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There are four main reasons to consider a vCIO Management Software

  1. Prioritizes demand
  2. Stops duplication
  3. Helps coordination
  4. Provides data-driven insights

Let’s consider each of these in detail

CIO Solution

1. Prioritizes Demand

Make the best technology investments using real-time data. Stop the never-ending text, emails, phone calls, and endless contentious meetings to reach a decision.

Maintain Demand Register

Maintains a central register of all ideas and requests for technology. Provides a repeatable process to capture all stakeholders ideas (demands) for changes to the technology environment and enables demand assessment.

Perform Demand Assessments

Links ideas to the strategies they impact and the business processes and capabilities they affect. Enables management to see the “big picture.” Evaluate the impact of requests early in the process and identify the business owners, and the approval process and capture the anticipated benefits.

Generate Impact Analysis

Visualizes the request for change by graphically displaying the people, capabilities, processes, applications, technologies, and information impacted by the proposed change. Enables management to assess each request for technology using trade-off analysis and make investment choices based on pre-established criteria.

2. Stops Duplication

Stops the wasteful duplication of applications, technology, and IT systems. Optimizes your technology portfolio that performs the same or similar functions to save money, reduce technology complexity and streamline processes

Business Application Inventory

Track all key business application attributes including contacts, lifecycle, risk, value, and alignment. Determine gaps in the application, focuses investment dollars on the applications with the maximum return.

Administer Target Retirement Candidates

Administer the utility of technology using a lifecycle that tracks the stages of the technology (tolerate, invest, migrate, eliminate). Retire duplicate and unused applications to save money, reduce complexity and streamline processes.

Aligns Projects with Programs

Links individual projects to a business initiative (i.e., reduce paperwaste, etc.) so management can monitor which projects are contributing the most to a program’s progress.

Monitor Inflight Projects

Maintains a central project inventory that monitors the health and status of projects. Includes instant reporting on project status, state and health enables easy coordination of resources assigned to projects.

3. Easy Coordination

vCIO software improves technology trade-off discussions using a repeatable and disciplined process to make better-informed decisions, remove roadblocks and assess business value before the money is spent.

Aligns Business Drivers with Programs

Maintains a central program inventory that links Business Drivers with Programs (business initiatives), highlighting which programs are delivering the most business value.

4. Data-Driven Insights

Maintains a unified view of your entire technology landscape. vCIO software includes real-time dashboard data enable the right decision to be made on the spot. Increases productivity while reducing risk by using simple “what-if” data analytics.

Real-time Technology Health Dashboard

Visualization of the most current data using graphs and charts. Uses Gartner’s TIME lifecycle rankings (Tolerate, Invest, Migrate, Eliminate) to identify emerging trends, monitor efficiency, and eliminate redundancies while maximizing reuse.

Export data to Excel

Exports data to spreadsheet format for easy sharing and offline analysis.

Generate Detailed Asset Investment Report

Financial reports that detail the true cost of the entire technology landscape that is reported to management enabling simple investment rebalancing and asset management. Now you’ve seen the general advantages of the Virtual CIO Management software. Unfortunately, not all vCIO management software is the same…

Challenges - Some vCIO Software is NOT the Same

Some alternatives have serious challenges…

Some don’t include business strategy

When aligning technology with the business strategy some systems cannot link the relevant components automatically -forcing you to maintain it manually.

Missing program and project vitals

Many don’t have detailed project data & analytics, so you have no visibility into overall project health. You’re left in the dark without a way to improve.

No Portfolios

Few have an application portfolio management inventory or a service catalog, making it is impossible to link technical infrastructure to the business applications that it supports.

No Business Intelligence

Most systems lack customizable dashboards or a facility to modify or add unique dashboard panels.

Too Hard to Use

Most vCIO software is difficult to use and requires deep technical modeling knowledge to operate (steep learning curve).

OK - What Next?

So, how do you ensure your vCIO software

Perhaps you should consider…

Perhaps you should consider…