Planning Technology Today to Support Your Business Tomorrow
Core business processes are supported by IT. To ensure you can make future business initiative decisions with confidence, it is essential to add technology planning to your strategic process.
IT supports your core business processes, and you want to ensure IT’s continued contribution to business value. With iTeres Information Technology Strategic Planning (ITSP) solution, you will have the required technology in place to achieve your business goals and objectives.
Purchasing Technology that Meets Goals & Objectives
ITSP provides a structured approach to technology sourcing — bridging the gap between business plan goals and objectives and the enabling technology needed to achieve them. Whether your IT planning is weeks, months or years into the future, the ITSP solution can accommodate varying time horizons and guide you through five phases of plan development.
Looking at your business plan vision, initiatives and goals, we identify applicable technology initiatives and determine if your current technology capabilities can accommodate your business needs within the plan timeframe. You are successfully aligning information technology to business plans when the identified technologies can conceptually meet the needs of your organization.
Next, we examine each option, identifying the scope, potential solutions, timeline, risks and associated constraints. For measurement purposes, we define the goals for each technology solution, the metrics associated with the goals and the value that must be achieved to determine success or failure.
In this phase of IT strategic planning, we use a standard methodology to determine the labor and capital resources that will be required to implement the capabilities defined during phase 2. We also outline the value proposition, and estimate the impact on the organization.
All initiatives have a risk element associated with the value proposition. At this stage, we take a more comprehensive look at the technology initiative’s value to the organization, estimating the risks associated with the initiative and possibly conducting a formal Return on Technology Investment study.
After completing the forecast, the ROI analysis and risk assessment, we prioritize initiatives to create a technology roadmap. It is critical to have a comprehensive understanding of all the facets of the IT project in order to determine which projects will receive capital, human resources and management attention.