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IT Strategic Investment and Value Roadmap

At this stage, you know all of the things that IT could do to help support company objectives and priorities. Now you need to sort through what IT should do, when and how.

The purpose of the IT Investment and 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.

The IT Investment and Value Roadmap involves the following steps:

  1. Define Strategic IT Initiatives.
  2. Determine IT Initiative Priorities.
  3. Prepare Strategic Roadmap.
  4. Determine Budget Impact.
  5. Communicate IT Strategic Roadmap and Obtain Approval.
  6. Maintain IT Strategic Roadmap.

When you have completed the IT Investment and Value Roadmap program you will have:

  • An agreed list of key projects or initiatives.
  • Agreed priority, sequence and timing for strategic initiatives.
  • Recognition of the implications of the IT strategy on the IT budget.

The IT Investment and Value Roadmap should be revisited periodically – at least quarterly or when corporate management re-evaluates company priorities.

Advanced

Steps Tools Related Research
Step 1: Define Strategic IT Initiatives
Advanced 1.1 Evaluate and Select Initiative Options
Excel Document Analysis of Available Options
Word Document Option Evaluation Tool
Core 1.2 Assess Current IT Projects and Initiatives
Excel Document Current IT Projects
Advanced 1.3 Define Strategic Initiatives for IT
Word Document IT Staffing Worksheet
 
Step 2: Determine IT Initiative Priorities
Core 2.1 Prioritize Strategic IT Initiatives
Word Document Initiative Description Template
Excel Document Initiative Prioritization Tool
Step 3: Prepare Strategic Roadmap
Advanced 3.1 Identify Initiative Requisites and Estimate Milestones
Word Document Guide to Documenting Your Strategic Roadmap
 
Step 4: Determine Budget Impact
Advanced 4.1 Forecast Expenditures to Complete Strategic Initiatives
Excel Document IT Strategy Budget Impact
  1. Capitalizing IT Costs Beneficial, But Don't Forget the Law
Core 4.2 Prepare Business Case for the IT Strategy
Word Document Business Case Template
  1. A Transparent IT Budget Supports Organizational Growth
Step 5: Communicate IT Strategic Roadmap and Obtain Approval
Core 5.1 Prepare Communications
Word Document Communications Plan Template
PowerPoint Document Strategic Plan Presentation
Word Document Strategic Plan Template
Core 5.2 Meet with Key Stakeholders
Word Document Executive Meeting Agenda
  1. Win Approval for IT Proposals
Step 6: Maintain IT Strategic Roadmap
Core 6.1 Refresh IT Strategic Roadmap
Word Document IT Strategic Roadmap Maintenance Guidelines