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In the past several years, IT costs have soared across industries as technology becomes increasingly complex, and enterprise applications require more time and resources to implement. How do you ensure your IT spending is actually delivering value to your company?
Too often, technology is an ongoing cost to be constrained, rather than a strategic spend that can further a company’s long and short range objectives. CIOs rarely “sit at the table” with the CEO and CFO, the latter’s eyes glazing over as the CIO discusses the latest esoteric technology, and the former becoming repeatedly frustrated as his or her budget requests are constantly met with skepticism and demands for more cuts.
Rather than a “cost of doing business,” technology should enable business strategy, and become a competitive weapon for your organization. A well-defined and reliable ROI should be associated with technology spend, allowing it to become an investment with a predictable return, rather than yet another cost to be mitigated. Prevoyance Group will help your company make this transition.
Download a one-page PDF summary of results you can expect working with Prevoyance Group, as well as a summary of our service offerings.
The High Cost of Failure
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One of the key ways of leveraging IT to deliver business results is focusing on strategic projects rather than ongoing operations. Often costly and huge consumers of resources, these projects can streamline operations, increase customer service, speed production or any number of tactical objectives, and managed effectively, can deliver a ROI well above their implementation cost. While vendors have sterling examples of client success stories, the IT press is also littered with dramatic project failures, in the worst cases costing in the hundreds of millions and causing huge impacts on everything from the ability to ship goods to the corporate share price.
These projects start with the best intentions: software from a leading vendor, a marquee implementation firm and an ace team of internal resources. Even with this “dream team,” conflicting interests and an inability to combine business process change with software change can leave festering problems that do not appear until late in the implementation, when costs to repair are exponentially greater than were problems corrected earlier. In the less extreme cases, although your projects may be meeting deadlines, are they performing at their full potential?
Prevoyance Group does not implement or sell software or technology "solutions;" rather we help your company avoid the potential for spiraling costs by focusing your IT organization on delivering strategic value and business results, not just commodity technology. Acting as trusted and unbiased advisers we work with your organization on all strategic aspects of your IT operations, from understanding emerging technologies, to finding effective vendors and implementation partners, to ensuring your IT projects are successful through our Project Doctor suite of services. Our StrategicIT service helps your IT leadership transition its technology group from a cost center to a growth engine.
Please explore the free content section of our website, as it contains many articles and whitepapers that will help your company build high performing projects, and transition IT from a cost to an investment. We also publish an award-winning monthly newsletter, and encourage you to subscribe for a SPAM-free monthly dose of the latest thinking in high performance IT management.


