Indicators of Good Practice
The following indicators would point to good practice in relation to the financing of information systems:
- Guidelines on purchasing IT and software which are applied consistently across the institution.
- Use of tendering for significant purchases.
- Membership of purchasing consortia
- Summary annual reports on expenditure on all information systems and IT systems across the institution.
- Translation of the information strategy into costed implementation plans.
- Use of Cost/Benefit Analysis and Option Appraisal techniques to inform decisions on major investments.