Information Technology Investment Management ITIM

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Information Technology Investment Management
(ITIM)

• Solomon Negash, Ph.D.

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Source

• The maturity stages and critical processes are
  taken from the GAO 2004 report
  http//www.gao.gov/new.items/d04394g.pdf

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ITIM Stages of Maturity with Critical Processes
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Fundamental Phases of IT Investment
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The Five Stages of Maturity within ITIM
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Critical Maturation Steps Required to Move to
Next Stage
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Components of an ITIM Critical Process
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Stage 1 Creating Investment Awareness
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ITIM Stages of Maturity with Critical Processes
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Stage 2 Building the Investment Foundation
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ITIM Stages of Maturity with Stage 2 Critical
Processes
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Instituting the Investment Board
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Meeting Business Needs
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Selecting an Investment
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Providing Investment Oversight
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Capturing Investment Information
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Stage 3 Developing a Complete Investment
Portfolio
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ITIM Stages of Maturity with Stage 3 Critical
Processes
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Defining the Portfolio Criteria
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Creating the Portfolio
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Evaluating the Portfolio
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Conducting Postimplementation Review
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Stage 4 Improving the Investment Process
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ITIM Stages of Maturity with Stage 4 Critical
Processes
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Improving the Portfolios Performance
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Managing the Succession of Information Systems
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Stage 5 Leveraging IT for Strategic Outcome
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ITIM Stages of Maturity with Stage 5 Critical
Processes
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Optimizing the Investment Process
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Using IT to Drive Strategic Business Change
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Glossary (see full document for more)

• action plan A plan derived from recommendations
  that identifies the specific actions that will be
  taken to improve a process or a project and
  outlines a schedule for implementing those
  actions.
• activity An ITIM key practice that describes the
  actions necessary to implement a critical
  process. An activity occurs over time and has
  recognizable results. It typically involves
  establishing plans and procedures, performing the
  work, tracking it, and taking corrective actions
  as necessary.
• alignment The degree of agreement, conformance,
  and consistency among organizational purpose,
  vision, and values structures, systems, and
  processes and individual skills and behaviors.
• assessment An appraisal by a trained team of
  professionals to determine the state of an
  organizations current processes and to identify
  the high priority process-related issues facing
  an organization. An assessment may also result in
  organizational support for process improvement.