5 Year IT Strategy Development

A mindmap for developing a 5 year IT Strategy Roadmap presented by SAP BW Consulting of what we think is the right approach and key areas to think about when building your IT Strategy Roadmap.
In this, you will learn that you should first start by looking at your company's business strategy. What you will want to learn to look for is your:

*Vision Statement
*Mission Statement
*Objectives

If your company is publicly traded, you will also want to look for any filed financial statements, which contain a lot of valuable information. While doing this review, you need to think about how your existing IT strategy aligns with the company's business strategy or whether it may not be fully aligned. Once you have completed your strategy review, you're now ready to develop your IT Objectives. Overall, we recommend you develop specific, measurable objectives that align to your business strategy. Ideally, your objectives will be measurable by both subjective and objective methods.

Once you've done this, you can start to develop your IT roadmap. Your IT roadmap is meant to be a living document, meaning it is meant to be progressively elaborated. Your IT roadmap should encompass all elements of your IT environment, including hardware, software, and human resources, and security requirements. One of the key points your IT strategy must keep in mind is the need to not limit people's ability and choices to do their jobs, which sadly, is often an outcome of poorly thought out and implemented IT strategies.

We also always recommend that, as part of your IT Roadmap development process, that examine what your competitors are doing. You may be surprised to find out that your competitors have developed an IT capability that gives them a strategy advantage over you. The Red Team and the Blue Team (SAP vs Oracle) expend considerable resources doing just that.

Next you will want to involve both primary and secondary decision makers throughout your organization to get their buy-in to your IT Roadmap. Though wants are unlimited, needs are often limited, especially by budget and current technology, getting their buy-in will be critical to selling your IT Roadmap and ultimately, getting it funded.

When you're ready to 'sell it', your will need to put together a IT Roadmap Proposal, including benefits to be achieved, capabilities to be added, and the introduction and explanation of any new terms you're bringing into the enterprise's lexicon.

Your proposal will have to address the required financial investment as well as the expected ROI or Return on Investment expected. Finally, in order to implement your IT Roadmap, you will need to consider the need for a Project Management Office (PMO) and the approach to Project Management you will take, for example, Critical Chain Project Management vs PERT/CPM.
Finally, if you need support with developing your 5 Year IT Strategy Roadmap, don't hesitate to reach out to us.

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