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The Exploratory Study on IT Investment Management of the Public Sector Based on Forecasting  

Lee, Jae-Du (Korea Information Society Agency)
Park, Sae-Gue (Korea Information Society Agency)
Publication Information
Journal of Information Technology and Architecture / v.11, no.1, 2014 , pp. 1-10 More about this Journal
Abstract
From 2004 to 2013, the annual investment for the ICT sector in Korea amounted to about 3.2 trillion won. Depending on whether the government policy allowed for budget increases and/or decreases, this impacted the investment in the ICT sector. In particular, the fixed costs of operation and maintenance lead to a reduced chance for a new potential demands in IT programs. Even though a situation may exist that there are insufficient funds available, there is a need for building a sustainable long-term IT investment management system. The purpose of this study is to conduct basic research for the arrangement of preparation to meet IT needs required in the public sector. For this, this paper introduces the concept of IT Investment Management based on prudent forecasting. After both foreign and domestic relevant cases are reviewed, implications will be derived from the aforementioned cases. Through this process, the direction of IT Investment Management based on forecasting for the IT projects decision making will be suggested. These research results could be used for helping to develop better policies and a more efficient management of the public sector IT budget.
Keywords
Enterprise Architecture; forecasting; ICT investment management; EA utilization;
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