MIT 525 - Financial Decision Making for Management

IT planning, system development and operations, issues cannot be separated from financial, considerations. Anyone involved with strategic, planning and operation needs to understand the, impact of their work on the organization’s bottom, line. Projects may either enhance or degrade cash, flow and IT managers must understand the, implications to corporate profitability. Managers, must understand how the organization’s financial, models work in order to make a meaningful, contribution to the overall success of the, organization. This course surveys the elements of, financial management and their impact on the IT, function. Financial options are considered along, with the special constraints imposed by IT, activities. Tools required to develop successful, business cases and modeling and simulation tools, will be introduced.
Prerequisites: MIT-500 or MBA-500
Credits: 3