In 2011, CIOs of organizations large and small are going to face decisions about whether to keep old systems or upgrade. The temptation to hang on to the old, especially in tough times like these, will be almost overwhelming. But the reality is that technologies have life cycles, and sometimes the costs toward the end of a system’s life can be shocking. The trick is correctly accounting for the risks and costs and, if need be, making a strong case to C-level peers for an upgrade.
Archive for the ‘Budgeting for your IT’ Category
Learning the hard way that aging technology is expensive
Thursday, January 20th, 2011When analyzing your ROI, look beyond the numbers
Friday, July 16th, 2010CIOs using ROI to examine the value of an important IT project need to look beyond the number. Other factors that need to be analyzed are:
- the size of the initial investment
- the time it takes to break even or the payback period
- the time required to produce the return