Deliverables
Methodologies make the difference
OnX consultants employ a strict, well-designed methodology to capture and validate information about both physical and financial assets. The successful deployment of a Technology Cost Management solution depends on the initial creation of an accurate financial baseline of the complete IT Infrastructure and its supporting resources within the TCM software.
OnX is proud to offer Technology Cost Management, a solution that addresses the challenges of Asset Management, IT Governance, Investment Justification and Cost Management in one comprehensive suite. This powerful suite of software products not only enable the creation of an intelligent repository of IT assets and their financials, but allow you to:
· Mine the database to identify major cost contributors and growth trends
· Establish cost effective, asset life cycle program and strategy
· Perform dynamic allocation or grouping of costs by technology, business unit, business application, cost centre, location or activity
· Perform advanced costing for projects, strategic investment decisions, budgeting, internal price books for shared infrastructure services, TCO baselines
· Rapidly identify and quantify opportunities for cost reduction
· Establish an up to date and accurate asset register
· Financially model “what if” scenarios to transform the existing asset base
· Rapidly identify synergies during merger and acquisition activity
Specifically OnX adheres to the following phases in helping organizations implement a successful Technology Cost Management solution:
Infrastructure Audits
- Project Organization
- Environment Analysis
- Inventory Validation
- Financial Mapping
TCO Analysis
- TCO Reporting and Validation
- TCO Isolation and Projection
- Architectural Analysis
- Risk Analysis
- GAP and Opportunity Analysis
Solution Building
- Scenario Definition
- Scenario Validation
- Data Mining
- Financial Modeling
- Architectural Modeling
- Architectural Vision Preparation
This methodology has been developed to reflect the reality of our clients' business environments.
The methodology focuses on the due diligence of collecting, organizing, and validating all physical and financial data, assumptions and conclusions, on teamwork and the creation of a motivated high-performance team of skilled consultants. OnX builds project delivery teams comprised of project managers, chief architects, financial analysts, and technology subject matter experts and adhere to the following principles:
- Top Talent - OnX utilizes the best resources available.
- Job Matching - OnX fits the tasks to the skills of its team members.
- Team Balance - OnX assembles a group of people who can work together and harmonize as a team.
Characteristics of OnX's consulting team include:
- A shared, elevated vision or goal
- A sense of team identity
- A result driven structure
- Competent team members
- Mutual trust
- Interdependence among team members
- Effective communication.
The demand for Technology Cost Management solutions has grown significantly due to IT governance legislation, the return to a profitability focus, and the global need for responsible and effective cost management.
Once implemented, the result is clear: a well-documented and validated financial and IT architectural baseline that can be used to develop and implement Technology Cost Management policy and change management processes.
To arrange for a demonstration of the TCM software or speak with our TCM account team, contact 1-866-700-4OnX.
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