This document discusses key aspects of developing an IT strategy, including:
1. The importance of aligning an organization's IT strategy with its overall business strategy.
2. The process of developing an IT strategy involves analyzing the current and future IT environments, capabilities, and needs to support the business strategy.
3. IT strategies should address opportunities, threats, the IT organization, external forces, internal capabilities, and milestones to achieve the strategy.
4. Developing an effective IT strategy requires factors like revisiting the business model, getting the right people involved, balancing investment opportunities, and managing risks.
IT Governance – The missing compass in a technology changing worldPECB
The webinar covers:
• Overview of IT Governance
• Benefits of IT Governance
• IT Governance implementation : Approach and Methodology
• Key critical success factors
Presenter:
This webinar was presented by Mr. Oladapo Ogundeji, from Digital Jewels and PECB partner.
Link of the recorded session published on YouTube: https://youtu.be/Ux_Yk4JLy0M
Capability assessment of IT Governance using COBIT 4 Process Assessment Model (PAM). Presented for Information System Department, Universitas Bakrie - Indonesia
IT Governance – The missing compass in a technology changing worldPECB
The webinar covers:
• Overview of IT Governance
• Benefits of IT Governance
• IT Governance implementation : Approach and Methodology
• Key critical success factors
Presenter:
This webinar was presented by Mr. Oladapo Ogundeji, from Digital Jewels and PECB partner.
Link of the recorded session published on YouTube: https://youtu.be/Ux_Yk4JLy0M
Capability assessment of IT Governance using COBIT 4 Process Assessment Model (PAM). Presented for Information System Department, Universitas Bakrie - Indonesia
Stewardship is extending to IT as Boards question the depth of their enterprise’s reliance on IT.
Some thoughts on how IT risk, control, audit and assurance is evolving toward the broader concept of IT governance.
Why IT governance should be on the Board of Directors’ agenda wherever IT is strategic to the business.
How it fits in the broader concepts of enterprise governance and how management and boards can address it.
Provide an index to know how well positioned businesses, communities and governments around the world are in relation to risks and opportunities of adopting artificial intelligence
Understanding COBIT 5.0 (IT Governance) by Mr. Avinash Totade
President of Information Systems Audit and Control Association (ISACA) UAE Chapter
OpenThinking Day 2012
This presentation is intended to assist CIO's with setting up a formal IT Governance model for their college or university. There are two companion files also in Slideshare linked at the end of an IT Governance Committee Charter and an IT Project Governance Guideline.
Understanding IT Governance and Risk Managementjiricejka
Describes IT Governance Holistic Framework for establishing transparent relation between Business and IT environment.
Describes Governance services and Risk Management Methods
Stewardship is extending to IT as Boards question the depth of their enterprise’s reliance on IT.
Some thoughts on how IT risk, control, audit and assurance is evolving toward the broader concept of IT governance.
Why IT governance should be on the Board of Directors’ agenda wherever IT is strategic to the business.
How it fits in the broader concepts of enterprise governance and how management and boards can address it.
Provide an index to know how well positioned businesses, communities and governments around the world are in relation to risks and opportunities of adopting artificial intelligence
Understanding COBIT 5.0 (IT Governance) by Mr. Avinash Totade
President of Information Systems Audit and Control Association (ISACA) UAE Chapter
OpenThinking Day 2012
This presentation is intended to assist CIO's with setting up a formal IT Governance model for their college or university. There are two companion files also in Slideshare linked at the end of an IT Governance Committee Charter and an IT Project Governance Guideline.
Understanding IT Governance and Risk Managementjiricejka
Describes IT Governance Holistic Framework for establishing transparent relation between Business and IT environment.
Describes Governance services and Risk Management Methods
17 Must-Do's to Create a Product-Centric IT OrganizationCognizant
Tightening IT-business alignment and embracing Agile, DevOps and Lean Startup principles, while transcending traditional project management disciplines by incorporating product engineering rigor, are critical to creating an effective, digitally enhanced business.
Revolutionizing IT Project Delivery - Embrace the Future with OnePlan’s AI-Po...OnePlan Solutions
IT departments are under increasing pressure to deliver projects that align with – and also drive – business strategy. But traditional Project Portfolio Management (PPM) simply can’t keep pace with the dynamic landscape of managing IT technology projects. That’s why we developed OnePlan’s AI-powered Strategic Portfolio and Work Management Platform.
Attend this webinar to see how OnePlan’s cutting-edge AI capabilities can help you harness the power of Strategic Portfolio Management to achieve unparalleled agility, efficiency, and strategic alignment across all your IT projects. Discover how OnePlan’s groundbreaking solutions can help IT leaders, project managers, and key stakeholders leverage artificial intelligence to elevate their project delivery processes.
IT Governance & Leadership 17 - 20 November 2014 Dubai, UAE360 BSI
Information and related technology have become increasingly crucial in the sustainability, growth and management of value and risk in most enterprises. As a result, IT has moved from a support role to a central position within enterprises.
The enhanced role of IT for enterprise value creation and risk management has been accompanied by an increased emphasis on the Governance and Management of Enterprise IT (GEIT).
Enterprise stakeholders and the governing board wish to ensure that IT fulfills the goals of the enterprise. GEIT is an integral part of overall corporate governance.
GEIT addresses the definition and implementation of processes, structures and relational mechanisms within the enterprise that enable business and IT staff to
execute their responsibilities in support of creating or sustaining business value.
In this course you will learn and understand how to assess and evaluate an organization’s GEIT and make sure that IT is properly aligned with the business objectives.
COBIT 5 can help enterprises create optimal value from IT by maintaining a balance between realizing benefits, optimizing risk management and leveraging resources. The COBIT 5.0 addresses both business and IT functional areas and provides a governance, management and operational framework for enterprises of all sizes, whether commercial, not-for-profit or public sector.
