IT Investment: Making a Business Case
Shows how to present an IT project s expenses in terms of an investment in business practices and processes.
TABLE OF CONTENTS IT Investment: Making a Business Case
Appendix C: Glossary of terms
- Automate
- IT systems that are developed to replace manual activities are referred to as automate systems.
- Benefit
- A term used to indicate an advantage, profit or gain attained by an individual or organisation. A benefit is normally traded-off against a cost of some sort.
- Business objectives
- Those objectives a business organisation wishes to achieve. In the context of this book, the organisational changes and improvements that are to be achieved in order to enhance the business performance as a result of the information system's development and commissioning.
- Business value
- Something of worth to the organisation. Business value refers to how much the information system contributes to the overall worth of the business. This does not simply refer to short-term cost improvements but to a full range of issues including both hard and soft benefits q.v.
- Business vision
- The business vision is that which the management wants to achieve with the enterprise in the future. A business vision usually refers to the medium to long term. It is often expressed in terms of a series of specific objectives as well as general values.
- Capital investment
- Funds committed to long-term assets within the firm such as land and building, plant and equipment or computer hardware. In some cases computer software is even regarded as a capital investment.
- Co-creation
- A co-creation approach means that all the stakeholders' interests are considered in deciding how to specify the proposed information system at the outset.
- Co-evolutionary
- A co-evolutionary approach means that all the stakeholders' interests are...
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