As a CIO or CTO, how do you balance your desire to deliver the very best application (which might be quite expensive), with the business' budget constraints?

Top Answer : The matter of the fact is that ROI is a very important part of any implementation. That being said, there may be some leverage given for some good to have features. CIO must have holistic viewpoint and objectively decide the best (does not mean the very best software but the software which will be the best buy for the company) option for the company.  We have at times procured state of the art solutions, only to use 20-30% of its functionalities as that is all needed to meet organization's requirement.

Black Monitor
Oil, Gas and Mining
The matter of the fact is that ROI is a very important part of any implementation. That being said, there may be some leverage given for some good to have features. CIO must have holistic viewpoint and objectively decide the best (does not mean the very best software but the software which will be the best buy for the company) option for the company.  We have at times procured state of the art solutions, only to use 20-30% of its functionalities as that is all needed to meet organization's requirement.
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