This document provides an executive overview of the IT Capability Maturity Framework (IT-CMF). The IT-CMF is being developed by the Innovation Value Institute to help organizations improve their IT capabilities and ability to deliver business value through IT. The IT-CMF defines four key "macro-capabilities" for managing IT: managing IT like a business, managing the IT budget, managing the IT capability, and managing IT for business value. It describes five levels of increasing maturity for each macro-capability, from initial/unmanaged to optimizing. As organizations progress through the levels, their IT function becomes more strategic and aligned with business goals. The document outlines the mission of the Innovation Value Institute to build tools that help