A Practical Guide for Making Strategic IT Investments & Creating a Value Roadmap More than ever organizations are compelled to demonstrate how IT cost effectively supports company objectives and priorities. Info-Tech’s Maximizing Your IT Investments program is a practical, step-by-step guide for making strategic IT investments & creating a Value Roadmap for your organization. The purpose of the IT Investment & Value Roadmap is to take all of the improvement opportunities, Applications, Technology and Organization, and: • Evaluate their relative importance based on business value and cost. • Determine interdependencies (e.g., need to develop a new skill-set before adopting a piece of technology). • Combine opportunities into projects. • Set milestones for completing projects over the planning horizon. • Estimate the impact of the investments required on the IT budget.
IT Strategic Roadmap Maintenance Guidelines Introduction: How to Use This Tool Use this guide to create your own customized Strategic Maintenance Plan with the objective to sustain your IT Strategy by continuously examining, evaluating and prioritizing investments of IT resources. Purpose of the Strategy Maintenance Planning Process Organizations that develop IT strategies face the following key challenges: 1. How to make the IT strategy a vital element of the IT management process rather than a static document left to gather dust on a shelf somewhere. 2. How to keep the IT strategy dynamic and reflective of current business activity versus a point-in-time assessment and outlook. The IT Strategy Maintenance Planning Process assists IT leaders to continually: Communicate accomplishments, progress and plans to stakeholders. Ensure appropriate IT resources are available as required. Track, monitor and report progress and achievements. Accommodate changes in business strategy and initiatives. Many factors can cause an IT Strategy to become quickly altered or out-of-date. For example: Business Strategy Changes in business drivers. Changing requests as a result of the regular business planning cycle. Response of business units to market changes and/or opportunities. Technology Trends Advances in IT. Compliance standards (i.e. Sarbanes-Oxley). Legacy applications needing replacement. Organizational Capabilities Unplanned events can cause resources to be diverted (i.e. system failure).
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