It’s planning season again, and by this time of year, most organizations have taken at least a first pass at their 2013 budgets. For the average IT organization, the outlook is decidedly bleaker than it was in 2012. CEB’s 2013 IT benchmarking survey shows budgets increasing 1.8% on average, about one-half of this year’s rate.
Conservative budgets are putting increased pressure on IT executives to carefully roadmap their technology deployments and ensure that precious discretionary dollars are getting the best returns. When done right, roadmaps are uniquely powerful collaboration and decision support tools that align technology choices to business objectives, govern technology selection, and guide project portfolio prioritization.
In addition, the financial benefits of roadmapping are substantial. Our research on organizations with IT budgets over $75 million shows that high-quality roadmapping delivers up to 10% returns through a combination of time savings, reduced operating costs, and better investment decisions. In these tight times, those are meaningful savings for any executive.
The unfortunate reality in many IT organizations, however, is that roadmapping is either insufficiently mature or highly decentralized. According to a CEB survey, 70% of IT executives expressed dissatisfaction with their roadmapping activities. The result is a technology portfolio that costs more than it should, is poorly aligned with business strategy, and quickly turns into “shelfware.”
In response to clients’ frustrations with existing methods, CEB developed a new solution for creating, visualizing, and executing on IT roadmaps: IT Roadmap Builder. This cloud-based decision support tool enables organizations to plan efficiently, budget appropriately, and ultimately reduce risk inside and outside the IT organization.
Users say one of IT Roadmap Builder’s key advantages is that it provides a systematic and repeatable framework at each stage in the roadmapping process—creation, validation, communication, execution, and refresh.
IT executives who have made IT Roadmap Builder part of their leadership toolkit have successfully reduced unnecessary cost, saved time, and significantly improved collaborative decision-making with their business partners.