{"id":7044,"date":"2024-05-16T14:16:00","date_gmt":"2024-05-16T12:16:00","guid":{"rendered":"https:\/\/www.bamacgroup.com\/blog\/focus-on-value-creation-strategies-for-effective-it-value-management\/"},"modified":"2024-07-31T12:04:43","modified_gmt":"2024-07-31T10:04:43","slug":"focus-on-value-creation-strategies-for-effective-it-value-management","status":"publish","type":"post","link":"https:\/\/www.bamacgroup.com\/en\/blog\/focus-on-value-creation-strategies-for-effective-it-value-management\/","title":{"rendered":"Focus on value creation: strategies for effective IT Value Management"},"content":{"rendered":"\n<p>Even if it has felt like it for years: IT is not an end in itself, but the basis for companies to master the digital transformation and remain successful in the future. The solution for achieving this is effective IT Value Management strategies and therefore a focus on IT Value Contribution. <\/p>\n\n<p>If, on the other hand, IT is only seen as a cost factor, the <strong>opportunity for further development<\/strong> remains unutilised and all energy is spent on maintaining the status quo.<\/p>\n\n<p>And who wants to just maintain the status quo? <\/p>\n\n<p>Exactly.<\/p>\n\n<p>So what do we mean by IT Value Management? <\/p>\n\n<h2 class=\"wp-block-heading\" id=\"h-it-value-management-eine-definition\"><strong>IT Value Management &#8211; a definition<\/strong><\/h2>\n\n<p>Roughly speaking, we understand IT Value Management strategies as all the activities that contribute to selecting and managing the IT portfolio and future IT investments in such a way that they <strong>contribute to increasing the value of the company<\/strong>. <\/p>\n\n<p>Or to put it even more simply, in IT Value Management we organise <strong>all IT activities<\/strong> in terms of the value that they generate for the company. Of course, IT Value Management does not exclude the costs that IT generates.  Nevertheless, IT Value Management focusses on the value that IT generates for the company. <\/p>\n\n<p>Find out how to do this now.<\/p>\n\n<h2 class=\"wp-block-heading\" id=\"h-wie-funktioniert-es\"><strong>How does it work?<\/strong><\/h2>\n\n<p>In concrete terms, the main task is to create <strong>transparency<\/strong> within the company and to show which measures or projects have which <strong>effects<\/strong> on company processes and thus contribute to increasing the value of the company. <\/p>\n\n<h2 class=\"wp-block-heading\" id=\"h-effektive-strategien-im-it-value-management\"><strong>Effective strategies in IT Value Management<\/strong><\/h2>\n\n<h4 class=\"wp-block-heading\" id=\"h-transparenz\"><strong>Transparency<\/strong><\/h4>\n\n<p>In order to really be able to act with regard to the value contribution of IT, meaningful and <strong>comprehensible cost\/benefit reports<\/strong> are required for each component of the IT portfolio. These should be prepared in such a way that everyone in the company can understand them. Acting in the spirit of IT Value is a <strong>strategic (re)orientation<\/strong> that must be supported by the <strong>entire company <\/strong>in order to be successful in the long term.<\/p>\n\n<h4 class=\"wp-block-heading\" id=\"h-kontinuitat\"><strong>Continuity<\/strong><\/h4>\n\n<p>As is so often the case, the key to success lies in the continuous implementation of the agreed method. In order to live IT Value Management, companies need organisational <strong>structures<\/strong> with agreed processes, resources and responsibilities. In concrete terms, this means that <strong>continuous improvement processes<\/strong>, the promotion of <strong>employee skills<\/strong> and needs-based <strong>service levels<\/strong> may be necessary. The value contribution of existing IT structures can often be increased through changes to the organisation or usage.<\/p>\n\n<h4 class=\"wp-block-heading\" id=\"h-die-richtigen-kennzahlen-nbsp\"><strong>The right key figures<\/strong><\/h4>\n\n<p>In order to measure the contribution of your IT to your company&#8217;s value, you need the <strong>right key figures<\/strong>. At the BAMAC Group, we focus primarily on <strong>financial measurement<\/strong>.  Our <strong>end-to-end approach<\/strong> ensures that you get exactly the figures you need.   <\/p>\n\n<h4 class=\"wp-block-heading\" id=\"h-unternehmensbedarf\"><strong>Corporate requirements<\/strong><\/h4>\n\n<p>It is so fundamental that it doesn&#8217;t really seem necessary to mention it. Unfortunately, we regularly see in practice that this perspective is lost sight of or not fully realised. &#13;\nIn order for IT to make a significant contribution to the company&#8217;s value, it must be consistently adapted to the <strong>company&#8217;s needs<\/strong>. If these needs change in the course of time, this must also be reflected in IT. In IT Value Management, the aim is for <strong>IT<\/strong> to support the company&#8217;s production operations and processes <strong>one hundred per cent<\/strong> and not just a little.<\/p>\n\n<h4 class=\"wp-block-heading\" id=\"h-make-or-buy-politik\"><strong>Make or buy policy<\/strong><\/h4>\n\n<p>The question of <strong>make-or-buy decisions<\/strong> follows the alignment with the company&#8217;s needs. <a href=\"https:\/\/www.bamacgroup.com\/en\/blog\/case-study-increase-the-predictability-of-it-development-projects\/\">In this case study<\/a> we have explained in detail the significant influence these issues have on increasing the value of IT and also listed important decision criteria.