It’s clear to most CEOs and CFOs that IT should be run like a business. It’s not always clear to the CIO how to make that happen. How do you transform
IT from a source of cost and complexity into a source of high-quality services? How do you deliver full transparency into what the company is getting for its investment in IT? How do you get IT activities aligned with corporate objectives and priorities? This paper gives you a starting point. It poses six questions CIOs should be asking about IT and business alignment, the answers help you structure your thinking the value IT delivers to the business. The paper focuses on two core concepts: project and portfolio management (PPM), and IT financial
management (ITFM), which are key to solving the challenge of running IT like a business.