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Commonwealth ITIM Standard - overview

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					Commonwealth IT Investment
Commonwealth ITIM Standard
Management (ITIM) Standard


Managing Technology Investments to
Provide Value to Citizens in Virginia
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    Commonwealth ITIM Standard
   Why is ITIM important for the Commonwealth?
   Commonwealth goal of continuous improvement




                                        “Expand constituent impact
“We must pursue more aggressive,
                                        through lower operation costs”
transparent goals” Governor Tim Kaine


 The Commonwealth must find             Investment management
ways to meet increasing                 can contribute to lower            The Commonwealth must be
demands through cost savings and        operating costs and the           innovative in the way in which it
increased productivity.                 generation of internal capital.   invests in IT.

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Commonwealth ITIM Standard
How does ITIM support Commonwealth business?

•    Maximizes business value
•    Allows the Commonwealth to select IT investments that align with
     business goals and objectives
     Examples:
     Business Need                         IT Strategy
      Reducing long customer wait          Web-based customer service
      times                                applications
      Obtaining quick access to            High performance networks and
      medical data                         databases
      Preparing for hurricane              New wireless radios and
      evacuations                          centralized computers
      Identifying vehicle license plates   High speed laptops in State
                                           Police cars
      Reducing the time to process tax     Web-based software solutions
      paperwork

    Your business drives Commonwealth IT investments
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Commonwealth ITIM Standard
What can ITIM do for my agency?

 ITIM is a proven business investment methodology that will help you:

 • Align investments to business goals and objectives
 • Identify and track spending on IT investments
 • Control and monitor IT investment projects
 • Confirm that IT investments are meeting business objectives
 • Leverage IT investment opportunities that may generate internal
   capital
 • Make informed decisions on an IT investment portfolio by
   assessing value and risk




                                                                  4
  Commonwealth ITIM Standard
 What is the ITIM Standard?

• The ITIM Standard documents the current
  Commonwealth IT investment governance process, for
  better stakeholder understanding, that allows the ITIB
  and CIO to meet Code-directed responsibilities in
  collaboration with business leaders

• The ITIM Standard utilizes
  best practices that are
  commonly used in both the
  public and private sector,
  around the world




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  Commonwealth ITIM Standard
ITIM answers key investment questions for business leaders

    Commonwealth
                                Business Plans       What proposed IT investments
   Strategic Planning           & Needs              potentially solve business
                                                     needs?
        Process
                                                  Pre-Select

          Investment
          Results                                                           Which IT investments
                                                                            best meet the business
                                                                            needs?

                                                 Commonwealth
                              Evaluate            Technology             Select
                                                   Portfolio

    Did the selected IT investments
    deliver the expected business
    value?

                                                   Control        Are the selected IT
                                                                investments performing as
                                                                planned?

                                                                                            6
Commonwealth ITIM Standard
What benefits have we already seen?

• There have been no failed major projects in past 5 years

• Projects are completing and meeting performance goals

• The Commonwealth has significantly lowered project failure
  risks and improved decision-making capabilities

• IT investments are aligned with business strategy

• The Commonwealth has a systematic approach for managing
  portfolio risk and controlling investment activities

• The Commonwealth has identified new opportunities such
  as shared services


                                                               7
 Commonwealth ITIM Standard
 A Commonwealth ITIM success story - VDOT
                Fleet Equipment Management
                Information System (FEMIS)
• VDOT had a business need to track and manage
  fleet equipment
  – Documented need for IT investment in the Agency Strategic
    Plan and Commonwealth Technology Portfolio
  – Business need aligned with the goals and objectives from the
    Council on Virginia’s Future




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 Commonwealth ITIM Standard
A Commonwealth ITIM success story – VDOT (continued)
              Fleet Equipment
              Management Information
              System (FEMIS)

• Commonwealth CIO reviewed the Investment Business Case
  in the portfolio and saw a potential for multi-agency solution

• VDOT worked with the CIO to establish a shared service that
  will benefit multiple agencies
   – Commonwealth contract is now in place for all agencies
   – Shared service will reduce Commonwealth costs to set up future
     independent contracts

• Enterprise investment opportunity and resulting shared-service
  would not have been identified without following ITIM best
  practices
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posted:8/3/2012
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