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BAIS3020 - IT Strategy Management review Flashcards | StudBud
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BAIS3020 - IT Strategy Management review
BAIS3020 - IT Strategy Management review
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Managing strategy and strategic planning #planning
Flashcards
29 cards
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Questions
29
Answers
1
What can get in the way of converting your strategy to reality
(2 are correct)
Two many projects
Implementation may require significant business changes
A well established funding mechanism
Enthusiastic departmental support
2
___________________ Ties the work of IT directly to the
performance of the organization
Functional Measures
Project Measures
Enterprise Measures
3
A Vision Statement ...
answers "What do we want to become?"
answers "Who we are?"
answers "What is our top strategic goal?"
answers "How are we going to achieve our goals"
4
A Technology Roadmap...
Is a project plan
Communicates the plan for technological initiatives
Is the business strategy plan
5
The missing step in the Developing the IT Capabilities framework is....
Define activities within capabilities
Assess Gaps and Training Opportunities
step-by-step instructions for implementing a process
Outsource IT capabilities
6
The Goal of IT Metrics are to guess what impact a company's investments in IT has the firm
True
False
7
A strategy plan should be...
Help adapt to change
Flexible
All of the above
Innovate
8
In terms of a SWOT analysis a Threat is...
An external benefit to the company in the future
The creepy guy that hangs out in the parking lot
An external harm to the business that could come
An internal service or function we need to improve
9
The strategy formulation phase includes...
Allocating resources
identifying external opportunities and threats
Measuring performance
methods by which strategies are executed in the organization
10
Measurement is a key component of the __________phase of IT Value Proposition
Conversion
Identification
Realization
11
IT Capability is...
step-by-step instructions for implementing a process
the organization's ability to create business value through its IT assets
The IT groups degree of proficiency
well-defined activities within capabilities
12
A Technology Roadmap's Gap Analysis...
identifies the required technology to create a desired state
Outlines the current state of technology
lists the responsibilities regarding the technology roadmap
Outlines the migration strategy
13
Return on investment
(
ROI
) - the gain or loss generated on
investment
relative to money spent
True
False
14
Who delivers the IT Value?
All of the above
Technology
Processes
People
15
...........help guide the technology roadmap development
The Technology Roadmap's Guiding Principles
The Technology Roadmap's future technologies
The Technology Roadmap's Technology Landscape
The Technology Roadmap's Migration strategy
16
Strategic Management is called the "art and Science of: (Slide 3, Module 1)
Thinking, Planning and Executing
Formulating, Implementing and Evaluating
Intuition, Analyzing and Evaluating
Storming, Forming and Norming
17
IT Competency is...
well-defined activities within capabilities
ability to marshal resources
The IT groups degree of proficiency
step-by-step instructions for implementing a process
18
What is IT value?
The worth of a technological process, service or product
Profits from tech used
Measured by the total amount of $ saved by using technology
Measured by the total amount of $ spent on technology
19
_______________Assess the internal work of the
IT organization
as a whole
Functional Measures
Enterprise Measures
Project Measures
20
_______________Assess the
performance of a project team
in delivering value to the organization
Enterprise Measures
Functional Measures
Project Measures
21
Two
of the three components of the
IT Value Proposition are
KPIs and ROI
Conversion and Realization
Win - Win and Win-Lose
Identification and Closing
22
IT value is expected to be realized within the first 6 months
True
False
23
In terms of a SWOT analysis a Weakness is...
An internal service or function performed poorly
The guy that forgets to bring in the weekly donuts
An external harm to the company in the future
An internal service or function performed especially well
24
In a SWOT, what is a strength?
The area staff are proudest of
An internal activity, skill or trait you do well
The area you have been focusing on the longest
Your highest money generator
25
Why do some firms fail to do Strategic Planning?
Too busy managing crisis
Poor reward structures / lack of motivation
Too expensive
All of the above
26
Name the missing stage of Strategic Management
Strategy Acceptance
Project Implementation
Strategy Completion
Strategy Evaluation
27
_________________
is the process of identifying opportunities for adding value to the business
Conversion
Identification
Realization
28
_________________
is the transformation of ideas and opportunities into IT value propositions.
Conversion
Realization
Identification
29
SWOT Analysis is used to...
exploit opportunities
avoid weaknesses
neutralize weaknesses
formulate strategies that support the mission
