method for securing it funding

IT Funding

  Getting the Funding you Need

Business Situation:

" Delivering“Business Value” " Cost Control - doing more with less " Managing risk " Increasing sales " Increasing customer retention

" No funding for anything that does not CLEARLY support these goals

Problem:

" Lack of IT funds to do the job ‘right’

Implications:

" Potential for burnt out, highly frustrated people with high staff turn-over

" Stressed at work, at home

" Never able to turn work off

" Putting out one fire after another without ever feeling that you are getting ahead

" Business suffers as a result

You Need:

" A PLAN to get ahead of the issues " But first you need to ...

Understand Where the Problem Lies

" Disconnect between business and IT

" IT treated as an expense, not an asset

" IT left alone to ‘play with its toys’

" IT not‘user friendly’

" and more...

" which leads back to the problem...

How do you get the funding you need?

" SOLUTION:

" Become aligned with the goals of the business

" Which...

" Ties you directly to the business results

" Then you will get the funding to support the initiatives!

3 Step Approach

1.  Create IT Health Check 2.  Create Portfolio Analysis 3.  Address disconnects with one or more Methods of:

1.  Planning

2.  Innovation

3.  Prioritization

4.  Alignment

5.  Performance Measure

1. IT Health Check

Strategy

Systems People

Delivery Technology

Past, Present and Future view of IT in your business

2. Portfolio Analysis

" Vital key for decision making

" Allows us to manage our resources so we can make informed decisions for planning purposes

Applications Infrastructure Services Management Information

3. Methods

Planning

Performance Measures

Alignment

Innovation Prioritization

Goal

Image from: From Business Strategy to IT Action (Benson, Bugnitz, Walton)

3. Methods

" Planning: Improved business and IT planning with appropriate resource allocation

" Innovation: New, innovative solutions may be developed as IT will be brought into the annual planning cycle, again, helping the company and its stakeholders succeed

" Prioritization: Projects will be prioritized in line with corporate objectives

" Alignment: Business value will increase and cost of IT will be controlled when both are aligned " Cost may increase or decrease based on requirements, but the

costs will be aligned with business objectives

3. Methods

" Performance measurements: " Leading measures: Measure activities and processes that drive

results such as Capability Maturity Model Integrated (CMMI)

" Lagging measure: Measure past performance, such as cost, quality and service levels

Benefits

" Improve IT’s value to the business

" Increase realization of return on investment

" Improve delivery efficiency

" Improve control of IT costs

" Reduce risk

" Improve user satisfaction

Benefits

" Receive funding for projects that matter in the eyes of the business

" IMPROVE YOUR QUALITY OF LIFE!!!

Contact Information

" Robert Narejko: 416 880-4040 " Rob@base22.com