Time in months to respond to major business shifts

This measure calculates the average number of months it takes to respond to a major business shift. A major shift is defined as entry into a new market or market segment; an example is integration of an acquired company. This measure is part of a set of Cycle Time measures that help companies analyze the duration of the process "manage the business of information technology" from beginning to end.

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Measure Category:
Cycle Time
Measure ID:
103433
Total Sample Size:
381 All Companies
Performers:
25th
- Median
- 75th
-
Key Performance
Indicator:
Yes

Compute this Measure

Units for this measure are months.

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Time in months to respond to a major business shift

Key Terms

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Cycle Time

Cycle time is the total time from the beginning of the process to the end. This includes both time spent actually performing the process and time spent waiting to move forward.

Median

The metric value which represents the 50th percentile of a peer group. This could also be communicated as the metric value where half of the peer group sample shows lower performance than the expressed metric value or half of the peer group sample shows higher performance than the expressed metric value.

Measure Scope

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Cross Industry (7.1.0)

  • 8.1.1 - Develop the enterprise IT strategy (10570) - Creating a strategy for the IT function. Build strategic IT intelligence. Recognize the current and future IT needs of the organization. Establish the guidelines and principles that support the IT function. Develop the architectural structure of IT function. Establish relationships with IT components suppliers. Define IT governance. Align IT objectives with the overall business objectives.
    • 8.1.1.1 - Build strategic intelligence (10603) - Developing strategic intelligence for IT. Develop a strategy that pertains to collecting, processing, analyzing, and disseminating intelligence in order to form an IT policy. Create a plan for a mission and vision for IT business within the organization.
    • 8.1.1.2 - Identify long-term IT needs of the enterprise in collaboration with stakeholders (10604) - Making the planning process for IT investments and decision making a quicker, more flexible, and more thoroughly aligned process. Recognize the organization's current and future information technology including computers, computer peripherals, trace route, DNS lookup, ping, routing tables, ARP tables, and interface statistics.
    • 8.1.1.3 - Define strategic standards, guidelines, and principles (10605) - Establishing the rules and regulations that will guide the IT function. Establish strategic standards regarding the organization's IT tools in order to share information about practices based on replicable, proven procedures.
    • 8.1.1.4 - Define and establish IT architecture and development standards (10606) - Establishing a process to develop methodical IT specifications, models, and guidelines.
    • 8.1.1.5 - Define strategic vendors for IT components (10607) - Establishing the suppliers of IT components. Create and maintain relationships with suppliers of IT components. Identify and assess the most cost-effective and efficient vendors.
    • 8.1.1.6 - Establish IT governance organization and processes (10608) - Creating and establishing an internal department that ensures the effective and efficient use of IT. Define IT demand governance to ensure the effective evaluation, selection, prioritization, and funding of competing IT investments. Oversee their implementation. Extract measurable business benefits.
    • 8.1.1.7 - Build strategic roadmap to develop IT capabilities in support of business objectives (10609) - Designing a strategic plan that specifies the goals and objectives of IT function and how it contributes to the overall business objectives. Align with the business objectives of the organization.
  • 8.1.2 - Define the enterprise architecture (10571) - Outlining the organization's IT architecture. Establish the IT architecture definition and framework. Create and confirm the approach for the maintenance of it. Ensure the relevance of it. Create the rules and regulations to guide the IT architecture. Act as the clearinghouse for all the IT research and innovation that takes place within the organization.
    • 8.1.2.1 - Establish the current and future enterprise architecture definition (10611) - Establishing the process to develop methodical IT specifications, models, and guidelines for the organization. Define a process specific to the needs and requirements of the organization. Assess the interrelationships of the business process architecture, the information architecture, the components and services architectures, and the infrastructure architectures to ensure their continued relevance.
    • 8.1.2.2 - Confirm enterprise architecture maintenance approach (10612) - Developing an approach for the maintenance of IT architecture.
    • 8.1.2.3 - Maintain the relevance of the enterprise architecture (10613) - Preserving the relevance of IT architecture. Ensure that the IT architecture is consistent with shifts and changes within the organizational framework and pertinent to the organization's overarching strategy.
    • 8.1.2.4 - Act as clearinghouse for IT research and innovation (10614) - Creating a centralized support structure that gathers, administers, and dispenses information relevant to new developments within IT research and innovation. Establish the IT function as the center through which all the information about the IT research and innovation can be collected, stored, and distributed. Enable the IT function to be the sole authority that takes care of all the technology information communication and settlement processes.
    • 8.1.2.5 - Govern the enterprise architecture (10615) - Administering the governance of IT architecture. Create and establish the rules, regulations, policies, and standards that will govern the individual components of the IT architecture, as well as the architecture in its entirety.
  • 8.1.3 - Manage the IT portfolio (10572) - Creating and establishing the portfolio by defining the projects, investments, and activities. Analyze and examine the value of the IT portfolio. Allocate resources toward it.
    • 8.1.3.1 - Establish the IT portfolio (10616) - Creating and establishing IT investments, projects, and activities (collectively known as the IT portfolio). Include planned IT initiatives and ongoing IT services (such as application support).
    • 8.1.3.2 - Analyze and evaluate the value of the IT portfolio for the enterprise (10617) - Examining and evaluating the value of the IT portfolio for the organization as a whole. Explore and interpret the value of the investments, projects, and activities of IT function by assigning it a quantifiable and qualitative value.
    • 8.1.3.3 - Provision resources in accordance with strategic priorities (10618) - Allocating financial and physical resources for the IT portfolio, keeping in consent with the overall strategic priorities of the IT function.
  • 8.1.4 - Perform IT research and innovation (10573) - Performing research and innovating effectively in order to improve the IT function. Perform a systematic investigation to find new IT services and solutions or to develop the existing ones. Upgrade and transform technologies that serve as the basis for the IT services and solutions.
    • 8.1.4.1 - Research technologies to innovate IT services and solutions (10620) - Systematically investigating and study materials and sources relevant to the IT function. Reach meaningful insights and conclusions in the form new ideas and innovation for the IT function.
    • 8.1.4.2 - Transition viable technologies for IT services and solutions development (10621) - Enhancing and improving the performance of IT services and solutions for the careful and routine transformation of the most feasible and practical technologies.
  • 8.1.5 - Evaluate and communicate IT business value and performance (10575) - Determining the business value of IT, and effectively conveying it to stakeholders. Establish key performance indicators of the overall performance of the IT plan. Communicate the determined value and performance of the IT function to stakeholders.
    • 8.1.5.1 - Establish and monitor key performance indicators (10625) - Evaluating IT factors that are crucial to the organization's success. Measure indicators such as IT costs as percentage of revenue, IT maintenance ratio, and system downtime.
    • 8.1.5.2 - Evaluate IT plan performance (10626) - Assessing the performance of the IT plan. Using the established performance indicators to measure the effectiveness and efficiency of the IT plan.
    • 8.1.5.3 - Communicate IT value (10627) - Conveying the value of IT to stakeholders. Use the evaluation of IT plan performance in order to determine the value of the IT function for the overall business objectives. Communicate the determined value of the plan to stakeholders including the shareholders, employees, and vendors.