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ITIMs

ITIMs, or IT Investment Management, refers to a discipline and set of processes for managing information technology investments throughout their lifecycle to maximize value and minimize risk. It arose from government and organizational efforts to bring disciplined, transparent governance to IT spending and to align IT initiatives with mission and strategy.

Origin and purpose

ITIM frameworks emerged in the late 1990s as part of broader federal and enterprise governance efforts, including

Framework and lifecycle

ITIMs encompass processes that cover the IT investment lifecycle. Common elements include identification and validation of

Key concepts and artifacts

Central ideas include governance structures for investment decisions, portfolio management, project and program management integration, benefits

Impact and scope

ITIMs influence both government and private-sector practice by promoting disciplined budgeting, transparent decision making, and ongoing

Clinger-Cotter
Act-inspired
controls
on
information
technology
investment.
The
goal
is
to
improve
decision
making
about
which
IT
projects
to
pursue,
how
to
fund
them,
how
to
manage
them
during
execution,
and
how
to
measure
realized
benefits.
While
rooted
in
public-sector
practice,
ITIM
concepts
have
been
adopted
by
many
private-sector
organizations
as
part
of
IT
governance
and
portfolio
management.
potential
investments,
selection
and
funding
decisions
based
on
criteria
such
as
cost-benefit
and
risk,
ongoing
control
and
oversight
during
delivery,
and
evaluation
of
results
after
deployment.
A
key
aim
is
to
maintain
an
IT
investment
portfolio
that
balances
risk,
cost,
and
expected
benefits,
and
to
inform
re-allocation
of
resources
as
needed.
realization,
risk
management,
and
performance
measurement.
Typical
artifacts
include
investment
proposals,
business
cases,
benefit
realization
plans,
dashboards,
and
post-implementation
reviews.
assessment
of
value.
Criticisms
often
focus
on
measurement
challenges
and
potential
bureaucracy,
underscoring
the
need
for
data
quality
and
executive
support.