Posting a title like that invites the cynical among us to insert terms like “cost” and “expense.” But let’s look beyond the budget line to the business value of IT. This post at ZDNet’s Between The Lines gives a few measures and ideas for defining, calculating, and getting the maximum value of IT. We couldn’t agree with the post more when they state that there is “no such thing as an IT project. They are all business projects.”

IT Projects should not be defined by whether something was simply installed, or deployed, but whether the installed application or system creates leverage that creates efficiencies or opportunities. Value comes from impact: are processes faster and smoother because of the IT project, saving time and money; or does it generate value for the customers which translates into sales or fees?

How do you know? Use metrics such as cost reductions and increased revenue. Time savings is often a gold standard in law and professional services since it invariably directly equates to billable hours or overhead. You will have to be creative in finding metrics for returns because the generated value aren’t easily quantified, unlike the upfront investments that are measured in cold, hard cash.

They also echoed something we have mentioned many times before, the value of marketing your successes. So while every project may be a “business project,” blame for poor projects becomes easily assignable. “Every time it’s wrong it’s and IT project.”