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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.