Technology Business Management Council (TBM) is a strategic approach to managing technology investments and resources to achieve business objectives. It helps organizations align IT with business strategy, improve IT decision-making, and optimize IT costs.
Here are 5 best tips for successful TBM implementation:
1. Start with a clear vision and goals.
Before you embark on your TBM journey, it’s important to define what you want to achieve. What are your specific business objectives? How will TBM help you meet those objectives? Having a clear vision and goals will help you stay on track and make informed decisions throughout the implementation process.
2. Align IT with business strategy.
TBM is about breaking down silos between IT and the business. It’s about ensuring that IT investments are aligned with business priorities and that IT resources are used to support the organization’s strategic goals. To achieve this alignment, it’s important to involve business stakeholders in the TBM process from the very beginning.
3. Establish clear governance and accountability.
TBM is not a one-time project; it’s an ongoing process that requires continuous
governance and accountability. Define clear roles and responsibilities for TBM activities, and ensure that there is a process for measuring and reporting on progress.
4. Invest in data and analytics.
Data is essential for effective TBM. It allows you to track IT costs, usage, and performance. It also helps you identify opportunities for improvement and make informed decisions about IT investments. Invest in the tools and resources you need to collect, analyze, and visualize data.
5. Build a culture of collaboration and communication.
TBM is a collaborative effort that requires input from across the organization. Foster a culture of open communication and collaboration between IT and business stakeholders. This will help to ensure that everyone is on the same page and that TBM is a success.
By following these tips, you can set your organization up for success with TBM. TBM can help you improve IT decision-making, optimize IT costs, and achieve your business objectives.