Business Plan Development
Formulate, review, revise, canvass support for, finalize, and sign-off the IT business plan.
Improvement Planning
Practices-Outcomes-Metrics (POM)
Representative POMs are described for Business Plan Development at each level of maturity.
- 1Initial
- Practice
- Use last years actuals with adjustments for major items.
- Outcome
- A basic plan results however it may not address all of this years challenges.
- Metric
- # of budget items which are different from last years actuals.
- 2Basic
- Practice
- Develop some elements of prioritization in the plan, particularly in relation to operational and any major technology issues.
- Outcome
- The plan covers operational costs but also identifies key technology initiatives.
- Metric
- # and % of prioritized initiatives implemented.
- 3Intermediate
- Practice
- Ensure there is input from some business unit stakeholders into the budget planning process.
- Outcome
- A plan is developed with greater coverage that enables the implementation stages of the plan to be more effective.
- Metrics
- # of IT and business assumptions and estimates.
- # of quality review meetings.
- 4Advanced
- Practices
- Develop priorities and assumptions jointly between IT and rest of the business.
- Ensure planning participants having sufficient experience, authority, and competence to contribute.
- Outcome
- The plan has more organization-wide acceptance and is perceived as a contributor to overall Business Planning.
- Metrics
- # of plan drafts.
- Checklist: What quality criteria are specified in the plan?
- # of IT and business requirements.
- 5Optimized
- Practice
- Validate plan estimates and assumptions using economic modelling tools and input from all relevant stakeholders.
- Outcome
- A better aligned and more accurate plan is in place.
- Metrics
- % of contingency budget used.
- # of approval cycle submissions.