An Extended AIAC Framework with Tools and Techniques Used in Each Step (RAIAC)

Authors

  • Murphy Devaraj Massachusetts Institute of Technology
  • Geldenhuys Epstein New Jersey Institute of Technology

Abstract

One of the reason businesses fail to realize intended payoffs from their information technology (IT) investments is the inability of most organizations to effectively manage potential risks. I present a framework to conceive and implement an IT investment's payoffs, by extending the AIAC framework to achieve the payoffs, and measure the actual outcomes. The four items in the AIAC framework are Alignment, Involvement, Analysis and Communication. The study is purely qualitative in nature. In-depth desktop literature review is conducted by extending the AIAC to include risk management. A critical analysis of the past models is established to identify the knowledge gaps.

Keywords: AIAC framework, risk management, IT Implementation, RAIAC framework

References

Ali, S., Green, P., & Robb, A. (2015). Information technology investment governance: What is it and does it matter?. International Journal of Accounting Information Systems, 18, 1-25.

Benaroch, M. (2002). Managing information technology investment risk: A real options perspective. Journal of management information systems, 19(2), 43-84.

Chae, H. C., Koh, C. E., & Prybutok, V. R. (2014). Information technology capability and firm performance: contradictory findings and their possible causes. Mis Quarterly, 38(1), 305- 326.

Chen, Y., Wang, Y., Nevo, S., Jin, J., Wang, L., & Chow, W. S. (2014). IT capability and organizational performance: the roles of business process agility and environmental factors. European Journal of Information Systems, 23(3), 326-342.

Coltman, T., Tallon, P., Sharma, R., & Queiroz, M. (2015). Strategic IT alignment: twenty-five years on.

Coskun, Y. (2012). Financial failures and risk management. Sermaye Piyasası Dergisi, 10(2), 100-109.

Dabari, I. J., & Saidin, S. Z. (2014). A theoretical framework on the level of risk management implementation in the Nigerian banking sector: The moderating effect of top management support. Procedia-Social and Behavioral Sciences, 164, 627-634.

Gunawan, H., & Serlyna, S. (2018). Impact of Information Technology Investment to Financial Performance on Banking Sector. Journal of Applied Managerial Accounting, 2(1), 41-46.

Henfridsson, O., Mathiassen, L., & Svahn, F. (2014). Managing technological change in the digital age: the role of architectural frames. Journal of Information Technology, 29(1), 27-43.

Ho, J. L., Wu, A., & Xu, S. X. (2011). Corporate governance and returns on information technology investment: Evidence from an emerging market. Strategic Management Journal, 32(6), 595-623.

Huang, S. Y., Lee, C. H., Chiu, A. A., & Yen, D. C. (2015). How business process reengineering affects information technology investment and employee performance under different performance measurement. Information Systems Frontiers, 17(5), 1133-1144.

Huang, S. Y., Lee, C. H., Chiu, A. A., & Yen, D. C. (2015). How business process reengineering affects information technology investment and employee performance under different performance measurement. Information Systems Frontiers, 17(5), 1133-1144.

Lee, H., Choi, H., Lee, J., Min, J., & Lee, H. (2016). Impact of IT Investment on Firm Performance Based on Technology IT Architecture. Procedia Computer Science, 91, 652-661.

Maes, K., De Haes, S., & Van Grembergen, W. (2012). IT value management as a vehicle to unleash the business value from IT enabled investments: A literature study. International Journal of IT/Business Alignment and Governance (IJITBAG), 3(1), 47-62.

Murphy, T. (2002). Achieving Business Value from Technology: A Practical Guide for Today’s Executive. Hoboken: John Wiley & Sons.

Rabechini Junior, R., & Monteiro de Carvalho, M. (2013). Understanding the impact of project risk management on project performance: An empirical study. Journal of technology management & innovation, 8, 6-6.

Rai, A., & Tang, X. (2014). Research commentary—information technology-enabled business models: A conceptual framework and a coevolution perspective for future research. Information Systems Research, 25(1), 1-14.

Wu, D., & Olson, D. L. (2010). Enterprise risk management: Coping with model risk in a large bank. Journal of the Operational Research Society, 61(2), 179-190.

Downloads

Published

2020-03-07

How to Cite

Devaraj, M., & Epstein, G. (2020). An Extended AIAC Framework with Tools and Techniques Used in Each Step (RAIAC). Journal of Information and Technology, 4(1), 13–22. Retrieved from https://stratfordjournals.org/journals/index.php/Journal-of-Information-and-Techn/article/view/471

Issue

Section

Articles