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Figure 4-2: Information
Technology Planning Process
Information Technology
Planning Stages
Technology
Strategy Planning
Business Area Analysis
Project Planning
Resource Allocation
Results Produced
Tie information technology strategy
Information. โโโยฎ to mission and vision of organization.
Identify key business areas.
Document key business
โโ processes that could benefit
rom information technology.
Define potential projects.
โ Define project scope,
benefits, and constraints.
Select information
โโ technology projects.
Assign resources.
Docsity cond
Best Practice ๏ Only one in seven product concepts comes to fruition ๏ Companies like Proctor & Gamble, Johnson and Johnson, Hewlett Packard, and Sony are consistently successful in NPD because they use a disciplined, systematic approach to NPD projects based on best practices ๏ Four important forces behind NPD success include the following: 1. A product innovation and technology strategy for the business 2. Resource commitment and focusing on the right projects, or solid portfolio management 3. An effective, flexible and streamlined idea-to-launch process 4. The right climate and culture for innovation, true cross-functional teams, and senior management commitment to NPD 12 Docsity.com 15 Categorizing IT Projects ๏ One categorization is whether the project addresses: ๏ A problem ๏ An opportunity ๏ A directive ๏ Another categorization is how long it will take to do and when it is needed ๏ Another is the overall priority of the project Docsity.com 16 Financial Analysis of Projects ๏ Financial considerations are often an important consideration in selecting projects ๏ Three primary methods for determining the projected financial value of projects ๏ Net present value (NPV) analysis ๏ Return on investment (ROI) ๏ Payback analysis Docsity.com 17 Net Present Value Analysis ๏ Net present value (NPV) analysis is a method of calculating the expected net monetary gain or loss from a project by discounting all expected future cash inflows and outflows to the present point in time ๏ Projects with a positive NPV should be considered if financial value is a key criterion ๏ The higher the NPV, the better Docsity.com
