Discussion 3: it financial metrics
Discussion 3: IT Financial Metrics
This week we explore some basic concepts regarding the financial concerns of the CIO. I have a number of very short headlines from the IT consulting firm, Apptio. Lets think about it this way. You are the new CIO of a large wholesale manufacturing firm. The CFO has historically run the numbers for the IT component, but projects have always been pitched more for their aesthetic value over RoI. Present a discussion for your CFO, CEO, and disseminate to your IT staff, on how you would like to frame the IT fiscal with a logic for doing so.
What I would do is read each of these very short articles, generate a list of talking points from all of them, and use them in combinations all the week. If you are only going to post once you will need to cover all of them.
References to do the discussion
Reference: FitzGerald, J. (2011, June 10). Selecting Metrics to Demonstrate IT Value. Network World. Retrieved from http://www.cio.com/article/2407266/business-analytics/selecting-metrics-to-demonstrate-it-value.html.
Citation: (Fitzgerald, 2011)
Reference: IT Financial Metrics Primer. (2016). Apptio, Inc. Retrieved from http://www.apptio.com.
Citation: (IT Financial, 2016: p#)
Reference: IT Financial Metrics Primer: Eleven Essential Metrics. (2015). Apptio, Inc. Retrieved from http://apptio.com.
Citation: (IT Financial Metrics Primer: Eleven, 2015: p#)
Reference: Technology Business Management. (2010). Apptio, Inc. Retrieved from http://www.apptio.com.
Citation: (Technology, 2010: p#)
Reference: The Top 10 Metrics to Manage the Business of IT. (2016). Apptio, Inc. Retrieved from http://www.apptio.com.
Citation: (The Top Ten, 2016: p#)