FAST: Value Creation through Technology Investment Management

Firms such as General Motors facing difficult competitive conditions must choose a number of technological investments from a broad range of opportunities. The FAST methodology rationalizes the technology selection and implementation process. FAST applies Root-Cause-Analysis for the identification of Root-Problems and Core-Competencies. Potential technological investments are developed into scenariosand their Key-Success-Factors are identified. Gap analysis assesses the risk related to the investment in each technology, The risk is defined as the Gap between the organizations available technological assets and the factors required for success. Technological challenges can be overcome through business alliances. Alternative technologies are mapped on the Ease/Value continuum and the optimal portfolio is selected.