Jon Fendenheim’s old boss, the CEO of a homebuilding company, liked to equate the cost of each new IT project to sales, as in how many extra homes he’d have to sell to cover the technology’s cost.
Fendenheim, who was director of IT at AV Homes during those exchanges, says his boss’ perspective taught him a good lesson: “It made me cognizant about how I spent the IT money and how to get the best bang for the buck.”
Certainly, most IT chiefs don’t have to equate projects directly with sales figures. But CIOs do need to think about real dollars and actual business impacts if they want to calculate both the costs and, more importantly, anticipated returns of projects they want to undertake.
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(Insider Story)
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Source: News