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Value Management

Information technologies are of great importance in today's businesses. Businesses need to use information technologies effectively to gain competitive advantage, increase their efficiency and ensure customer satisfaction. However, information technology investments can be costly and may not provide the expected value if mismanaged.

Information Technology Value Management is an approach used to solve these problems. Businesses aim to obtain maximum benefit from their investments by managing their information technology investments in the planning, implementation and evaluation stages. The following steps are usually followed in this process:

  • Value Management Processes

    • Determination of strategic goals: Considering business strategies and goals, it is determined how information technologies will contribute to these goals.
    • Information technologies portfolio management: Evaluation and selection of existing and potential information technologies are made. Factors such as needs, costs, risks and returns are taken into account.
    • Project and program management: Planning, implementation and monitoring of IT projects are ensured. It is aimed to complete the projects successfully by using project management disciplines and methodologies.
    • Resource management: Effective management of elements such as resources, budget, human resources and infrastructure required for information technologies is ensured.
    • Performance measurement and evaluation: The effects of information technologies on business performance are measured and evaluated. In this way, improvement areas are identified and value is constantly increased.
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