by Ruben Melendez
For years, IT frameworks and standards have been addressing the importance of and need for IT teams to improve collaboration, measurement, and communication with the business areas, in order to maximize the business outcome from IT services, portfolios, and initiatives.
At the same time, because of major technological enhancements, business cycles are now shorter and faster. Business and IT teams are encouraged to be innovative and agile, and take risks to disrupt and transform their processes to increase financial results (or, in some cases, just to survive and stay in business).
These trends suggest that IT executives and their teams must adopt a more structured approach to forecast and measure the value of IT services and individual projects.
One of the biggest pain points of CIOs, CEOs and business leaders these days is prioritizing projects. Using a “two modalities” approach, projects in the fast lane are those that must be executed in months or weeks; in the other lane are those that can afford a process with traditional governance, where the approval and execution can wait until the next budget review.
This session will introduce attendees to the EVC Framework, which addresses the need for IT and business teams to collaborate, validate, measure, enable, and sustain IT value by prioritizing IT initiatives based on their degree of urgency and impact on the enterprise. Attendees will learn:
- How to turn a business case into a tool that enables and sustains the business value of each new IT initiative
How stakeholders can proactively agree on the benefits and risks of IT initiatives, and increase the likelihood of business success of every initiative
How to select SLAs and KPIs for the best value creation for internal and external customers
How the EVC Framework complements other frameworks and standards, and provides the “how-to” enabling tools for IT enterprise value creation.
Ruben Melendez is speaking at Session 609: The Missing Link: IT Frameworks and Value Creation at the FUSION 16 conference.