ITP's major goal is to streamline IT investment and decision-making planning procedures, resulting in a more flexible, adaptive, and tightly linked process.
This dynamic strategy ensures that the wheels of technology planning revolve quickly and efficiently, adjusting to the always changing IT world.
Manual preparation of multiple plans and selection of the best one would be time-consuming for most organizations, especially considering the availability of the necessary information for comparison.
Planning tools provide a common inventory of application data including costs, life cycles, and owners, so that planners have easy access to the information that drives their decisions.
Users utilize this functionality to identify areas where IT capabilities need to be built, enhanced, or scaled back, thereby driving IT's strategy.
Reports guide the planning team's decisions, such as identifying applications with redundant capabilities, those that have not been upgraded, or those plagued with costly issues.
Companies like Barclays Bank, Accenture and Vodafone as well as Government agencies like Department of Homeland Security and Los Alamos National Laboratory, have made investments in strategic IT planning capabilities and returns on investment as great as 700% have been validated for these kinds of projects.