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IT Finance

This category contains 6 posts

IoT Field Notes: Building a Business Case

An important component of any IoT initiative is going to be the Business Case. Getting past the “strategic imperative” and the “cool technology”, how are we going to build a reasoned case based on ROI? At my our company, we are still building a template for our business cases; as I have noted in my […]

Justifying Preventative Maintenance – Where’s the Value?

It’s relatively simple to have the IT Value Conversation (What is the value of IT? How much more should we invest? What is the cost of cutting resources?) when IT and their internal partners regularly work together to quantify benefits for projects. This is especially true for manufacturing companies, where projects usually focus on labor […]

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How to be Taken Seriously as a Business Partner

Part of my job consists of working with General Managers & Managing Directors, talking about process and technology projects, and how we might leverage internal and external resources. I am no longer surprised that external consulting groups get more of the interesting and exciting projects – internal IT is often challenged by a lack of […]

Chargebacks vs. Allocations – Defining IT’s Relationship with the Business

Some IT departments prefer chargebacks, while others do not. My own preference is to allocate IT costs to the business units, based on some reasonable balance of simplicity and accuracy. General services could be allocated by headcount, COGs, or revenues, with each business unit taking their proportional share. Some easily identifiable items might be allocated […]

Measuring and Reporting IT Value (2 of 2)

My last post generated some interest, so here’s the rest of the examples. Last time, I wrote about the simplistic approach to measure and report on IT value: Is your IT group working on the right things? Are they working on the right things well? Is your IT spend comparable to industry norms? Is your […]

Measuring and Reporting IT Value (1 of 2)

This started off as a quick response to a question on LinkedIn Answers … but I got on a roll … Here’s a simplistic way to measure and report on IT value: Is your IT group working on the right things? Are they working on the right things well? Is your IT spend comparable to […]