information technology investment management (itim) solomon negash, ph.d
TRANSCRIPT
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Information Technology Investment Management (ITIM)
Solomon Negash, Ph.D.
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Source
The maturity stages and critical processes are taken from the GAO 2004 report: http://www.gao.gov/new.items/d04394g.pdf
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ITIM Stages of Maturity with Critical Processes
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Fundamental Phases of IT Investment
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The Five Stages of Maturity within ITIM
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Critical Maturation Steps Required to Move to Next Stage
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Components of an ITIM Critical Process
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Stage 1: Creating Investment Awareness
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ITIM Stages of Maturity with Critical Processes
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Stage 2: Building the Investment Foundation
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ITIM Stages of Maturity with Stage 2 Critical Processes
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Instituting the Investment Board
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Meeting Business Needs
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Selecting an Investment
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Providing Investment Oversight
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Capturing Investment Information
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Stage 3: Developing a Complete Investment Portfolio
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ITIM Stages of Maturity with Stage 3 Critical Processes
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Defining the Portfolio Criteria
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Creating the Portfolio
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Evaluating the Portfolio
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Conducting Postimplementation Review
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Stage 4: Improving the Investment Process
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ITIM Stages of Maturity with Stage 4 Critical Processes
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Improving the Portfolio’s Performance
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Managing the Succession of Information Systems
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Stage 5: Leveraging IT for Strategic Outcome
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ITIM Stages of Maturity with Stage 5 Critical Processes
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Optimizing the Investment Process
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Using IT to Drive Strategic Business Change
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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.