<\/p>\n\n<h4 class=\"wp-block-heading\" id=\"h-altsysteme\"><strong>legacy systems<\/strong><\/h4>\n\n<p>The scope of IT Value Management also includes a <strong>critical review of legacy systems<\/strong>. Of course, not every older IT structure is automatically without value contribution, but in practice we often come across <strong>duplication of functions<\/strong> or much-loved systems that have long since been replaced by more efficient ones. Here it is important to critically assess the value added, because maintaining outdated systems simply because establishing new ones could be complicated is missing the point.<\/p>\n\n<p><strong>Basic<\/strong> information on <strong>IT Value Contribution<\/strong> and why establishing it is the decisive <strong>benchmark<\/strong> for your <strong>long-term success<\/strong> can be found <a href=\"https:\/\/www.bamacgroup.com\/en\/blog\/it-value-contribution-we-make-the-economic-benefits-of-it-plannable\/\">here<\/a>. <strong>Instruments and processes<\/strong> for a holistic integration of value contribution in companies are presented <a href=\"https:\/\/www.bamacgroup.com\/en\/blog\/it-value-management-the-operationalization-of-value-contribution\/\">here<\/a>.<\/p>\n\n<h2 class=\"wp-block-heading\" id=\"h-die-bamac-group-als-partner\">The BAMAC Group as a partner<\/h2>\n\n<p>Naturally, we at the BAMAC Group want to enable you to successfully implement these IT Value Management strategies without the hassle of trial and error. At the <a href=\"https:\/\/www.bamac-akad.de\/en\/\" rel=\"noopener\" target=\"_blank\">BAMAC Akademie<\/a> you have the opportunity to acquire additional qualifications in <strong>IT Value Contribution<\/strong> and to be trained as an <a href=\"https:\/\/www.bamac-akad.de\/en\/it-value-manager\/\" rel=\"noopener\" target=\"_blank\">IT Value Manager<\/a>. In various seminars, we take a concrete and practical approach to the IT value management strategies discussed above.<\/p>\n\n<p>However, if you want a reliable partner at your side, then we at the <a href=\"https:\/\/www.bamacgroup.com\/en\/about-us\/\">BAMAC Group<\/a> will be happy to assist you. We not only provide our customers with customised support, but also pursue an end-to-end approach. If you would like to find out more, please <a href=\"https:\/\/www.bamacgroup.com\/en\/contact\/\">get in touch<\/a> with us.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In this article, we will show you how IT Value Management can be used to select and manage the IT portfolio and future IT investments in such a way that they contribute to increasing the value of the company.<\/p>\n","protected":false},"author":5,"featured_media":4545,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,32,50],"tags":[105,35,6,80],"class_list":["post-7044","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-it-strategie-tansformation","category-it-strategy-transformation","category-it-value-management","tag-it-strategie-transformation-en","tag-it-value-contribution","tag-it-wertbeitrag","tag-it-wertbeitrag-en"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.0 (Yoast SEO v27.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>IT Value Management Strategies<\/title>\n<meta name=\"description\" content=\"Find out about effective IT Value Management strategies for increasing the value of a company&#039;s IT portfolio here!\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.bamacgroup.com\/en\/blog\/focus-on-value-creation-strategies-for-effective-it-value-management\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Focus on value creation: strategies for effective IT Value Management\" \/>\n<meta property=\"og:description\" content=\"Find out about effective IT Value Management strategies for increasing the value of a company&#039;s IT portfolio here!\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.bamacgroup.com\/en\/blog\/focus-on-value-creation-strategies-for-effective-it-value-management\/\" \/>\n<meta property=\"og:site_name\" content=\"BAMAC Group | IT Value Growth\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/BAMACGroupGmbh\" \/>\n<meta property=\"article:published_time\" content=\"2024-05-16T12:16:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-07-31T10:04:43+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.bamacgroup.com\/wp-content\/uploads\/it-value-transformation-web.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1500\" \/>\n\t<meta property=\"og:image:height\" content=\"1000\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Sandra Rehle\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":[\"Article\",\"BlogPosting\"],\"@id\":\"https:\\\/\\\/www.bamacgroup.com\\\/en\\\/blog\\\/focus-on-value-creation-strategies-for-effective-it-value-management\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.bamacgroup.com\\\/en\\\/blog\\\/focus-on-value-creation-strategies-for-effective-it-value-management\\\/\"},\"author\":{\"name\":\"Sandra Rehle\",\"@id\":\"https:\\\/\\\/www.bamacgroup.com\\\/en\\\/#\\\/schema\\\/person\\\/6b144903e8dfea08835fc615c20a8916\"},\"headline\":\"Focus on value creation: strategies for effective IT Value Management\",\"datePublished\":\"2024-05-16T12:16:00+00:00\",\"dateModified\":\"2024-07-31T10:04:43+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.bamacgroup.com\\\/en\\\/blog\\\/focus-on-value-creation-strategies-for-effective-it-value-management\\\/\"},\"wordCount\":838,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/www.bamacgroup.com\\\/en\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.bamacgroup.com\\\/en\\\/blog\\\/focus-on-value-creation-strategies-for-effective-it-value-management\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.bamacgroup.com\\\/wp-content\\\/uploads\\\/it-value-transformation-web.jpg\",\"keywords\":[\"IT Strategie &amp; 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