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- W592022301 abstract "Organizations that obtain the maximum benefit from their IT investments recognize that,today, most IT investments involve not just technology but business change as well. They arereally business investments with a technology component. Success with IT value managementstarts with joint accountability between IT and business managers. However, the majorityappear to be using standard financial measures such as ROI, net present value (NPV), internalrate of return (IRR), or similar metric. While this is certainly an improvement over notmeasuring anything, exclusively using financial measures has serious flaws. A number of ITvalue methodologies that were developed during the past few years and employed in actual ITinvestment analysis such as the Business Value Index (BVI), Total Economic Impact (TEI),Val IT and Applied Information Economics (AIE). All four methodologies provide a set oftools to help organizations more accurately predict returns from their IT investments andovercome many of the weaknesses in using simple financial metrics. Measuring the value ofIT-enabled business change will be critical to almost every organization as technologybecomes embedded in virtually every business process. The most important IT tool incompanies is the integrated information systems including the standard ERP, hardware,communication networks and the human resources as users. The selection and implementationof ERPs are very important and long term decision making. Supporting the evaluation of ERPin its life cycles decision tools were developed by our research work. These tools are theServices assisting pre-selection (ERP-Select), Decision supporting tool capable of evaluatingERP (ERP-Compare), Decision supporting tool (ERP-Eco) developed for the evaluation ofeconomic value of ERP." @default.
- W592022301 created "2016-06-24" @default.
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- W592022301 date "2009-01-01" @default.
- W592022301 modified "2023-09-28" @default.
- W592022301 title "Business value of information technology in small and medium sized companies" @default.
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