Project managers rigorously assess and plan the delivery of projects to avoid the nightmare of going over cost. But what if there was a more mathematical way to quantify this? This is a question global financial services firm, State Street, asked when it deployed predictive analytics.
We talk to three leading Australian technologists on how much is too much when it comes to IT offshoring or outsourcing, and when to put your foot down and keep the IT functions in-house that will allow you to do your job well.
In the realm of IT outsourcing, disengaging from a multi-year, multi-million dollar agreement can be so difficult and costly for customers that it makes a Trump divorce seem like a tea party. But that's exactly what Kellwood did last year, despite the upheaval the company anticipated from ending its 13-year IT outsourcing arrangement with EDS.
ERP investments have long held a stranglehold on corporate IT investments. The Great Recession, however, has pushed boards and budgeting committees to examine IT spending like never before. Not surprisingly, ERP's juicy slice of the corporate spending pie has come under closer scrutiny.
Much has been said about best practices in IT management to tide over the economic downturn. Under ever-increasing pressure, many CIOs are now looking at IT Infrastructure management as an effective means to drive business transformation. While most organizations are keen to join in, there are some strategies that may be employed to get quick wins.
Multisourcing, or spreading work among several service providers, can offer many advantages to IT shops, from competitive pricing and increased flexibility to access to a deeper pool of talent. But working with multiple vendors can also mean exit costs are multiplied if the arrangement doesn't work out, warns Bob Mathers, principal consultant with Compass Management Consulting.
A couple of weeks ago I was asked to moderate an HP-sponsored meeting on the subject of virtualization. Predictably, most of the discussion (attended by press and vendors including Citrix, Microsoft, Red Hat, and VMware) focused on cloud computing. It was a pretty lively session, but what I want to address here is an HP product portfolio called "IT Financial Management" that was discussed, along with its implications for cloud computing. As you might guess, the product focuses on financial analysis of IT operations, which is extremely relevant to the adoption of cloud computing.
As a professional involved in cost management, you need to be aware of the often-overlooked levers for improving technology cost management and reductions. An integrated approach that combines the outcomes from these hidden levers will help improve the overall outcomes from the activities.