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Are You Maximizing Value & Minimizing Risk from Your IT Investments?

Your IT Cost-Benefit & Risk Visibility Blueprint for Financial & Professional Services

As an Executive in Financial or Professional Services, clear visibility into IT spending and associated risks is paramount. This self-assessment helps you evaluate your organization's IT financial transparency, value realization, and risk management, guiding you toward strategic IT investments that drive profitability and security.

Assess Your IT Financial & Risk Visibility

For each statement, select the option that best reflects your organization's current state. Your responses will help shape your personalized blueprint.

Scoring Guide:

  • 3 Points = Strong/Proactive (Fully implemented, optimized, strategic)
  • 2 Points = Moderate/Developing (Partially implemented, some gaps, evolving)
  • 1 Point = Weak/Reactive (Missing, ad-hoc, significant vulnerabilities)

SECTION 1: IT Financial Transparency & Budgeting

Gaining clear insights into IT spending and optimizing budget allocation.

1.1 We have granular visibility into IT spending across all departments, projects, and cloud services, with clear cost attribution.

1.2 Our IT budgeting process is strategic, value-based, and directly aligns with business objectives and growth initiatives.

1.3 We have a clear understanding and regularly track the Return on Investment (ROI) for our major IT investments and projects.

1.4 We effectively manage and minimize "shadow IT" spending, ensuring all technology purchases align with IT strategy and budget.

SECTION 2: IT Value Realization & Performance

Measuring IT's contribution to operational efficiency, productivity, and innovation.

2.1 Our IT systems consistently support and enhance our core business operations and strategic goals, enabling smooth workflows.

2.2 We effectively measure the productivity gains and efficiency improvements realized from our IT investments across the organization.

2.3 Our IT projects are consistently delivered on time, within budget, and realize their expected benefits and value.

2.4 IT actively enables innovation and provides a competitive advantage for our business.

SECTION 3: IT Risk Visibility & Management

Proactively identifying, assessing, and mitigating technology-related risks.

3.1 Cybersecurity risks are clearly communicated to executive leadership and the board in financial and business-centric terms (e.g., potential loss from breach, regulatory fines).

3.2 We have a comprehensive view of our data privacy and compliance risks (e.g., SOX, GLBA, PCI DSS, state-specific regulations) related to IT systems.

3.3 We effectively monitor and manage third-party IT risks (e.g., cloud vendors, software providers, managed service providers) that could impact our operations or data security.

3.4 We have a clear understanding and quantification of potential financial losses from IT-related disruptions (e.g., system downtime, data loss, cyber incidents).