Strategic Planning

Achieving Business Value From Technology by Tony Murphy

By Tony Murphy

Total this ebook introduces a framework of IT funding with actual definitions, sound sensible advices, powerful concentrate on worth dimension of IT. i feel it's a sturdy reference for IT Strategic Consultant.The framework is so referred to as 3P: 5 Pillars, approach, humans. The 5 Pillars are Strategic alignment, company procedure impression, structure, Direct Payback, hazard. Weighting and scoring approach is seriously used on the making plans and research degree whereas quantitative dimension of every of the 5 Pillars is intensely emphasised via the writer.

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As in Sun Tzu’s time, those who do not do so experience failure. While modesty would forbid us from claiming that our framework estimates completely, this is a very practical approach in a wide number of engagements. The comprehensiveness of our approach stems from the three Ps of our framework—Pillars, Process, and People: ➤ Pillars: The Five Pillars of Benefits Realization (strategic alignment, business process impact, architecture, direct payback, risk) define the umbilical cord between business context and IT investment management.

Key areas of value-added business such as customer satisfaction, quality, speed to market, and competitive response will never be approved on the basis of measures that focus on the financially quantifiable. 34 ➤ INDUSTRIAL AGE THINKING ➤ Backward Focus These techniques are focused on the past, that is, what happened rather than what is happening or even will happen. Too often past experience is used as the basis for making forecasts. Especially in volatile times, this is likely to be a most unreliable indicator.

The Internet and the Web immediately spring to mind, but other areas, including the consolidation of electronic messaging (e-mail, workflow, document management), supply chain integration, and middleware, all pose new complexity challenges. ➤ Business Processes Are Transforming Business processes are continually changing and this change is usually enabled, if not actually driven, by IT. Business processes are also extending to trading partners, demanding even greater flexibility and responsiveness.

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