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Subject: IT Decision-Making

Tutorial: The IT Investment Management Approach ("Approach")

 

How the Approach Works - Selection Phase


4. Approval

Senior management is presented with decision choices that clearly explain the need, benefit, risks, and costs of each proposal. The choices and results of each decision are known with reasonable assurance. Project approval and budget decisions are made almost concurrently.

5. Budget

Ultimately, the number and types of IT projects / activities are governed by the amount of money available to pay for them. If there is not enough money to do everything, funding is denied based upon an objective assessment of priorities and needs.

Selection Information Is Needed for Control and Evaluation

As we shall see, all of the information that is needed to make better IT project / activity choices is needed throughout the remaining phases.

Please go to the next page for an overview of the Control phase.


IT Investment Management Approach, Lesson 11 of 21

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