Five More Realities for Driving Business Value from Technology
Dennis McDonald's recent post listed Ten Realities of Managing and Using Technology to Generate Business Value. I think a few of these items need some elaboration ... Implementing a technology based solution without understanding the costs is a big mistake ... and most projects only consider TCI - Total Cost of Implementation. This typically includes acquisition, first-year maintenance, and professional services (or internal IT time) to integrate with existing systems. Smart managers will add in Recurring Costs, such as annual…