will learn to do it in straightforward non-financial and financial terms.
Participants will learn about the "tangibles":
the traditional "financial measures" (NPV, IRR, payback) in easy to understand terminology
why the actual calculations are the easy part
how to solve the real challenge - deciding what numbers to use and where to find them
Participants will also learn how to show IT’s value when traditional monetary measures simply can’t tell the story. For example:
Will the organization be better off as a result of this project and expenditure? How?
What tangible changes in key business operations can we expect? How much?
We know security is important, but how much is improved security worth?
What is the value of better information or faster access?
What do we get for our investment in infrastructure?
Participants will leave this workshop with:
a new way of thinking about IT’s value,
tools and techniques for quantifying business value, the ability to communicate IT’s value in clear, tangible terms that business decision makers will understand.
Decision-makers will get clear, concise, and actionable requests