Understanding Business Value of IT(Information Technology)

Is IT driven by business?

I believe its a good question to be asked at this point in time after the doom of financial markets allover world. When top investment banks collapsed in USA and Europe everybody is asking a question how it is possible if the system in place. IT in general supposed to be driven by business requirements so its natural process that, as other component in business, this is also adding value to business, but is that benefits realized to business?

Is IT a hype from time and again?

Business value of IT measured in different metrics and methodologies that may or may not give true picture of IT value to business, so the contradiction lies in the hypothesis itself that IT is driven by business which is adding no value but continuing. In the concurrent world where businesses are competing for survival and existence IT is invaluable from intangible perspective.

Making sense of PM triangle

The infamous scope, cost and schedule trio can be realized for IT business value in terms of earned value over time may only give results for a particular project. But unit or entities are interconnected by infrastructure, service delivery, process, people, and technological enabling for fostering agility and innovation.

Green IT

New buzz word in circulation to many, but required for sustenance to justify IT value to business, justifying new technologies may be Cloud Computing or web services to improve overall business functions and IT Cost Optimization required to reap benefits in future growth of IT.

Real Business of IT: How CIOs Create and Communicate Value

The Business Value of IT: Managing Risks, Optimizing Performance and Measuring Results

How to Measure Anything: Finding the Value of Intangibles in Business

Comments

Porter's outside-in and Hammel - Prahald's Inside-out

Over the years inspiration and motivation to out do something which creates spark in the genre of concurrent times is always been challenge for all of us, to make things happen requires a plan, an out of the box solution to rationalize its existence. More often than not inspiration are unknown to us, which may leads to different scenarios of multiple ways of looking at things differently and indifferently also, anyways there are always n-1 degrees of freedom to think differently for n+1 different ways looking at things. Inspired by a spiral which is coincidentally a galaxy in our spatial system gives us views like --if one start from a point from outer end to reach at center, will reach from outside-in and if one starts from the center and circle outwards move than that will be inside-out thinking. So again its up to individuals, which way move. Traveling by we see stars and other objects binding each other with gravitational forces. Galaxy One of the many management stra

Constructive Blame storming and using Devils Advocate in problem solving and competency development

Cover of Six Thinking Hats Discussions leads to solutions , mistakes leads to innovations, As part of innovation , solution approaches, models quite often used technique in healthy discussions on day to day basis is Brain Storming , mischievously known as blame storming. To the extent organizations build competency around subjects of real time situations, till it takes to materialized very few of them make it to the concrete implementations. Take for example Google revolutionized the way we use internet with countable team, that storm sustained and now second wave coming from Facebook, Linked etc. Questions asked about their revenue models but skepticism will always there, social networks are strong tools not only for marketing but of communication, collaboration, and increased productivity and realized intangible benefits. Discussions are full of Arguments, counter arguments, statements, facts, thesis, anti thesis etc. Contextually the term devil's advocate can be dis

Frisking out project risk

Risk Management road sign (Photo credit: Wikipedia ) So what is a risk ? First understands and identify a risk is most important part of risk management.A risk is a probability of uncertainty associated with executing certain item/task/process/work etc. A risk generates out as soon as we initiates a task. A critical resource in terms of skill set, in a team is a potential risk of leaving the project in between because of unavoidable reasons. So a risk is inevitable, only thing we can do is ; manage and mitigate. Just like handling/catching error in software program . Always plan for the element of risk in project from the start and reiterate control over it for any contingencies. Steps to assess risk: Identify---------->Analyze--------------> Set priority to each risk Steps to control risk: Mitigate------------>Plan for contingency----------> Quantify it and Set a control process Design a Solution process at the team level: Taking help of the experts inv

Project Portfolio-Program Management

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