Managing Technology Investments
This functional area focuses on the Enterprise Program Management Office (EPMO) and other technology and business executives who are concerned with ensuring selection and execution of the right business technology initiatives. The capabilities that must be developed to support this functional area ensure that the organization understands what it owns from an IT standpoint, what it is working on, and who is available. The organization must make certain that business technology investment decisions are closely aligned with the needs of the business and that technology initiatives are executed using proven methodologies and available technology and IP assets. Four capabilities constitute the Managing Technology Investments functional area:
- The Portfolio and Program Management capability identifies, organizes, and manages existing IT assets and projects. This capability is focused on effective program monitoring and execution. This includes the development of enterprise project and asset portfolios along with appropriate reporting.
- The Approval and Prioritization capability determines the criteria used for evaluating alternatives, specifying the evaluation process, and prioritizing technology investments. The creation of enterprise business cases and the definition of appropriate selection criteria and mechanisms are thereby enhanced.
- The Project Analysis and Design capability drives technology-enabled business improvements and leverages re-usable IT assets. This allows the integration of Enterprise Architecture (EA) and governance with a system development life cycle (SDLC).
- The Resource and Demand Management capability is used to quantify, qualify, and manage business technology demand and resource requirements. It supports and promulgates the process for categorizing and prioritizing business technology requests to ensure that they are consistent with required business capabilities, priorities, budgets, and capacity. This capability also guides the allocation of high-value scarce resources.