IT Rolls Up Costs To Compare Vendor Alternatives
An insurance company wanted to upgrade the imaging system in it's Claims department. As part of the project justification, information technology costs were calculated for each vendor's solution to enable decision-makers to compare the investment level necessary with the expected benefits for each alternative.
ProjectLead worked with the different areas within IT to gather an itemized list of costs: servers, desktops, applications, networks.
ProjectLead spearheaded the gathering of costs from RFP responses and then meetings with each vendor to itemize the software portion of the project.
ProjectLead presented the overall project financial picture to the executive management team.
RESULTS
Holding Vendors Accountable
Making vendors itemize all costs revealed a number of hidden costs not readily apparent from their RFP responses.
Working as a Team
Teams from different departments all working on something bigger than themselves created momentum that was felt on other projects.
Seeing All Costs
Rolling up all costs eliminated the need to try and roll up dissimilar pieces to get to the complete picture.
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