Many organizations do a poor job of measuring the business value of their IT investments. Simple financial metrics are not good enough. But there are a number of consistent, repeatable, and credible measurement methodologies that hold both business users and IT departments accountable. Compare four methodologies, and learn how adding one of them to your overall governance framework can improve your IT investment returns.
approval of documents example
implemented a new project approval system with two main steps: 1) project initiation, where the metrics and initial impact (cost, benefit, flexibility, and risk) of an idea are quantified and communicated, and 2) project charter, where the full analysis, costs, and benefits are documented along with various scenarios that are summarized and presented for funding. Val IT Complements COBIT For Expanded IT Governance The IT Governance Institute (ITGI) , the originators of the COBIT governance framework,