Various potential benefits of budgets & budgeting such as: coordinating business and service operations plan ahead – often reveals need for action which may have been otherwise forgotten learn – effective budgeting systems contain feedback loops motivating managers budgetary targets focus attention Performance judged against targets – must be achievable, Continue Reading
Process
Budgeting framework and standard costing framework are similar: plans set performance targets established outcome measures compared against targets corrective action taken if required Organisation should have corporate strategy, based on that: set of business/service strategies operational strategies business/service action plans Organisations within parts of public service which are not businesses Continue Reading
Target Setting
Important financial technique – setting goals & objectives. Managers use financial targets to monitor & assess success of financial control mechanisms. Typical targets deal with sales volumes & expenditure levels, achieved via budgeting techniques. Key principles around budgeting targets revolve around historical comparisons e.g. year-on-year. Able to determine operational trends Continue Reading
Different Strategies
Several other strategies need to be developed after business strategy has been agreed. Strategies of interest to I.T. department are: Information strategy – defines information required to support business strategy. States ‘what’ info required, ‘when’ required, ‘where’ requires and ‘who’ requires it. Human resource strategy – defines required human resources: Continue Reading
Strategic Planning
Developing a long term plan for organisation to attain goals. Long term is subjective, may mean anything from three or four years to ten years depending on the industry. Involves analysing current skills/competencies of internal resources and comparing to environment in which organisation is competing. Strategic planning will involve analysing, Continue Reading
Legacy Systems
Since Internet became accepted technology, systems developed pre-Internet could be deemed legacy. Organisations may have legacy systems as they have invested in them and may still be critical to operations. May be old or outdated technologies – can have specific requirements e.g. skill sets or support which could bring increased Continue Reading
Technology Acceptance Model
Commonly used for evaluating technologies. Uses criteria “perceived usefulness” and “perceived ease of use” to model how technology may be accepted in organisation.
Implementation of New Technologies
Many areas to consider when planning implementation of new technologies. Link to business strategy – most important – how will new tech link to business strategy? Business strategy – statement of organisations goals and objectives. New acquisitions must contribute toward this. Technology needs to be considered in terms of: If it Continue Reading
ORA-10873: file 1 needs to be either taken out of backup mode or media recovered
Over the weekend, one of our Windows Oracle database servers suffered a power failure the same time it was being backed up by CommVault Oracle client. This left the database in a state where it wouldn’t start up, to rectify this, the following steps should help. Open a DOS window. set Continue Reading
Areas to Consider When Upgrading Technology
Considerations when upgrading technology: What is the upgrade? Fix issue(s) in current technology Is issue impacting organisation? Is there new functionality? If so, is it required now or in future? Has support been removed for previous versions? Support for older technology only lasts for a certain time Are there dependent Continue Reading