Objectives The S2P Value Stream allows IT to contribute to business strategy and planning enabling IT alignment with business plans. Traditional IT planning and portfolio activities put emphasis on evaluation, approval, and delivery tracking of project proposals. Discussion with business often becomes minimizing costs for IT initiatives or assets rather than the value of services provided to business from IT. The goal of the S2P Value Stream is to create an IT portfolio framework that allows IT organizations to optimize services provided to business by bringing together multiple functional areas. For example, traditional project proposal or investment Portfolio Management driven by an IT PMO needs to work in conjunction with Service (or Application) Portfolio Management driven by Enterprise Architects or Service Portfolio Managers. The S2P Value Stream aims to provide holistic views of IT portfolio activities through data integrations within multiple areas of the IT portfolio. These views provide better understanding of the inter-relationships among IT's many sub-domains, including the IT PMO, Enterprise Architecture, Application Management, IT Operations Management, and Information Security Management. Today's IT needs accurate and point-in-time information to understand the inter-relationships and inter-dependencies required to truly orchestrate all the moving parts of IT in ways that can help the IT department support business objectives and goals. Most IT organizations already have IT portfolio processes and solutions in place, but suffer from the following limitations: - Poor data consistency and quality - No holistic IT portfolio view across the IT PMO and the Enterprise Architecture and Service Portfolio functional components - Inconsistent Service and IT Portfolio Management processes - Poor tracking and correlation of service lifecycle across conceptual, logical, and physical domains The S2P Value Stream provides a blueprint for optimizing service and investment IT Portfolio Management. The end-to-end IT portfolio view provided by the S2P Value Stream raises the visibility of key data objects often overlooked during IT portfolio planning activities. Defining key data objects and relationships between data objects is easier with a proper framework. Business Value Proposition The S2P Value Stream enables IT organizations with the proper framework for interconnecting different functions supporting IT Portfolio Management. Functions such as the Portfolio Demand, Enterprise Architecture, Service Portfolio, and Proposal functional components need data consistency and proper data object hand-offs in order to optimize the organization’s IT Portfolio Management. The key value propositions for adopting the S2P Value Stream are: - Holistic IT portfolio view across the IT PMO and the Enterprise Architecture and Service Portfolio functional components - IT portfolio decisions based on business priorities - Accurate visibility of business and IT demand - IT portfolio data consistency - Service lifecycle tracking through conceptual, logical, and physical domains - Prioritized IT investment based on all IT portfolio facets including cost/value analysis, impacts on architecture, service roadmap, business priorities, etc. - Re-balance IT investments between strategic and operational demand - Solid communication with business stakeholders through roadmaps Value Stream Definition The Strategy to Portfolio (S2P) Value Stream contains both key and auxiliary functional components. Key functional components are the core and drive key activities within a value stream. Auxiliary functional components are not dedicated to a single value stream and provide relevant data objects to key functional components. The S2P Value Stream includes the following key functional components that provide the technology necessary to support IT portfolio activities: - Enterprise Architecture - Policy - Proposal - Portfolio Demand - Service Portfolio A functional component utilizes an input data object to conduct key activities and may also provide output data objects to another functional component that requires that data. The S2P Value Stream functional components are often owned and managed by different IT groups. For example, Enterprise Architects’ primary tools and solutions are different than IT PMOs’, but they must work together to optimize IT Portfolio Management. The S2P Value Stream provides a framework that ensures functional components used by IT groups can work together efficiently, through well-defined control points and data objects, to govern and model IT Portfolio Management.