Alignment with Business Priorities
The Importance of a well-designed IT Strategy PlanÂ
An information technology strategy is a comprehensive plan to align IT investments with business priorities. IT Strategic Planning addresses governance, policy, initiatives, projects, processes, assets, resourcing, competencies, and budgets.Â Ultimately, the IT strategy should dovetail into an organizations vision, strategy, and operating plans.Â Therefore, a successful IT Strategic Plan depends on the alignment and support within the executive team.
An agile IT strategy planning process harmonizes the priorities of all stakeholders: management, users, customers, partners and the IT team itself.Â It will ensure that investment decisions are prioritized based on the highest return against the business’ objectives.Â It also creates opportunities to improve the efficiency and effectiveness of the organization leading to competitive advantage.Â
A well-designed IT strategic planning process has three components:
- an IT roadmap with prioritized projects across a three-year planning horizon
- an on-going review cycle to track performance and progress
- an annual event to review, revise, and refine the roadmap rolling forward
The roadmap is a platform that ensures expectation alignment, status transparency, and increased confidence in the organizations capabilities to maximize the return on its IT investments.
Next Dimension offers a comprehensive roadmap design and management process for our customers that transforms technology discussions into business discussions.Â It begins with an assessment of the business impact of an organizationâ€™s IT environment, a vision for the future, and a roadmap to track the journey.
Next Dimension improves business outcomes through:
- Aligning ITâ€™s role in the business strategy
- Analysis to identify risks and gaps to meeting expectations
- IT Roadmap as a platform to prioritize high value actions
- Project management and operational support to achieve goals
- Annual planning cycle in business language