Effective Strategies for Preventing IT Investment Management Issues

A.

The CIO has identified that the IT investment management processes are not fully realizing the benefits identified in business cases. In order to prevent this issue, there are several options available to the CIO. Let's examine each option in detail to determine the best course of action.

Option A: Document lessons learned throughout the investment life cycle. This option involves documenting lessons learned throughout the investment life cycle. This is a good practice as it allows the organization to capture and share knowledge from previous investments, and use that knowledge to improve future investments. However, it may not be enough to prevent the issue identified by the CIO, as it does not address the root cause of the problem.

Option B: Perform stage-gate reviews throughout the life cycle of each project. This option involves performing stage-gate reviews throughout the life cycle of each project. Stage-gate reviews are a structured approach to project management that involve reviewing a project at different stages to ensure it is on track and meeting its objectives. This is a good practice as it ensures that the project is aligned with the business case and the overall objectives of the organization. However, it may not be enough to prevent the issue identified by the CIO, as it does not address the root cause of the problem.

Option C: Evaluate the delegation of investment approval authorities. This option involves evaluating the delegation of investment approval authorities. This is a good practice as it ensures that the right people are making investment decisions and that those decisions are aligned with the overall objectives of the organization. However, it may not be enough to prevent the issue identified by the CIO, as it does not address the root cause of the problem.

Option D: Establish a requirement for CIO review and approval of each business case. This option involves establishing a requirement for CIO review and approval of each business case. This is the best option as it ensures that the CIO is involved in the investment decision-making process and can ensure that the investment is aligned with the overall objectives of the organization. By reviewing each business case, the CIO can identify any issues that may prevent the investment from realizing its benefits and take corrective action.

In conclusion, the best way to prevent the issue identified by the CIO is to establish a requirement for CIO review and approval of each business case. This will ensure that the CIO is involved in the investment decision-making process and can take corrective action if necessary.