Contact Kris at kris@360bsi.com to register.
International Accountancy Education Standards Board Member Dr. Sidharta Utama spoke during the Association of Chartered Certified Accountants (ACCA) Regional Education Conference in Singapore in September 2017 and discussed IAESB initiatives on developing professional accountants’ information and communications technology skills and competency.
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2. Chapter Outline
Importance of IT Strategy
Process of Developing IT Strategy
Electronic Commerce
Risks, Limitations & Advantages of E-commerce
Electronic Data Interchange (EDI)
Information Technology in Enterprises in Bangladesh
3. Syllabus
In the examination, candidates may be required to
a. explain why it is important for the IT strategy of an
organization to be developed in tandem with the overall
strategy of the organization
b. describe and explain the processes undertaken by
organizations in order to develop an IT strategy, including
consideration of the overall strategy of the organization
current IT capabilities and environment, future IT
environment and the needs of the organizational strategy
c. IT risks and opportunities
d. methods of measuring the success of strategy alignment
4. Structure of a IT Strategy
• Summarize the benefits, scope, method, budget, etc.Executive Summary
• Options for increasing ROI, availability of technologyOpportunities
• Threats from competition, being outdatedThreats
• Roles, structure, governance, etc.IT Organization
• Trends, needs that create demand in the organizationExternal Forces
• Current portfolio status, application inventories, etc.Internal Capabilities
• Planned milestones, dates and measuresMilestones
5. ACHIEVE OPERATIONAL
EXCELLENCE
EFFECTIVE BUSINESS
ENGAGEMENT
STRATEGIC SUPPORT
TO THE BUSINESS
INTERNALPROCESSLEARNINGFINANCIALCUSTOMER
P3A: Maintain a Secure and Reliable
Infrastructure that Ensures Business
Operation
F2A: Speed and Integrity of Information
P3B: Manage Service Quality: Delivery on
Schedule
L2: Provide ICT Tools and Techniques that Enhance ICT Function
P3C: Optimize ICT Process; Lower Unit CostP2C: Enhance Utilization of Existing ICT
Systems
P2B: Improve Business Unit Productivity
and Profitability through New Initiatives
P2A: Establish Effective Value Creation
Framework
L3: Foster a Business and Customer Focused Culture
L1: Attract, Develop and Retain Employees with Key Competencies
P1: Propose, Agree and Deliver Business
Transformational Applications for the
Company:
- Enterprise Resource Planning (ERP)
- Customer Relationship Management (CRM)
- Supplier Relationship Management (SRM)
- Decision Support System (DSS)
- Knowledge Management System (KMS)
C2: Support Business Unit Needs with ICT
Based Analytics
“TURNING ICT AS A COMPETITIVE ADVANTAGE
IN ACHIEVING VISION 2015”
ANUAMTSSI
ANUAMTSSI
ANUAMT
ANU
SSI
KRL
AMT
C3: Deliver Basic Service with High Quality at
Competitive Cost
C1: Drive Business Unit Success with
Innovative ICT Solution
F3: Lower Cost of ICT ServicesF1: Strategic Alignment of Business and ICT
RAQRAQ
KRL KRL
ANU
ANU
KRL
F2B: Enhance Return on InvestmentKRL
KRL
BSC
6. IT Strategic Planning Process
Architectures
• Application Architecture
• Data Architecture
• Network Architecture
Transition
Plan
• Prioritized Initiatives
• Project and Resource Plans
• Funding Scenarios
Ongoing
Planning
• Opportunity Prioritization
• Quarterly & Annual Reviews
• Budgeting and Planning
4
5
6
Business
Strategy
• Competition
• Balanced Score Card
• Change Readiness
IT SWOT
• The Application Portfolio
• Skills & Infrastructure
• Governance & Control
Vision &
Strategy
• Preferred Future State
• Strategic Intents
• Principles & Strategies
1
2
3
7. Strategy Development
Critical Success Factors
– Revisiting the Business Model
– Adopting Strategic Themes
– Getting the Right People Involved
– Working in Partnership with Business
– Balancing IT Investment Opportunities
• Business Improvement
• Business Enabling
• Business Opportunities
• Opportunity Leverage
• Infrastructure
8. Business IT Planning Process
Customer
and Business
Value
Visioning
Business
Strengths and
Models
Business IT
Strategies
and
Architecture
Business
Application
Development
and
Deployment
Key Insight
FeedbackMore Questions
Key Objectives Priorities
Feedback
10. Risks in Developing IT Strategy
1. Lacking Governance Structure
2. Lacking of Enterprise wide Funding Models
3. Traditional Planning and Budgetary Practices
4. Developing Better Skills in Strategizing
5. Getting the Right Balance between Tactical and
Operational Initiatives
6. Others:
– Physical Threats, Data Threats, Errors by People, Technical
Failures, Infrastructure Failures, Fraudulences, Malicious
Attacks, Hacker Threats, etc.
11. Opportunities in Developing IT Strategy
1. Improvement of operational efficiency and functional
effectiveness
2. Exploitation of inter-organizational synergies
3. Product innovation with IT
4. Acquisition of bargaining advantage over
customers/suppliers
12. Methods of Measuring IT Strategy
1. Business value metrics – which IT initiatives and
products add value to the business
2. Validation – tech centric Vs customer centric
3. Indicators – success indicators translated into business
results, e.g. increase in sales
4. Baseline – baseline metric and financial impact
forecasts
5. ROI – based on the baseline metrics, ROI NPV
6. ITBV – comparison among the positive ROI projects
7. ROI Analysis – post implementation change impacts
13. Questions
Explain the typical structure of a IT strategy
Define the five investment opportunities to future IT
strategy