Abstract

This chapter provides the underlying context to IT value network management, discussing IT value: capture, enabling, optimization, and realization. IT investment value is initially captured through strategic planning and supporting operational plans, aligned to the value chain, with input from networked value management. IT value network management is a set of processes, which capture, enable, optimize, and realize value from IT investment, depicted in six degrees of IT value. Capturing the value of IT investments includes identifying, justifying, prioritizing, and selecting investments. Realizing the value from IT investments amounts to nothing short of booking the value on the firm's ledgers. The IT value network management framework consists of four elements of IT value: capture, enabling, optimization, and realization. Optimizing the value of existing and new IT investments focuses on IT execution or deployment.

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