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msis 616 strategic plan

msis 616 strategic plan - C I O R OA D MA P The IT...

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Headquarters Forrester Research, Inc., 400 Technology Square, Cambridge, MA 02139 USA Tel: +1 617/613-6000 Fax: +1 617/613-5000 www.forrester.com CIO ROADMAP EXECUTIVE SUMMARY It’s April and you are four months into your organization’s fiscal year. You know that within six months you’ll need to have your operating plan for the upcoming year in fairly solid shape. You also know that creating an operating plan without a longer-range strategic view is like driving a car looking only at the stripes in the road immediately in front of you. But developing or updating your IT strategic plan, avoiding thrashing, and creating a plan that drives action requires that you have a roadmap and a schedule. TARGET AUDIENCE Chief information officer STRATEGIC PLAN MUST BE CURRENT, OR IT WILL SUFFER FROM LACK OF DIRECTION Increasing IT-business alignment, improving IT governance, boosting IT value, and prioritizing IT investments are the top four CIO concerns for 2007. 1 CIOs know that they can’t attack these concerns in an unplanned, totally opportunistic manner if they want to make progress. This is why an IT strategic plan that addresses both the “what” and “how” of these priorities is essential. 2 An effective strategic plan should embody a number of attributes, from relevance to stakeholders to being just ambitious enough (see Figure 1). THE FIVE PHASES OF YOUR STRATEGIC PLAN DEVELOPMENT PROJECT Creating your strategic plan should be a project with a plan and a timeline of its own, and should be viewed as iterative. The plan is just that, a plan, and is subject to revision as the business changes. Like any IT project, your strategic plan development should pass through five phases, with their distinct activities, followed by the ongoing activities of monitoring and governing and reviewing results following roll-out (see Figure 2). Phase One: Define Your Plan’s Purpose A clear purpose for your strategic plan enables you to focus your work, which favorably influences the amount of effort you put into its development, its length (a focused plan will be shorter than an un-focused one), and your audience’s understanding of the plan (more will be gained from a shorter, focused plan than from a longer one). This phase will involve the following activities: April 10, 2007 The IT Strategic Plan Step-By-Step Deliver An Actionable Plan In A Reasonable Timeframe by Alex Cullen and Marc Cecere with Craig Symons, Bobby Cameron, Lewis Cardin, Laurie M. Orlov, and Bo Belanger
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CIO Roadmap | The IT Strategic Plan Step-By-Step 2 © 2007, Forrester Research, Inc. Reproduction Prohibited April 10, 2007 Figure 1 Attributes Of Effective Strategic Plans Figure 2 Phases Of Strategic Plan Development And On-Going Review Source: Forrester Research, Inc. 42024 Relevant to stakeholders Efficient — covers just what is needed Traceable — from performance measures back to business needs and drivers Documents assumptions and rationale Fits IT governance (decision-making, oversight) model Broadly communicated Has a direct impact on group and individual objectives
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