Reference no: EM132071158

Before beginning this assessment, choose an organization with which you are familiar. You will assess and document the financial results that an advancement in IT would deliver for this selected company or organization.

Directions

Address the following points.

1. Discuss the formal IT project-approval process established within your selected organization.
2. Describe the financial justifications of implementing an advancement in IT at your selected business or organization.
3. Express the argument for approval of the IT project within the selected organization on the basis of:
   • Traditional financial arguments.
     • Appeal to established policies of key executives (CIO, CTO, CFO, CEO).
     • Perhaps not documented in governance but known by word of mouth.
   • Contemporary philosophies of establishing business value.
     • Appeal to innovative philosophy of one or more key executives.
     • Consider one of the selected readings that establish other contemporary approaches to evaluate.
4. Define and describe the following traditional techniques for establishing financial justification:
   • Define the concept of internal rate of return (IRR).
   • Describe the concept of return on investment (ROI).
   • Define the concept of net present value (NPV).
   • Describe the concept of payback period, expressed as a unit of time.

Additional Requirements

• Written communication: Written communication is free of errors that detract from the overall message.
• APA formatting: Resources and citations are formatted according to APA (6th ed.) style and formatting.
• Number of resources: Use a minimum of three resources.
• Length of assessment: Ten pages.
• Font and font size: Times New Roman, 12 point.
• Free of plagiarism