method for securing it funding
DESCRIPTION
IT funding is being squeezed. Yet IT Managers are being asked to do more with less. How can you meet your goals in this predicament? Here is a three step approach that will help you achieve the sweet spot of lower costs with higher business impact. You will: - 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 �TRANSCRIPT
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!!!
