1 / 18

Commonwealth of Virginia

Commonwealth of Virginia. I nformation T echnology. I nvestment M anagement. Overview. Sponsored By. Administered By. Commonwealth of Virginia ITIM. Purpose. To provide a general understanding of the ITIM concept and how it is implemented in the Commonwealth at the enterprise level. 2.

kera
Download Presentation

Commonwealth of Virginia

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Commonwealth of Virginia Information Technology Investment Management Overview Sponsored By Administered By

  2. Commonwealth of Virginia ITIM Purpose To provide a general understanding of the ITIM concept and how it is implemented in the Commonwealth at the enterprise level 2

  3. Commonwealth of Virginia ITIM • Leadership Questions • How are investments in information technology controlled at an agency and Commonwealth level? • How can these investments be leveraged? • How can leveraging generate ‘internal capital’? Information Technology Investment Management (ITIM) • A business investment methodology • Investments aligned to strategic direction • A comprehensive view of investments from multiple levels 3

  4. Commonwealth of Virginia ITIM ITIM Defined A management process that provides for the identification (pre-selection), selection, control, and evaluation of (business driven) IT investments across the investment lifecycle. ITIM uses structured processes to minimize risks and maximize return on investments. ITIM is the basis for the Commonwealth’s approach to technology management as approved by the ITIB in the Commonwealth Technology Policy 4

  5. Benefits 2003 Council on Virginia’s Future Long-Term Objectives Best Managed State in the Nation Commonwealth Strategic Planning Process 2005 CommonwealthInformation Technology Investment Management (ITIM) Agency Strategic Plans I.T. Strategic Plans Service Area Plans Commonwealth Strategic Plan for Information Technology 2006 Virginia: Best State for Businesses Commonwealth of Virginia ITIM • ITIM within the Performance Leadership Model (PLM) Performance Leadership Efficiency &Effectiveness Virginia MaintainsAAA Bond Rating 5

  6. Governor’s Priorities & Strategic Initiatives Agency Priorities COV I.T.Strategic Plan(Collaboration) CommonwealthInvestments SecretariatInvestments SecretariatInvestments AgencyInvestments AgencyInvestments AgencyInvestments Commonwealth of Virginia ITIM • Managing & Leveraging Investments within the PLM Alignment Investment Views Analyze investments and identify opportunities Leverage investment Create a picture of investments 6

  7. Commonwealth Strategic Planning Process Business Plans & Needs What proposed IT investments potentially solve business needs? Pre-Select Investment Results Which IT investments best meet the business needs? IT Investment Portfolio Management Tool Evaluate Select Did the selected IT investments deliver the expected business value? Are the selected IT investments performing as planned? Control Commonwealth of Virginia ITIM • ITIM Process Overview (Framework for Commonwealth ITIM) 7

  8. Commonwealth of Virginia ITIM • Why ITIM • Commonwealth goal of continuous improvement “We must pursue more aggressive, transparent goals” Governor Tim Kaine “Expand constituent impactthrough lower operation costs” • The Commonwealth must find ways to meet increasing demands through cost savingsand increased productivity • Investment management can contribute to lower operating costs and the generation of internal capital • The Commonwealth must be innovative in the way in which it invests in I.T.

  9. Commonwealth of Virginia ITIM • Maturity Levels

  10. Commonwealth Strategic Planning Process Assets (Future) ITIM Processes Projects IT Investment Portfolio (ProSight) Procurements Services (Future) Commonwealth of Virginia ITIM ITIM Information Overview (Current and Future) 10

  11. Commonwealth of Virginia ITIM Pre-Select: A Simple Example – Buying a Car • We decide we need a family car • To go to work • To shop • For recreation • To travel • To be cool 11

  12. How do I choose? Which one is most important? Commonwealth of Virginia ITIM Select: A Simple Example – Buying a Car • Select among • Price • Dependability • Safety • Gas Mileage • Sound System 12

  13. Commonwealth of Virginia ITIM Select cont’d: A Simple Example – Buying a Car 13

  14. Commonwealth of Virginia ITIM Control: A Simple Example – Buying a Car • Develop a purchase plan • Arrange financing • Drive carefully during the break-in period • Return to dealer for adjustments 14

  15. Commonwealth of Virginia ITIM Evaluate: A Simple Example – Buying a Car • Monitor expenses • Perform routine maintenance • Are we satisfied with the car? • What would be do differently next time? 15

  16. Commonwealth of Virginia ITIM • Customer Councils • VITA to establish Directorate level Customer Councils • Groups will consist of appropriate agency executive leadership representation. • Groups will work in a collaborative manner, to advise on day to day operational issues and the development and implementation of Commonwealth initiatives. • ITIM Customer Council to be established to guide future ITIM implementation.

  17. Commonwealth of Virginia ITIM • Next Steps in ITIM Maturity Education and awareness campaign Roll out investment portfolio management tool Implement standards and guidelines for the use of ITIM (Future)

  18. Commonwealth of Virginia ITIM Questions ? Contact Information Constance Scott Supervisor, IT Investment Management IT Investment and Enterprise Solutions Virginia Information Technologies Agency 804-416-6179 constance.scott@vita.virginia.gov 18

More Related