Technology Acqusition Benchmark

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Grand Canyon University *

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Management

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Apr 3, 2024

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pptx

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Uploaded by SuperMole2636

Technology Acquisition By: Kimora Coulson Date: March 6 th 2024
Measuring IT Value IT values are the benefits and contribution that IT brings to an organization IT plays a crucial role in business operations, facilitation communication, data management, decision making, and automation of processes IT investments can directly contribute to financial objectives Return on Investment (ROI): Measures the financial return generated by an IT investment relative to its cost Total Cost of Ownership (TCO): Calculates the total lifetime cost of owning and operating IT assets Key Performance Indicators (KPIs): Quantifiable metrics used to evaluate the performance and effectiveness of IT initiatives.
Dynamics of IT Growth IT growth involves the expansion and evolution of technology capabilities Development encompasses the creation of new IT solutions, applications, and systems to enhance organizational processes and address emerging challenges. Balancing investments across growth, development, maintenance, and production is crucial to support organizational objectives effectively When allocating resources strategically, investments are prioritized according to how well they can promote innovation and provide a competitive edge.
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