Information Technology Investment Management (ITIM)

Solomon Negash, Ph.D.

Source

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

ITIM Stages of Maturity with Critical Processes

Fundamental Phases of IT Investment

The Five Stages of Maturity within ITIM

Critical Maturation Steps Required to Move to Next Stage

Components of an ITIM Critical Process

Stage 1: Creating Investment Awareness

ITIM Stages of Maturity with Critical Processes

Stage 2: Building the Investment Foundation

ITIM Stages of Maturity with Stage 2 Critical Processes

Instituting the Investment Board

Meeting Business Needs

Selecting an Investment

Providing Investment Oversight

Capturing Investment Information

Stage 3: Developing a Complete Investment Portfolio

ITIM Stages of Maturity with Stage 3 Critical Processes

Defining the Portfolio Criteria

Creating the Portfolio

Evaluating the Portfolio

Conducting Postimplementation Review

Stage 4: Improving the Investment Process

ITIM Stages of Maturity with Stage 4 Critical Processes

Improving the Portfolio’s Performance

Managing the Succession of Information Systems

Stage 5: Leveraging IT for Strategic Outcome

ITIM Stages of Maturity with Stage 5 Critical Processes

Optimizing the Investment Process

Using IT to Drive Strategic Business Change

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 organization’s 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.