3 steps to IT Strategic Planning and Business Innovation

Seamlessly align IT projects to business initiatives using IT portfolio management

IT strategic planning became widespread when companies started seriously modernizing IT assets through IT portfolio management initiatives. This activity made it easier to streamline IT, adopt new technologies and provide better support for quickly evolving business strategies. There are three steps necessary to move seamlessly from IT portfolio rationalization to IT strategic planning to business innovation, using IT portfolio management methods and tools.

In this eBook, learn how you can build an effective IT strategy plan that supports business objectives using our IT portfolio management software.

Step 1. Align IT and business strategy

Define an IT architecture that will support strategic business initiatives, through a better understanding of business needs and objectives. Use our IT portfolio management software to:

  • Map business capabilities to capture the business roadmap and tie it to business objectives
  • Define the future IT architecture that will leverage business capabilities
  • Adopt agile enterprise architecture to integrate continuous changing requirements

Step 2. Build and manage IT projects portfolios

Establish a standardized and robust IT project portfolio management practice to identify, select and evaluate IT projects that will support business needs and efforts. Our IT portfolio management software enables you to:

  • Identify candidate IT projects that may originate from the need to support new business capabilities through an evolving IT architecture but also from an ideation process based on the input of various stakeholders
  • Create IT projects, building a business case for each, to find the optimal mix of IT projects to support changing business needs

Step 3. Build IT roadmap and execute IT strategy plan

Connect strategy to investments and outcomes to drive business innovation. Use our IT portfolio management software to:

  • Evaluate and prioritize IT projects based on their potential value to the organization and their strategic business goals
  • Build the IT roadmap representing the validated projects and share it with key stakeholders
  • Monitor and update projects status as they are executed, and keep key stakeholders informed about the level of the IT strategy plan and business-IT alignment

Our IT portfolio management solution helps IT leaders rationalize their IT assets and tighten the link between strategy and project execution.

3 steps to IT Strategic Planning and Business Innovation