by Ross O. Storey

CIOs stands for Compensation Is Ongoing

News
Apr 15, 20082 mins

Much of the April issue is dedicated to profiling the winners of our prestigious CIO 100 Awards — the ‘fabulous five’ enterprises and their senior IT executives who our independent judges have determined to have implemented Asia’s best projects for 2008.

Yes, to become a CIO Award winner requires considerable effort. Firstly, of course, an enterprise needs to have an outstanding IT project demonstrating exemplary use of technology to derive strategic value and maximum returns for their business. Next, they have to have their project nominated for our awards. Then, the information provided must impress enough to have their project listed in our annual CIO 100 Index. And, finally, their project must impress our panel of judges from on a range of perspectives including knowledge management, e-business innovation, people management, and value chain excellence. Not to mention customer service, security, resourcing, cost management and quantifying IT value. My thanks again go to our judges, Governance Board founder, Puni Rajah, Global Refund Group CIO, Waleed Hanafi, and Outsourcing Expert, Anton Wiesmann for their valuable efforts.

The five IT projects that result from our judging process have certainly ‘done the hard yards’ to receive their special CIO Award trophies. I am sure you will learn much from what our winners’ profiles have to say about successful project management. Those who attended our CIO Asia Awards and Conference 2008 in Singapore, would have heard our CIO Award winners candidly discussing the tribulations they faced. You would also have been privy to some fascinating presentations from our judges. Waleed, in particular, disputed the cynical view that CIO stands for ‘Career Is Over’, but preferred the most positive acronym ‘Compensation Is Ongoing’. I trust that this is, indeed, the outlook for you and your family for the rest of this year.