Rolling out an IT valuation methodology across an enterprise or even within an IT department is a major undertaking (see “How to Use the Balanced Scorecard,” Page 93). Laying the groundwork, determining the right metrics and the right amount of metrics, and getting the staff involved are all critical to a project’s success. This checklist, based on a recent Giga Information Group report, outlines considerations to keep in mind when implementing a valuation methodology. Adapt the methodology to the company’s processes and deliverables. Position workflow or process changes inherent to the methodology as an evolution of current processes, rather than something completely new. Decide who will be accountable for achieving the goals of each individual metric. Most likely candidate: the business unit manager most closely tied to it. Specify which measurement (for example, cost savings, sales figures or customer statistics) is being used as a metric, as well as the process for review and analysis. Conduct an ongoing review of all metrics, interpreting results and identifying opportunities for improvement. Make sure that business and IT managers responsible for defining, deploying and monitoring metrics are equally comfortable with business and technical issues. Provide the business and IT managers with adequate time and resources to develop and track metrics. Make metrics that are related to IT projects adaptable to changes in projects’ operational focus. SOURCE: GIGA INFORMATION GROUP Related content BrandPost Retail innovation playbook: Fast, economical transformation on Microsoft Cloud For retailers, tight integration of data and systems is the antidote to a challenging economy. By Tata Consultancy Services Mar 24, 2023 3 mins Retail Industry Digital Transformation BrandPost How retailers are empowering business transformation with TCS and Microsoft Cloud AI-powered omnichannel integration and a strong, secure digital core lets retailers innovate across four primary areas while staying compliant, maintaining security and preventing fraud. By Tata Consultancy Services Mar 24, 2023 4 mins Retail Industry Cloud Computing BrandPost How to Build ROI from Cloud Migration This whitepaper and webcast can help you calculate the ROI and create a business case for modernizing your legacy applications to the Microsoft Cloud. By Tata Consultancy Services Mar 24, 2023 1 min Retail Industry Cloud Computing BrandPost How to power a sustainable enterprise on Microsoft Cloud In this eBook, we’ll follow the journey of Amal Skye, a fictitious woman who is committed to living in a way that preserves the planet for the future —and how businesses like Tata Consultancy Services and Microsoft are making that possi By Tata Consultancy Services Mar 24, 2023 1 min Retail Industry Green IT Podcasts Videos Resources Events SUBSCRIBE TO OUR NEWSLETTER From our editors straight to your inbox Get started by entering your email address below. Please enter a valid email address Subscribe