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Funding and Resource Allocation

A3

Identify sources of funding for technology-driven innovation and allocate resources appropriately based on prioritization.

Improvement Planning

Practices-Outcomes-Metrics (POM)

Representative POMs are described for Funding and Resource Allocation at each level of maturity.

2Basic
  • Practice
    Funds are granted to projects, often as part of a management overhead fund.
    Outcome
    The business understanding of innovative practices starts to be clarified.
    Metric
    # projects funded.
3Intermediate
  • Practice
    IT Innovation has its own budget and the innovation focus is managed like a business.
    Outcome
    Innovation is treated as a business asset and expectations are set of innovation to contribute professionally to business goals.
    Metrics
    • % IM budget utilized.
    • ROI for IM budget.
4Advanced
  • Practices
    • IT Innovation's resources are set in partnership with the business.
    • The innovation pipeline of projects is co-funded with business.
    Outcome
    IT's contribution through innovation to the business becomes understood and expected by the business.
    Metrics
    • % IM budget funded by business.
    • % projects in IT portfolio funded by business.
    • ROI.
5Optimized
  • Practice
    Funding processes incorporate a mix from internal IT, corporate/enterprise, and external organizations.
    Outcome
    IT's contribution through innovation to the business becomes understood and expected by the business; the influence of the enterprise on the industry adds to prestige and enterprise value.
    Metrics
    • % IM budget funded by enterprise or external partnership.
    • % projects in IT portfolio funded by enterprise or external partnership.
    • ROI.