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The Project Business Case: Navigating the Territory Where IT Meets Finance
After receiving an MBA and returning to the technology world, you often wonder where those frustrating finance and accounting classes will be of benefit. After all, this is Geek Central, where data center wires meet java programmer extraordinaires.
Fortunately, for those quant jocks, both finance and cost accounting skills are of paramount importance as you move up the IT food chain. You will feel right at home with your favorite terms like NPV, TARR and Cost Allocation. In the area of projects, nowhere is finance more important than in building the project’s business case. Being able to accurately describe what impact a project will have on a company’s bottom line is absolutely critical in securing financial buy-in and project approval. So for those of you who are not MBAs, are of “true” IT blood and have been assigned the daunting task of building your project’s next business case, this one’s for you.
Project Expenditures
A project represents a monetary investment that a company undertakes to drive some return to its bottom line. Project expenditures are the money it costs the company to execute a project. Project expenditures are divided into three categories: capital expenditures, one-time project expenses and ongoing operating expenses.
Capital expenditures are those project expenditures that are one-time and are directly tied …
Project Expenditures
A project represents a monetary investment that a company undertakes to drive some return to its bottom line. Project expenditures are the money it costs the company to execute a project. Project expenditures are divided into three categories: capital expenditures, one-time project expenses and ongoing operating expenses.
Capital expenditures are those project expenditures that are one-time and are directly tied …
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