Technology for the bottomline

A black bottomline depends on how the company/body answers and frames the questions and how soon can it be executed with barest minimum expenses or in a few cases slightly more than the least expenses where there is true value to be had from better bells and whistles from the existing infrastructure.

Any expense invested in IT/internet should create a positive return to the company. Additionally, management needs to take an asset and portfolio management view of IT/internet activities. New projects create new IT assets; existing IT activities-or assets-need to be managed for maximum benefit to the company. Both classes of assets need to be managed for value and risk as portfolios, not as individual assets.What needs to be mentioned here is that the learning should not be lost and one should see how one can grow the builtup knowledge base.

Cost: The actual cost to deliver the application to the business, including computing, networks, and support.
Alignment: How well the application is aligned to the company's strategic intentions.
Dependency: How much the firm depends on the application.
Breadth: How widely the application is used throughout the business.
Quality: How functional is the application?
Service level: How well does the application perform for the business user, in terms of accuracy and functionality?
Technical risk: The risks to the business of increased costs and application failure due to technical factors.
Innovation and Speed:These 2 activities will make the difference between the success and failure of the venture.Who/what helps you finds the balance is also really important and should be rewarded-if not the balance changes - as if the person or the best practice is neglected which happens many times the contribution is just not the same anymore and there will be a loss of best results.

Ask IT people and consultants the truly hard questions, such as:
How do we justify new IT/Tech investments?
Are we balancing our resources between requests for new investment and existing IT activities?
How do we measure and report the business return on IT investments?
What further should I know about using IT/internet and why has it not been told to me and the entire set of decision makers so far if it is going to be beneficial?

The 2 activities relating to the usage of IT and the internet which will actually make or mar a project(s) are today in my opinion blogs and wiki and their usage or lack of it!

To contribute to profit, IT/internet related activities needs to be managed and spurred on and these are a set of assets and asset portfolios, which are already providing business impact and ROI-how and whether you know it or not are the questions to be asked and a lack of it has shut many ventures worldwide-for examples of botched projects and business search the web!

I really am liking two of the very best blogging services and I think these are really doing well because people are making decisions and money based on inputs from such services-the question being asked is are you making it?

Check out the blogs found here and ask yourself the right questions-I search the services for specific keywords like technology,startups,Venture Capital,Stocks and best practices etc..

Are you even thinking in these lines?

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