Business Value of IT Excel Calculator
Originally published: 02/04/2019 09:00
Last version published: 16/12/2019 07:04
Publication number: ELQ-99791-2
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Business Value of IT Excel Calculator

The Business Value of IT Calculator (BVIT) is a very simple and intuitive approach that any executive team can use.

Description
The Business Value of IT Calculator has been developed to help in these ways:

1. Understand how technology could impact leading indicators of business value in your organization.
2. Assess the business outcomes of technology in your business on a relative scale and point you in the right Direction.
3. Identify your IT strengths to leverage them and your IT weaknesses to improve upon them.
4. Help you and your team get a better grasp of ways to use technology to create value for your business.

The Business Value of IT Calculator (BVIT) is a very simple and intuitive approach that any executive team can use to understand where the company stands on its utilization of IT. Almost all business functions use IT to some degree. Therefore all functional business executives should have a view of how well IT is serving their needs as well the overall business needs. The BVIT uses a very intuitive survey approach to ask 10 questions of the executive team and aggregates results to get an aggregated composite rating of value from IT.

If you have any questions or stumble along the way please reach out to us at CFO.University. You wouldn’t be here if you didn’t believe professional growth was critical to your success. We wouldn’t be here if we couldn’t help you accomplish that.

This Best Practice includes
1 Excel file

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