total cost of ownership

Defining Business Benefits: Hard and Soft

All projects should have a clear objective, a practical plan, and an understanding of the costs and benefits to get the thing done. Easy to say, but a lot of project teams struggle to crisply and clearly define specific business benefits. One way to move the process forward would be to have a clear understanding of the types of business benefits you might claim. Hard benefits come from firm commitments to make measurable differences in the amount of revenue generated…

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IT Budget Hacking (w$$t)

Some block-and-tackle IT management stuff for today - taking a long, hard look at the IT budget, a task that is less-than-pleasant for many. Most of my peers have already cut any and all low hanging fruit - it's time to start thinking aggressively. Software Maintenance for the Small Stuff Most have concentrated on their ERP and other large, strategic vendors - but what about all of those little invoices that come every year? I'm talking about development tools, management…

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If I Told You a Fractal Solution, Could You Change the CEO’s Mind?

As the new year approaches, debates over the "value" of IT and business projects intensify; it's not holiday stress, but the excitement of the approaching New [fiscal] Year. Lately, I'm hearing more about the struggle to quantify business value, especially when selecting those few projects that will "make the cut". We will definitely iterate on our scoring framework, adding a cost / benefit template to facilitate more apples-to-apples comparisons between projects (yes, don't scoff  - it is possible - more…

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Five More Realities for Driving Business Value from Technology

Dennis McDonald's recent post listed Ten Realities of Managing and Using Technology to Generate Business Value. I think a few of these items need some elaboration ... Implementing a technology based solution without understanding the costs is a big mistake ... and most projects only consider TCI - Total Cost of Implementation. This typically includes acquisition, first-year maintenance, and professional services (or internal IT time) to integrate with existing systems. Smart managers will add in Recurring Costs, such as annual…

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Free as in … the Open Source Refrain – Improved!

I'm not going to recount the history and foundations of open source software, just point out that the word "free" has long been a point of contention when folks talk about "free" software. For clarity, the open-source crowd will refer to ... Free (as in Speech), meaning the user's freedom to run, copy, distribute a piece of software Free (as in Beer), meaning the software is available at no cost BTW, the world is really into their free beer -…

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