Question

Discussion Questions: Cathy Benson, the director of the newly created IT Investment Office, is tasked with the “design and implementation of a detailed investment optimization process to be implemented and throughout the bank in time for the next budgeting cycle.” She has three moths to do it and it must be in accordance with the five established principals to guide the bank’s IT investment process.

Your task is to design and implement the following:

1. A thorough and rigorous method of project categorization and prioritization.

2. A comprehensive and complete governance of IT spending and benefits delivery at all leve

Answer 1

Answer:-

Given that,

Cathy Benson, the director of the newly created IT Investment Office, is tasked with the "design and implementation of a detailed investment optimization process to be implemented and throughout the bank in time for the next budgeting cycle."

Explanation:

1)

While working on the project, it is very important for both project management and officials to classify and prioritise activities that are part of the life cycle of the project. This is important for people to reduce costs and develop and deliver the project on time with the quality promised. This enables them to find out what processes and activities are essential to the development of the project, so that processes and activities that do not make a significant contribution to the development of the project can be produced.

Some of the techniques that can be used for the prioritization of the project activities are:

• It is important for the project manager to find the strategic importance of the project to meet the long term goals for the organization.
• The project manager must be able to find the impact of the project on the ongoing business processes within the organization.
• The project manager is supposed to verify the cost of the project and the revenues that might be brought by the project to the organization.

2)

Information Technology is essential for the well-functioning of business processes within the organisation and therefore it is very important for the organisation to streamline its information technology assets and resources so that they can be used efficiently for the development of business processes within the organisation.

IT systems are used to design and develop products within the organisation, store and process data and to monitor sales, revenues and system performance. In order to manage these systems, the organisation should ensure that sales and purchases of these systems are made only in accordance with the requirements of the organisation and the project on which they operate.

In this way, they can actually efficiently manage their IT resources by cutting the costs and improving the performance of the organization.

If you have any question, feel free to ask..

Best Of Luck....