All entries for Friday 13 March 2009
March 13, 2009
Today after my team's presentation, Paul (or Mr. John Excellence ;P) raised the question about payback period if Waveriders invest in IT facility to support the KM. I dont think we can say it's gonna be one yeay, two years or whatever figures we can think of. Eventhough we might find the article to proove these figures, i totally do not belive. Because every company has their own unique charactor and culture. Moreover, the payback might not be in term of cash only. For example, if you buy a computer for your childrens for their study, how can you say "what is the period of payback going to be?". Obviously, IT facilities help business improve its performance but we cannot measure it directly from return on inestment. There are so many change that IT facilities could make such as cultural issue, company reputation, employee satisfaction, etc. So, i could say that eventhough there are articles that shown the study of return on investment in IT facility to support KM , i still not believe that we can use them as a reference for other companies.
today we've done the KBAM module already. this module is almost the last module of our course. I still remember the time we first had mini-projects in CBE module. time goes by so fast, it was 4 or 5 months already since the CBE module. Today, everyone in our class have done a good presentation and it was the last presentation of our course.
Today, as one of board members, i'm going to ask some question but the time is insufficient. However, i'm going to write it down here. in the presentation, Abhi mentioned about the predictive maintenance and the technique called "ultra sonic" or something like that. at that moment, i was thinking about the cost of investment in predictive maitenance and its return on investment. Since Wavewriders is a SME company, i dont think this advance technology will be fitted in such small size business (sorry about my opinion, Abhi). Moreover, if i were a board director, i'm not going to invest such high money in too advance technology which i cant see the return from it.
In addition, presentation today remind us that the board directors always think about financial term and payback from their investment. From my little work experience, this was very very true and some time they might be too crazy about the figures thing. Some people in management level always try to cut cost as much as possible without any study or research and it leads to terrible results. But it still happens......they should learn something from mistakes but not.
Time for PIUSS now....OMG i have only 2 days and 1 night left!!! have to pay so much attention on it.
Have a nice holiday my classmates. :)