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