Funding and Resource Allocation
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.