Capital Planning and Investment. With many CIOs facing IT budgets exceeding the billion dollar mark, knowing the tools for successful capital planning and investment is crucial to the prosperity of the business. First, know your business. Daryl White , CIO of the Department of the Interior, agrees understanding your organization is the most important step in planning. Whether you are a CIO in business or government, the mission is to support the business and improve its operations.
Metrics is essential in the process.
He believes the rapidly changing e-business environment requires it. It's also the reason Glotzbach is cautious of formal planning sessions. When sitting down to plan allocation, he achieves success through informality. Informality is a better way to allocate capital because business is moving so fast. Unlike Lorentz and Glotzbach, White does not have direct authority over his organization's IT budget.