By Marc J. Schniederjans
ISBN-10: 9812386955
ISBN-13: 9789812386953
ISBN-10: 9812562605
ISBN-13: 9789812562609
Bargains an in depth set of methods and methodologies for making improvements to IT funding decision-making. provides either monetary funding versions and complicated decision-making types. for college students.
Read Online or Download Information Technology Investment: Decision-Making Methodology PDF
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Additional info for Information Technology Investment: Decision-Making Methodology
Example text
The PC problem above is very simple relative to what manager's face when selecting IT for operating systems in business organizations. In addition to all the factors above, business firms have to be able to integrate their systems within their own firms network and with their external partners, like customers and suppliers via the Internet or other mainframe computer information systems inside and outside the firm. These factors could include those reported by Sarkis and Sundarraj (2002): intrafirm adaptability, interfirm adaptability, platform neutrality and interoperability, scalability (resizing capacity to meet changing needs), security, system reliability, ease of use, and customer support.
A reengineering program is a process of drastically or radically changing people, processes, and the organization itself, through the use of technologies and methodologies, to achieve organizational objectives such as improved efficiency, quality, and competitiveness (Chase et al. 2004, pp. 338-34 1; Schniederjans and Cao). Reengineering management also called business process reengineering (BPR) are the activities that are involved in the managing of the restructuring of processes in an effort to improve efficiency.
Some of the methodologies discussed in length in this book include those briefly described in Table 2. Limitations of Methodologies The methodologies and models that will be presented in later chapters are all based on the idea that we can identify and include all relevant IT decision-making factors. Unfortunately, the methodologies themselves limit what kinds of factors they can consider. For example, some investment models can use dollars as an input parameter, yet, as we have mentioned in the simple PC problem, it takes a combination of dollars of cost, a ranking of features, a possible scoring of quality, and so on, to render a more inclusive decision on IT investments.