Information Technology Management, Research Paper Example
Words: 717Research Paper
The process of decision analysis is done to develop the model of decision making at the organization on information technology. In the organization the model will be used mainly in identifying decision of objectives and the level of the situation. It will also be helpful in identifying the solutions as well as the alternatives. The process of decision analysis includes performing analysis of the management of the information technology financial costs and evaluating whether there is any alternative that may be needed for effective implementation. Each type of technology should be estimated at an annual uniform cost that is equivalent. This is done as an element of analyzing economical cost while evaluating the benefits that will be brought by management of information technology in the organization (Eiser, 1988). The process of decision model goes on with identifying the situation while at the same time understanding objectives required in the situation.
Evaluation methods of decision analysis model
Choosing the best alternative goes by evaluating the values that are comparing the alternatives with economical analysis whereby the best alternative that should be considered is the one that has highest value and lowest cost. Sensitivity analysis is also conducted so as to identify the possible results of the alternatives. The analysis also helps in identifying factors that are most critical in the economic analysis (Ghemawat, 1991). Most businesses must be affected by risks and therefore the decision process should consider measures to be taken in the case where the risk affects the processes of the organization. The model of decision analysis also evaluates all costs that are required to cover the project as well as the benefit and economic growth the organization will attain. The organization can also decide to take a risk decision making in order to achieve its objective. The organization will be able to solve its problem by evaluating and at the same time comparing various alternatives to solve the identified problems. Several objectives for the process of decisions are analyzed and each objective divided according to its means and importance to the organization (Goodwin & Wright, 1998). Economic analysis is also evaluated since it will help the organization in coming up with various kinds of new technology that are subject to lifecycle of the project management.
Decision analysis and project management process
The effectiveness of project management is ensured if there is adequate coordination in a group organizational structure and working as a team to increase organizational performance. Decision analysis model helps to understand all concepts surrounding organizational management of its projects (Biswas, 1997). It analyses the objectives for the project management. If there is any problem in existence it will help the decision maker in coming up with effective alternatives that will try to solve the problem. By making a decision under risk, it will commit the organization to work under degree of uncertainty. There are certain situations whereby important information concerning project management may be located in a system of other organizations. Majority of organizations don’t share organizational information even if it is related for their common goal (Driver, Brousseau & Hunsaker, 1990). Technological information tools help in analyzing the problems that are based on the process of developing up project management and means of how to address challenges that face the process.
Decision analysis and the organizational effectiveness
The organizations make successful investments through the means of using information technology methods. This has resulted to a need of evaluating decision analysis model on the organization’s objectives. Goals of project management that are in line with information technology have also been effective (Flin, 1997). The organization has successively attained objectives of the project management by use of clearly stated decision analysis models. Through these models it has identified the problems underlying the situation and provided alternatives of solving the problem. The organization has effectively used these models in attainment of its goals in project management
Biswas, T, (1997). Decision Making Under Uncertainty, St. Martin’s Press
Driver, M, K, Brousseau, & Hunsaker, P., (1990). The Dynamic Decisionmaker: Five Decision Styles for Executive and Business Success, Harper & Row publications
Eiser, J, (1988), Attitudes and Decisions, UK, Routledge press
Flin, R., (1997). Decision Making Under Stress: Emerging Themes and Applications, Ashgate publishers
Ghemawat, P., (1991). Commitment: The Dynamic of Strategy, Maxwell Macmillan Int. press
Goodwin, P. & Wright, G., (1998). Decision Analysis for Management Judgment, Wiley publishers
Time is precious
don’t waste it!