IT Strategy development

From Requirements to an IT Program

The IT Strategy is essentially the link between what a business needs in terms of IT and the Programs and Projects forming the elements of a companies IT budget.

More often then not the IT budget and the corresponding underlying IT program are put in place by IT professionals on the basis of their experience and good assessment what a business needs.

This however does only work to a certain point and at one point in time every company will ask the question: "Are the high IT cost really justified?".

To answer this question a methodological clean link is needed to explain and justify what is planned for a given year in terms of IT capital investment, operative expenses, Projects and the like.

 The IT strategy development process is the answer to this question which will provide this transparent link.

Elements of the IT Strategy development

1.  The first step is to gather the Business requirements
           => The Strategy Input

This is one of the most essential and laborious activities during which the input factors such as the  following are collected:

  • Collection of business requirements and focus areas
  • Input from Committees e.g. Application committee or process committees
  • Directives of management
  • If applicable directives / Strategies of Corporate CIO departments
  • Applicable Rules & Regulations
  • Analysis of the current IT architecture (IT landscape)
  • Current Projects / Project portfolio
  • Current running Program (e.g. Processes program or Infosec awareness programs)
  • Other items out of initiatives like ISO/QM etc and Technology trend scans
  • Outcome of performed Information security self-assessments
  • Outcome of departmental (CIO) self-assessments and user satisfaction surveys.

2. The Strategy Alignment and definition

During this phase the strategic objectives and possible standard strategies are derived from these input factors.

These Strategic elements are aligned with the companies strategy to form the proposed draft strategy

In the last step of this phase the company's management or any entitled decision body is to approve and release the strategy.

3. In the third phase the Strategy is translated into IT programs and Project portfolios

During this phase the Target architecture as well as the Activity portfolio based on and derived from the Strategy is developed resulting in an "To-be" architecture plan, Concepts and initiatives.

Based on the architecture plan, concepts and initiatives Measures, Roadmaps and Projects are drawn up which are formulated in an IT-Roadmap and a Project portfolio.

In the third phase the IT Program (IT Roadmap & Project portfolio) and the corresponding IT budget are released  for the respective financial year.

Conclution

For all those steps described above there are defined methodologies which enables you to facilitate each of them in a productive manner.

If you have decided to apply a structured IT Strategy and IT program development in your operation then there are 2 steps to take

A) The establishment of your individual Strategy development process

For this you will need to run a Strategy development process project which ensures that your organizational needs are properly reflected in it. Both in Content as well as the organisational bodies behind it.

B) The establishment of a continuous operational execution routine

 

For the implementation it is highly recommended to utilize external support who can coach you through the process.

AgooThai can provide to you this service
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