Show my the value

When it comes to business technology these days, companies are asking hard questions about outlays for new initiatives. In an era of tight budgets and slower growth, technology's hottest toys are not worth much today unless they deliver real value to the business. A fundamental rule about asses...

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Bibliographic Details
Published inCIO Vol. 15; no. 14; p. 45
Main Author Brennan, Jack
Format Trade Publication Article
LanguageEnglish
Published Framingham Foundry 01.05.2002
Subjects
Corporate planning
Customers
Employees
Information technology
Initiatives
Return on investment
Stockholders
Value analysis
United States > US
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Summary:When it comes to business technology these days, companies are asking hard questions about outlays for new initiatives. In an era of tight budgets and slower growth, technology's hottest toys are not worth much today unless they deliver real value to the business. A fundamental rule about assessing IT value is that spreadsheets do not tell the whole story. There are multiple valuation approaches for analyzing the expected return on a new initiative, but no matter which method is used, do not ignore business judgment and intuition. Basing technology spending decisions on numbers alone can be penny-wise and pound-foolish.
ISSN:0894-9301