Measuring the ROI from Technology
One of the most important challenges in business today is developing a consistent process for assessing technology based upon credible financial metrics that the finance department will trust.
This course, designed for managers and professionals in IT, finance, and other functional areas, is grounded on the understanding and use of ROI analysis that comply with the tenets of the U.S. Government’s Generally Accepted Accounting Principles (GAAP).
Participants will learn about the metrics used to assess technology, the process for assessing benefits and costs, and effective ways to present a business case for a technology investment.
Upon completion, each participant will be able to:
- Apply financial metrics to the assessment process
- Measure direct and indirect benefits
- Assess worst-case scenarios
- Negotiate with vendors to maximize benefits
- Develop an accurate business case the CFO will trust
- Establish a company-wide ROI process
- Set financial milestones for project deployment
- Assess the real value of a solution upgrade
- Minimize financial risk
- Quickly Assessing the ROI Potential
- Scoring the Potential
- Why Use Financial Metrics
- Strengths and Weaknesses of NPV, ROI, Payback, TCO, IRR
- Assessing Project Costs
- When Not to Include a Cost
- Assessing Direct Benefits
- The Real Challenge - Assessing Indirect Benefits and Productivity Gains
- When to Ramp Benefits and Costs?
- Measuring the Value of a Hosted Solution
- Worst Case Scenarios
- Fixing ROI Problems
After the Assessment
- Establishing ROI Milestones
- Negotiating with a Vendor Based on Value
- Prioritizing Projects
- Budgeting for the Future
- Using the ROI Tool
- Developing the Business Case
This one-day course, facilitated by Ian Campbell, costs $950.00 per person. CIMS Sponsor Companies and Babson College affiliates will receive a 10% discount. Contact CIMS for discount code prior to registering online. Fees include materials, breaks, and lunch each day at the world-ranked Babson Executive Conference Center.
Participants will receive an “IT ROI Analysis” certificate. The National Association of State Boards of Accountancy (NASBA) has also approved the course for 8 CPE credits for CPAs.
New 2013 dates to be determined