Economics Of Information Technology
Economic and Technological Trends - Moore’s law, Price-Performance Ratio. Productivity paradox. Issues of IT intangible benefits, categories of IT investments. Evaluating IT investments. Benefits, costs & issues such as net present value. Return on investment. Methods for evaluating & justifying IT…
Learning outcomes
At the end of the course the student should be able to: 1. display comprehension of the general advances in economic and other areas of organizational information and communication technology systems; 2. appreciate the implications of digital technological advancements on businesses; 3. display knowledge on the various methods of evaluating and justifying investments in IT facilities; 124 4. display skills of conducting investment appraisal of IT investments using the traditional and modern methods of investments analyses; 5. evaluate the strategy of benchmarking; and 6. demonstrate dexterity in applying IT economic strategies of outsourcing and charge-back methods.
Course contents
Economic and Technological Trends - Moore’s law, Price-Performance Ratio. Productivity paradox. Issues of IT intangible benefits, categories of IT investments. Evaluating IT investments. Benefits, costs & issues such as net present value. Return on investment. Methods for evaluating & justifying IT investments such as business case approach. New methods such as total cost ownership. Value analysis. Information economics. Benchmarking. Management by Maxim. IT economics strategies: Charge-back and outsourcing. ICT projects success and failure case analysis in Nigeria.