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Recommendations for MDCM Corporate Board - Research Paper Example

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The following paper highlights that MDCM is recognized as one of the leading contract manufacturers of medical devices. It had been leading name in this sector for a considerable period of time, however primarily due to inappropriate IT usage in its operations faced hard times…
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Recommendations for MDCM Corporate Board
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Download file to see previous pages Along with defining, prioritizing and framing useful recommendations, the paper constitutes a scorecard in order to evaluate each prioritized projects and also comparing the prescribed projects using the Portfolio Application Model Matrix (Jeffery, M. & Norton, J. F., “MDCM, Inc. (B): Strategic IT Portfolio Management”). The MDCM corporate board should keep prime focus upon defining, initiating and prioritizing top IT projects that should support or help MDCM’s strategic business goals in order to compensate huge losses that the organization faced during the last five successive years. In this connection, the MDCM board should assess their prioritized projects initiative that would ultimately provide high value and low risk towards the business organization. Moreover, the corporate board of MDCM should lay emphasis upon the long-term competitive advantage of the organization along with tackling the risk issues that are mainly associated or related with them (Jeffery, M. & Norton, J. F., “MDCM, Inc. (B): Strategic IT Portfolio Management”). The most appropriate IT project initiatives that MDCM analyses can become a part in order to improve its global IT. The organization took the initiative on unifying its methodology and technical values. The corporate team of MDCM wanted to eliminate the numerous different standards and IT methodologies that are prevailing across the company. This approach would help them to reduce the project sequence and encourage information distribution across IT development teams. This initiative was very much essential for MDCM in order to improve the future system development capability of the organization (Jeffery, M. & Norton, J. F., “MDCM, Inc. (B): Strategic IT Portfolio Management”).
The other significant project initiative of MDCM is the implementation of ‘enterprise resource planning’ (ERP) which eventually improves the reorganization of the production facilities along with the activities of the suppliers. ERP is an enterprise-wide information system which incorporates and controls all the business methods in the organization. It also enables an organization in order to control the well-organized and proficient use of resources by providing an entire and incorporated solution for the organization’s information processing requirements (Fawaz & Et. Al., “Critical Success Factors In ERP Implementation”). ...Download file to see next pagesRead More
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