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IT Investment Management

Information technology investment management is performed in three phases

Selection

First of all, we compose thorough technical assessments of project proposals with executive management business expertise, priorities, and direction. The four-step selection procedure consists of:

Step 1:

We review IT project proposal submissions;

Step 2:

We assess the costs, advantages, and hazards.

Step 3:

We sort projects according to their risk and reward; and

Step 4:

We choose the ideal combination of projects and make the final decision.

Control

Senior management constantly checks the status of ongoing IT projects throughout the control phase against the estimated cost, schedule, performance, and provided benefits. This phase consists of the following steps:

  • Step 1: We monitor projects/systems against anticipated costs, schedules, and performance;
  • Step 2: We take action to address any shortcomings.

Evaluation

After a system has been put into place, evaluation is done to determine whether the project was successful or not. We gather, document, and analyze data using post-implementation reviews to contrast anticipated outcomes with actual benefits and returns.

Evaluation is used to

  1. determine whether future adjustments are required;
  2. make decisions on alterations to the organization’s current evaluation process and selection criteria.
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