1. Focusing on Broad Organizational Needs It is often difficult to provide strong justification for many it projects but everyone agrees they have a high value Three important criteria for projects There is a need for the project There are funds available There's a strong will to make the project succeed 2021/2/21 IP 16
2021/2/21 16 1. Focusing on Broad Organizational Needs ◼ It is often difficult to provide strong justification for many IT projects, but everyone agrees they have a high value ◼ Three important criteria for projects: ◼ There is a need for the project ◼ There are funds available ◼ There’s a strong will to make the project succeed
2. Categorizing it projects a One categorization is whether the project addresses aa problem an opportunity aa directive a Another categorization is how long it will take to do and when it is needed Another is the overall priority of the project 2021/2/21 P
2021/2/21 17 2.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
3. Financial Analysis of Projects a 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 2021/2/21 IP
2021/2/21 18 3. 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
Explain Financial Terms in Your Own Words NPV(Net Present Value) ROI(return on investment Payback analysis 2021/2/21 IP19
2021/2/21 19 Explain Financial Terms in Your Own Words ◼ NPV(Net Present Value) ◼ ROI(return on investment ) ◼ Payback analysis