CIOs often ask for a single view of IT spending in response to senior executive, business or investor demand. Not a trivial exercise, this research explores how CIOs and their staff reconcile all technology expenditures into one coherent strategic report to optimize cost, risk and business value.
- Build on Existing Portfolio Views to Maximize the Business Return on All Digital Technology Spending While Managing Its Risks
- Start With Project Management Processes
- Start With All Sources of Budgetary Data
- Categorize Spending
- Build From the Foundation Up by Including all Current Cost Commitments and Supporting Data to Align Total Expenditure (Totex) With Business Value and Eliminate Overspending
- Normalize the Data for Consistency
- Classify the Data by Business Priority
- Quantify Value and Risk
- Include all Strategic Options Being Discussed by Analyzing Where and How They Fit Into the Overall Portfolio to Deliver Timely Decision Support on Digital Technology Opportunities
- Begin Strategies Within the Portfolio
- Optimize Business Value
- Modernize Outdated IT Financial Management
- Continually Optimize Spending Against Budget
- Work Within the Business Portfolio
- Review Technology Governance
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