AFM241 Chapter Notes - Chapter 9: International Financial Reporting Standards, It Portfolio Management, Backup Software
16 Sep 2016
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Chapter 9: it budgets and it portfolio managem. Large role for it in a competitive environment increasingly shaken up by tec disruptions. Help guide strategy with data and advanced analytic. Stay on top of possible new roles for mobile devices. Higher it spending elevates the need to focus on the management of it resources. Evaluate likelihood that investments will produce expected rate of r. Identification and prioritization of it initiatives & implementa. Make sure that the users can extract value from these it initiat. Monitoring realized payoffs of it initiatives --> deliver expected ben. Budgets --> allocate financial resources to different units based on planned activ term objectives. Forecast the level of sales or level of services they will prov. Short-term and long-term expenditures needed to support projec. Requests evaluated by seniors --> then budget is establish. Way to communicate short-term financial goals to memb. Help senior executives coordinate the many activities of an organiz.
