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Real Business of IT: How CIOs Create and Communicate Value by George Westerman, Richard Hunter

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Assess and Select IT Investments Transparently

CHAPTERS 4 and 5 discussed the first part of the virtuous cycle: needs identification. In this chapter we turn our attention to the next step, transparent investment. In a transparent investment process, opportunities meet a well-defined prioritization process designed to identify winning proposals. The output of the process is a set of approved initiatives for development (along with a list of rejected or deferred initiatives).

It goes without saying that choosing the right projects is as important to delivering value as strong execution in project management. In IT, as in finance, not all opportunities ...

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