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Archive for the ‘cost optimization’ tag

Hard to deliver a return on investment if you don’t manage the actual investments!

Written by Ben Chamberlain on March 18th, 2021 at 1:12 pm

Click here to read the previous post in this series, or start from the beginning

There’s only one reason to engage in any piece of work – and that’s to achieve value.  Sometimes the value is direct – like more revenue or lower costs.  And sometimes it’s indirect – compliance, customer and employee satisfaction and the like.  But regardless of how value is defined, every piece of work do has to deliver more than is invested in it.  And in the vast majority of cases, what’s invested eventually comes down to money.

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Key Issues Shaping IT Investment Strategies: Interesting Results from Recent Webcast Polls

Written by Mike Gruia on August 4th, 2014 at 1:23 pm

As the enterprise performance crisis pushes IT investments back to the top of IT leadership concerns, we ran three surveys aimed at understanding where the market is at with respect to IT investment strategies.

The questions, asked during the live webinar, Why Integrated IT Portfolio Management Matters, conducted on July 29th, 2014, focused on the key issues shaping today’s IT investment strategies.

The first poll asked about the factors contributing to an organizations struggles with respect to digital investment models. 37% of respondents believe that agile investment and resource allocation is key to the success of the IT investments. UMT360 believes this is one of most underused drivers of effective IT investments, and our research shows that high-performing organizations are more likely to focus on this area of investment management agility. But this agility isn’t possible without portfolio integration and financial maturity. Without this foundation, organizations will struggle to achieve the dynamic reallocation and optimization of investments.

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The Magic Ingredients of Managing IT

Written by Ben Chamberlain on April 14th, 2014 at 2:13 pm

Businesses today are challenged with ways to fund innovation as budgets remain flat or increase incrementally.  The inability to efficiently invest in the future is one of the reason’s IT is becoming less relevant.  It’s imperative that organizations make changes and not only gain a greater understanding of their spending dynamics but also adopt a new approach to decision making, one that focuses on strategic investments and their ability to create competitive advantage.  How do you get started?

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5 Principles Essential to IT Cost Optimization

Written by Mike Gruia on March 3rd, 2014 at 9:55 am

IT investments face a leaner, slimmer future but the companies that master IT investment cost optimization will emerge with better ROI on their investments.  IT investments are positioned as so essential to core operations and integral to business success that they often remain remarkably resistant to cutbacks, even in economic downturns.  Although IT investment budgets can seem vague, they do need to be rigorously scrutinized because waste is built into them.  In general, companies overspend on IT because they are unwilling to say no to business and IT.  Instead, executives along with their IT and division leaders need to face some truths about what drives up IT investment costs.

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