Before developing an IT strategic plan, it is essential to review the enterprise business plan, which defines the enterprise’s structure, governance, and operations. The enterprise business plan describes the enterprise’s vision, mission, goals, objectives, strategies, and performance measures. It also outlines the enterprise’s value proposition, market position, competitive advantage, and customer segments. The IT strategic plan should align with and support the enterprise business plan by providing a roadmap for how IT will enable and enhance the business capabilities and outcomes. The IT strategic plan should also consider the enterprise’s risk appetite and tolerance, which are defined by the enterprise’s risk management framework.
The other options are not necessarily required before developing an IT strategic plan. Aligning the enterprise vision statement with business processes is part of the IT strategic planning process, but it does not have to be done before developing the IT strategic plan. Developing an enterprise architecture (EA) framework is a separate activity that can be done in parallel or after developing the IT strategic plan. The EA framework defines how to create and use an enterprise architecture, which provides a holistic view of the organization’s business, information, and technology. Reviewing the enterprise risk tolerance level is also part of the IT strategic planning process, but it does not have to be done before developing the IT strategic plan. The risk tolerance level reflects the acceptable level of variation around a particular set of risk-based objectives.
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