Read each question thoroughly; submit the term, phrase, true/false or explanation that best fits.
1- Fill in the blank (4pts each)
* The worth or desirability of a thing, subjectively assessed or calculated:
*. The supervision and cataloguing of applications and associated metadata (to include distinct data stores used by other applications):
* Translation, Tailoring, Transparency, Thinking, Talking and:
*. The category of spending used for investment when maintenance costs are less than 100% of the IT budget:
*. Specific enterprise product used as a tool to shape the company’s IT demand:
*. The model based “bridge” between business and IT that helps identify duplicate solutions:
* Name three techniques for root cause analysis:
*. The two key categories of IT budgets:
*. The three components delivering IT value:
*. The three fundamental factors to balance when selecting the right projects:
*. The two categories of risk mitigations:
*. The two general categories of a qualities that make a good IT leader:
2- True/False (3pts each)
*. Within a company, internal IT demand normally exceeds supply. T or F.
*. Business benefits are not expected during the deployment of new technology. T or F.
*. Intelligent use of data makes organizations slightly more likely to be top performers. T or F.
*. Realizing IT value is the IT value proposition component that is most often ignored. T or F.
*. Using IT for customer service will improve customer experience. T or F.
*. Traditional budget cycles are a barrier to effective IT strategy development. T or F.
*. Compelling business opportunity is a justifiable reason to deviate from standard governance. T or F.
*. It is more crucial that the Business team learns IT than the IT team learns the business. T or F.
*. A greater number of competitors in an industry increases the amount spent on IT/org. T or F.
*. The business model explains how the different pieces of the business fit together. T or F.
*. Legacy maintenance normally accounts for 50% of the IT budget. T or F.
*. Decentralizing IT management is a common mechanism for lowering IT costs. T or F.
*. Estimates show that a majority of data are structured. T or F.
*. Artificial intelligence is best focused on a narrow problem with a lot of relevant data. T or F.
*. Collaborative software represents one-fifth of most organizations’ technology budgets, because business leaders can maturely quantify its business value. T or F.
*. Strong partnership across Business-IT includes having either utility and technology partners or technology and business partners to ensure successful IT demand. T or F.
* Agile development is the SDLC recommended approach for large scale projects. T or F.
*. Industry standard estimation for testing level of effort is 10% of development resources.
T or F.
*. Governance is a mechanism largely grounded in the discipline of economics. T or F.
*. Flexibility often comes as a tradeoff for process rigor. T or F.
3- Short answer
1. You are a manager at a small but growing innovative company. (20pts)
A. Name the tools of demand management.
B. Which tool(s) do you employ for managing your IT demand in this scenario and why?
2-. You are the CTO of a medium-sized retail company (1000 employees) in a competitive landscape. Your IT budget is $5M annually. (20pts)
A. Name the 5 types of IT projects.
B. Allocate your annual IT budget (including across the different types of IT projects).
C. Generate a prioritization rubric including what measures will be used for evaluating projects, how that evaluated and how realization would be factored into the process.
3. You are starting up an app development company! You are not a developer but had a good idea and rather than bootstrapping, you pitched your business plan (or canvas) and received a contingent offer of $2M in angel investment if you can show that you will intelligently allocate the money. (20pts)
A. List the IT functions you need.
B. List the sourcing option for each.
C. Justify your approach (you are not required to justify each choice, can be overarching or as you see fit).
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