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Meme Name:Technical Due Diligence
Category:consultancy
Related Concepts:
  • risk management

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    Core Concept
    A critical evaluation of the technical fitness of an organisation, department or system. Often the prelude to an investment decision.
    investigation
    Data collection from interviews, internal reports, product reviews, industry surveys, analyst reports, company accounts,
    environment
    Hardware, software and networks. Investigate its history and plans for orderly change amidst the flux. Are there the right tools to execute the product and service strategies?
    awareness
    Of emerging technologies, competitors, potential threats
    improvement
    Budgets for product, staff development. History and success of past roll-outs.
    infrastructure
    Good corporate IT? Organisation has well-defined boundaries of responsibilty?
    uniqueness
    Differences to competitors - which trade-offs have been made (e.g. pick 2 of Good/Fast/Cheap). What IP rights are held?
    R&D
    Is there research capability for incremental improvements or breakthroughs? What is development capability, quality of builds and response to bugs?
    operations
    Are operations efficient? Any scope for savings?
    personnel
    Quality of engineers and management. Who are the key people and how commited are they?
    evaluation
    Evaluators must be objective. Will candidly report their finding and produce an assessment of benefits and risks.
    direction
    Where is technology now, where is it going?
    benefit-risk
    Anticipated pay-offs versus the manageable risks. A continuum of low/low to high/high.

    Author: Jaron CollisLast modified: Wednesday, 8 October 2003 at 5:48 PM