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Best-practice models and recommendations for business-aligned IT
IT Strategy and Master Planning (ITSMP)
IT Strategy and Master Planning (ITSMP) is a key concept of enterprise architecture management. It consists of defining the strategic target architecture and developing a master plan — that is, a road map to get from the current situation to the desired target landscape. ITSMP is typically part of other overarching processes. For example, target architectures are derived from the business strategy process. Meanwhile, master plan development interacts strongly with project portfolio management and demand management. There are also strong relationships with application portfolio planning and technology road mapping.
Enterprise resource planning (ERP) refers to a type of software that organizations use to manage day-to-day business activities such as accounting, procurement, project management, risk management and compliance, and supply chain operations. A complete ERP suite also includes enterprise performance management, software that helps plan, budget, predict, and report on an organization’s financial results.
ERP systems tie together a multitude of business processes and enable the flow of data between them. By collecting an organization’s shared transactional data from multiple sources, ERP systems eliminate data duplication and provide data integrity with a single source of truth.
Today, ERP systems are critical for managing thousands of businesses of all sizes and in all industries. To these companies, ERP is as indispensable as the electricity that keeps the lights on.
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