Moneyball for IT
September 18, 2012
Traditional efforts to improve IT performance treat project delivery as an operational endeavor driven by technologists. Progress, these technologists say, lies in ever more complex implementation methodologies.
The fact is, an IT project is a business endeavor which must be evaluated in financial terms, both as a standalone effort and in relation to other efforts competing for resources. Moreover, a client or vendor’s projects represent a rolling collection of endeavors. They are best analyzed and managed as a portfolio. The data, insights and opportunities generated by a financial, portfolio approach constitute Moneyball IT.
Proof of success will not only come through better project delivery and business ROI but the ability to insure IT projects for timeliness, adherence to budget, and full functionality.
Note -- With respect to Robert Zafft, this article arises from the entirely private research activities of the author and does not reflect the views of author's employers, past or present, nor any other organizations with which the author is or has been affiliated.
Number of Pages in PDF File: 5
Keywords: IT, information technology, IT projects, project failure, risk, risk management, Moneyball, Flyvbjerg, Budzier, portfolio, portfolio risk management, technology risk, insurance, professional liability insurance, vendor
JEL Classification: G22, L86, O22, O30, D81
Date posted: September 19, 2012 ; Last revised: September 4, 2013
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