Who Should Evaluate the Potential Benefits of IT-Enabled Investments?
Question
Of the following, who is MOST appropriate to evaluate the potential benefits of an IT-enabled investment?
Answers
Explanations
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A. B. C. D.D.
The most appropriate person to evaluate the potential benefits of an IT-enabled investment would be the Business Sponsor, who is responsible for initiating and funding the investment project. The business sponsor is the primary stakeholder who has the most to gain or lose from the success of the investment.
The business sponsor has the necessary domain knowledge and understanding of the business requirements, goals, and objectives, and can provide insight into how the IT-enabled investment aligns with the business strategy. The business sponsor is also responsible for defining the expected benefits, including increased revenue, reduced costs, improved customer satisfaction, and competitive advantage, and for ensuring that these benefits are realized.
The Portfolio Management Officer is responsible for overseeing the entire portfolio of investments, including prioritization, selection, and monitoring, but may not have the specific domain knowledge or understanding of the business requirements to evaluate the potential benefits of an individual IT-enabled investment.
The External IT Auditor is responsible for providing an independent assessment of the effectiveness and efficiency of the IT governance, risk management, and control processes, but may not have the necessary understanding of the business requirements or the investment project to evaluate the potential benefits.
The Chief Information Officer (CIO) is responsible for the overall management of the IT function, including the development and implementation of IT strategy, policies, and procedures, but may not have the specific domain knowledge or understanding of the business requirements to evaluate the potential benefits of an individual IT-enabled investment.
Therefore, the Business Sponsor is the most appropriate person to evaluate the potential benefits of an IT-enabled investment, given their knowledge of the business requirements and goals, and their responsibility for initiating and funding the investment project.
