It is said to provide a concise management roadmap to optimize business value derived from IT investments. This framework is postioned as a tool that can be used to deliver greater business value from IT while reducing the complexity of IT choices for CIOs.
According to IVI, the IT-CMF provides a management roadmap to optimize business value derived from IT investments. IT-CMF provides an integrated roadmap that:
- Leverages the power of existing best practices
- Open Innovation: is being developed by a diverse consortium of academic and business leaders
- Is being tested in the real world at every stage of development
- An actionable approach that helps IT design, deliver and manage for business value
The IT-CMF consists of a five-stage maturity model used to organize and structure a framework for mapping IT improvement efforts. The holistic approach of the IT-CMF is reflected by its four foundational macro processes:
- Managing IT like a Business – shifting the focus from technology and production to a focus on customers and services
- Managing the IT Budget – investing in innovative IT solutions that deliver better value and performance
- Managing the IT Capability – managing IT assets throughout the value chain and developing core competencies
- Managing IT for Business Value – linking IT investments to overall business benefits
In total, the IT-CMF identifies 36 core processes and categorizes them under these four dimensions to cover all activities in an IT department. An assessment of an IT organization’s maturity across these 36 processes, together with comparisons to industry benchmarks and best practices, will highlight a company’s key maturity gaps and value-creation opportunities.
IVI is a consortium of leading industry, consulting, not-for-profit, and academic organizations that has been quietly developing and testing new ways to more align IT investments with business results. Originally formed through a strong link between NUI Maynooth and Intel, the consortium’s more than 30 members are among the world’s leading companies such as The Boston Consulting Group, Microsoft, Chevron, SAP, Northrop Grumman, British Petroleum (BP), and Ernst & Young.
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