Club IT Part III - Club IT 1 Club IT Part III Christopher...

Info iconThis preview shows pages 1–4. Sign up to view the full content.

View Full Document Right Arrow Icon
Club IT 1 Club IT Part III Christopher Ard Axia College of University Of Phoenix XBIS/219 Jonathon Robert July 24, 2010
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Club IT 2 This technology plan will identify the solutions to the business problems at Club IT, in which the problems are: cost, and benefits. This plan will provide a description of Club IT and demographic information. The plan will provide a clear set of goals and a strategy for using information systems to achieve these goals and improve business. Furthermore, this plan will provide a professional development strategy that ensures staff training on the new systems. It will also provide an assessment of the telecommunications services, hardware, software, and other services that will be needed to improve service. This will provide a budget that identifies the organizational funds that is available for the system being used. This plan will also provide an evaluation that enables the organization to monitor progress toward the goals specified for using information systems and improving business. Last but not least this plan will provide a complete inventory of the current hardware, software, and types of telecommunications services being used. Club IT must analyze the need for applications and then justify each application in terms of cost and benefits. The information systems are usually needed to relate to organizational guidelines and to the analysis of its performance to its competitors. The cost benefit justification will oversee the knowledge of investing in a specific IT application to compete with spending the funds on different projects. This comparison is frequently referred to as cost-benefit analysis. One of the major challenges that companies face is to allocate fixed costs among different IT projects. Another complication is that the cost of a system does not end when the system is installed. Costs for maintaining, debugging, and improving the system can accumulate over the years to come. Evaluating the benefits of IT projects is even more harder than calculating the business costs. Benefits may be harder to quantify, especially because many of them are intangible. After Club IT has assessed the costs and benefits of IT investments, it must compare
Background image of page 2
Club IT 3 the two. This analysis can be performed in several ways to justify investments for Club IT. Net present value (NPV) calculations for cost-benefit analyses, using the NPV method, analysts convert future values of benefits to their present-value equivalent by not costing them at the organization’s cost of funds. Another tool for evaluating capital investment is return on investment (ROI) . ROI measures management’s effectiveness in making profits with its available assets. The ROI measure is a percentage, and the higher the percentage return, the better. Breakeven analysis
Background image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 4
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 10/17/2010 for the course SCIENCE 225 taught by Professor Austin during the Spring '10 term at École Normale Supérieure.

Page1 / 9

Club IT Part III - Club IT 1 Club IT Part III Christopher...

This preview shows document pages 1 - 4. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online