Title: An alternative IT investment framework based on university learning model in asset management
Authors: Annop Thananchana; Tirapot Chandarasupsang; Nopasit Chakpitak
Addresses: College of Arts, Media and Technology, Chiang Mai University, 239 Huay Kaew Rd, Muang Chiang Mai, 50200, Thailand ' College of Arts, Media and Technology, Chiang Mai University, 239 Huay Kaew Rd, Muang Chiang Mai, 50200, Thailand ' College of Arts, Media and Technology, Chiang Mai University, 239 Huay Kaew Rd, Muang Chiang Mai, 50200, Thailand
Abstract: Ideally with no constraints on the budget, an investment in information technology should be easy and straightforward. Conventional method for the IT investment is adapted from the existing financial techniques which focus mainly on the returns from the assets invested. However, due to specific natures of an IT asset, financial techniques may become inappropriate and misleading. This paper proposes an alternative investment framework for the information technology assets by utilising the experiences of experts since its installation. To utilise these experiences in the proposed investment framework, the learning curve is constructed and represents as the organisational learning model in costs, performance and risks according to the asset management framework. College of Arts, Media and Technology within Chiang Mai University is used as the case study. The results have shown that the alternative investment framework performs better than conventional evaluation methods and leads to the most suitable investment option.
Keywords: CommonKADS; knowledge engineering; organisational learning; university IT; IT asset management; information technology; IT investment; higher education; Thailand; investment options.
International Journal of Innovation and Learning, 2017 Vol.21 No.1, pp.69 - 97
Received: 27 Jan 2015
Accepted: 03 Jul 2015
Published online: 06 Dec 2016 *