Future Investment Possibilities
By Marcel Noeverman
Previous version by Hajo van Ravenswaay
Based on the original version of Yelei Zhang
The use of this tool should result in a description of the future capabilities of the IS function to initiate new projects and to maintain high quality in the provided services (Salmela & Spil, 2003).
Prioritization of Possibilities
Understand the current situation and potential future changes. How does the business strategy match with current IS systems?
Find reasonable potential alternatives
Ranking of the potential alternatives based on an analysis of benefits, resources and risks
Use already available information and for example a SWOT analysis
Methods stimulating the generation of creative ideas, e.g. brainstorming
Different methods are available
Functional business management, IS management and users. Sometimes also senior management and consultants.
Functional business management, IS management and users
Functional business management, IS management and users. Sometimes also senior management and users.
Information about the current IS/IT recourses
Trends in the industry
Proposals of IS projects that can solve the existing needs and contribute to the sustaining development of the business
A list of prioritized proposals
Therefore, it is important to collect some information first. We need to know what the current situation is and also what will be important in future. Further, alternatives must be generated, for example by using one of the methods suggested in table 1. In the end these possibilities must be prioritized to be able to make a well thought decision. After the last step, the process starts again by the collection of information.
Tabel 1: Investigating future investment possibilities
Salmela, H. & Spil, A.A.M., (2003). Dynamic and emergent information systems strategy formulation and implementation. International Journal of Information Management 22, p453