Investing in information technology is a significant capital venture and constructing a supporting business case goes a long way toward …show more content…
These two often opposing forces make presenting a valuable and advantageous solution crucial. Fisher Investments reviews recommends preparing a robust ROI strategy for addressing questions from executive decision-makers.
Shaping ROI Analyses
The components that shape an ROI analysis include establishing the strategic object, ensuring a fit within both the technology infrastructure and organizational culture, determining which analysis approach aligns best with business goals, and deciding how ROI fits into the overall decision-making process. While an ROI analysis is a daunting task, a comprehensive review enables the articulation and quantification of the perks that the investment will bring to the organization. Summarizing the analysis by focusing on the benefits is a useful approach to help gain the support of critics.
Determining Value
The primary issue underlying any investment in the technology decision-making process is the ability to weigh its value, but even a manageable, easy-to-use solution often receives approval of key decision-makers. After executives recognize the need for new technology, professionals can equip organizations with a flexible proposal to drive productivity and boost