Method for Securing IT Funding

Method for Securing IT Funding

• 1.
  IT Funding   Gettingthe Funding you Need
• 2.
  Business Situation: " " " " " " Delivering BusinessValue Cost Control - doing more with less Managing risk Increasing sales Increasing customer retention No funding for anything that does not CLEARLY support these goals
• 3.
  Problem: " Lack of ITfunds to do the job right
• 4.
  Implications: " Potential for burntout, 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
• 5.
  You Need: " A PLANto get ahead of the issues " But first you need to ...
• 6.
  Understand Where theProblem Lies " Disconnect between business and IT " IT treated as an expense, not an asset " IT left alone to " IT not user friendly " and more... " which leads back to the problem... play with its toys
• 7.
  How do youget 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! "
• 8.
  3 Step Approach 1. Create IT Health Check 2.  Create Portfolio Analysis 3.  Address disconnects with one or more Methods of: 1.  2.  3.  4.  5.  Planning Innovation Prioritization Alignment Performance Measure
• 9.
  1. IT HealthCheck Past, Present and Future view of IT in your business Delivery Technology Strategy People Systems
• 10.
  2. Portfolio Analysis " Vitalkey for decision making " Allows us to manage our resources so we can make informed decisions for planning purposes Applications Infrastructure Management Services Information
• 11.
  3. Methods Prioritization Innovation Planning Alignment Performance Measures
• 12.
  Goal Image from: FromBusiness Strategy to IT Action (Benson, Bugnitz, Walton)
• 13.
  3. Methods " " " " Planning: Improvedbusiness 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
• 14.
  3. Methods " Performance measurements: " Leadingmeasures: 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
• 15.
  Benefits " Improve IT’s valueto the business " Increase realization of return on investment " Improve delivery efficiency " Improve control of IT costs " Reduce risk " Improve user satisfaction
• 16.
  Benefits " Receive funding forprojects that matter in the eyes of the business " IMPROVE YOUR QUALITY OF LIFE!!!
• 17.
  Contact Information " Robert Narejko:416 880-4040 " [email protected]