Recommendation Report on the MDCM Board for Optimum IT Projects Essay

Recommendation Report on the MDCM Board for Optimum IT Projects Selection - endeavor ExampleThe team discussed the strategic goals of the company as part of the exercise and derived the strategic IT objectives from the same. Strategic IT objectives as derived from the Strategic goals of MDCM 1. To create an integrated MDCM IT based intercommunicate to achieve cost effectiveness and process efficiency. (SO1) 2. To increase use of the internet as a means of networking and communications for customers and suppliers.(SO2) 3. To way upon IT consolidation by creating a single, centralized view of MDCMs overall IT assets and capabilities and to develop a sophisticated IT capability which would speed up the information flow. (SO3) Methodology of the study The team discussed the strategic goals of MDCM and arrived upon the strategic IT objectives. Further, the team studied the IT objectives and with due diligence exercises, arrived at the proposed IT projects to fulfill the strategic IT ob jectives. The projects have been coded for study and presentation purposes as P1 through P12. However, the MDCM board creation the final decision qualification body, the team arrived at scorecards and a proposed portfolio for the board to consider for deciding the optimum portfolio. Also, the team has discussed the dependencies among the various projects for effective implementation of the same. Criteria for making scorecard weightages Based on due diligence and feedback from the corporate functional heads, the criteria for assigning weightages to the likelihood of success or risk Vs the Value to the Business were pertinacious as follows Likelihood of success (L) criteria, coded as L1 through L6 L1 Technical standards 10% L2 Skills, capability and training 10% L3 Scope and complexity 25% L4 Business conjunction 22% L5 Risk 21% L6 Management capability 12% Value to the business (V) criteria coded as V1 through V6 V1 Financial return 30% V2 Customer and consumer focus 20% V3 Su pply chain business benefits 15% V4 Technology efficiency 15% V5 Knowledge advantage 10% V6 Work/life balance 10% The Corporate heads and the ITPM team were asked to rate the each of the projects on a scale of 1 to 10 as to the Likelihood of success of each project and its lever to the organization based on the strategic IT objectives as discussed above. For example, the L scores for project P1 on X axis that is Likelihood of success factors are tabulated as follows P1 Criteria L tick off weight Max Score relative value absolute value L1 6 10% 10 60.00% 6.00% L2 4 10% 10 40.00% 4.00% L3 5 25% 10 50.00% 12.50% L4 7 22% 10 70.00% 15.40% L5 8 21% 10 80.00% 16.80% L6 7 12% 10 70.00% 8.40% Total Value 63.10% Where, L represents The Likelihood of success of the assumption project Score is the mean rating given by the ITPM team for the given IT project on the respective L factor. tilt is the weightage assigned to the respective L factor Max Score is the Maximum rating that can be g iven to a project for the respective L factor. Relative value is the relative rating of the project on the given L factor. Absolute Value is the weighted rating of the project on the given L factor. Total Value is the total weighted rating of the project on all the L factors. Similarly, the V scores for project P1 were as follows P1 Criteria V Score weight Max Score relative value absolute value V1 7 30% 10 70.00% 21.00% V2 8 20% 10 80.00% 16.00% V3 6 15% 10 60.00% 9.00% V4 6 15% 10 60.00% 9