To ensure that the process of developing a business case for IT-enabled investments continually supports benefits realization, the benefits expected from investment programs must be actively managed through:
Consequently, a key barrier to understanding benefits realization is the difficulty determining when and how business benefits are substantially realized. In many cases there is a significant amount of time between the investment decision and the time benefits are realized. This entire life cycle includes areas such as identifying business requirements, developing a clear understanding of potential investment programs, analyzing alternative approaches, identifying benefit details throughout the full economic life cycle of the investment, assigning clear accountability and ownership, managing each program through its full economic life cycle, and, finally, monitoring and reporting on the performance of each program.
Answer should be A. GEIT ensures benefit realization to the stakeholders by optimizing risk and resource utilization. This approach covers the economic life cycle of IT investment, provides immediate value to the stakeholders and is practical to the practitioners in the field.
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