Ninety-three percent of business leaders believe IT strategic planning is important, yet only 23% believe IT does strategic planning well. Strategic planning often takes months to complete and requires significant time investment from management. This leads to a lot of wasted effort by IT teams if the end result is not effective.
The best strategic plans contain four critical elements:
- A strategy statement that summarizes the overall plan in one or two sentences,
- A list of key assumptions that inform the strategy,
- Measurable goals, with metrics to track progress,
- A list of 5-7 key initiatives to achieve the strategic goals, tied to the specific business objectives they support.
This page relates to CEB’s work on the IT strategic planning process. To learn more about the strategic direction of IT, please see our work on Adaptive IT.