Independent review of IT solution value

To compute the value of implementing an IT solution, take:

(a) Expected financial benefits (+)
(b) System implementation and maintenance costs (-)
(c) Qualitative changes (+/-)
= Expected value of an implementation: a – b +/- c = ?

However, obtaining a credible outcome largely depends on correctly estimating the individual constituting elements of this seemingly simple equation. This also holds when using a more sophisticated methods such as Internal Rate of Return (IRR) or Net Present Value (NPV) of a project.

Their results will be only as meaningful as robust and objective are the assumptions behing the specific method employed, and the input data used in the calculation properly verified.

We use business process benchmarking when estimating the expected financial benefits of an implementation. We compare selected KPIs (Key Performance Indicators) in the company that plans to implement an IT system with the same parameters in another comparable organization already successfully using such a solution.

When making a decision on selecting the supplier of a solution, it is good to be able to additionally rely upon and independent opinion of external experts.

From the perspective of the overall cost of the project, the price to pay for an evaluation of the solution under consideration by a FirmValue Expert is negligible in comparison to the obvious benefit it offers, such as:

  • greater transparency of the decision process
  • higher probability of making a good decision
  • lower risk of potential conflict of interest
  • opportunity to demonstrate availability of an objective justification for the decision made independent of the interested solution suppliers

 

Please, call or e-mail us to arrange for an initial consultation.
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OUR EXPERT

ryszard Gwozdowski

Founder
e-mail: ryszard.gwozdowski@firmvalue.pl
tel.: +48 608 308 697

  1. analysis and assessment of IT projects
  2. selection criteria for IT solution supliers
  3. realistic estimation of implementation and maintenance of IT solutions
  4. cost/benefit assessment of IT solution implementations
  5. rules for IT project implementation