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Vendor Evaluation Guide.

Info-Tech Advisor Newsletter

| October 03, 2000 | COPYRIGHT 2000 InfoTech Research Group. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Sources: TechnologyEvaluation.com White Paper

When it comes to strategic technology acquisition, mistakes can be costly.

Hard Facts:

* 80% of enterprise-level technology evaluations run over time and over budget.

* 50% of eventual technology implementations don't meet functionality and cost expectations.

Failings in the technology selection process can be mitigated with a structured and repeatable process that prioritizes evaluative criteria. Check out this summary of such a model developed by TechnologyEvalution.com (free registration required).

 
     Criteria                What it Means ...          Weight 
 
      Product         What the product actually          25% 
   Functionality      does in terms of functions and 
                      processes. 
 
      Product         Architecture and environment       15% 
    Technology        in which the product can run. 
 
   Product Cost       Both initial acquisition and       10% 
                      longer term total cost of 
                      ownership. 
 
 Corporate Service    Ability to provide                 20% 
    and Support       implementation services and 
                      ongoing support. 
 
Corporate Viability   Financial and management           20% 
                      strength of the vendor. 
 
Corporate Strategy    Timeline plan of how the           10% 
                      vendor will develop, sell, and 
                      support the product. 
 
     Criteria                 Things to Watch for ... 
 
      Product         Often ...
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Source: HighBeam Research, Vendor Evaluation Guide.

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