P2P

winter23

Peer to Peer: ILTA's Quarterly Magazine

Issue link: https://epubs.iltanet.org/i/1515316

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19 I L T A N E T . O R G I n today's world, where data breaches are often in the headlines and laws are constantly changing, organizations are finding themselves in a crucial spot where there's much at stake but also great possibilities. Information governance, which you may recognize as a critical topic in these discussions, is no longer just a background operation. For any organization looking to successfully navigate these challenging times, it has become a fundamental strategy. Crafting a detailed and clear business case is vital for information governance professionals looking to kick off new initiatives in their area. In this article, Chris Hockey will guide you to building a business case that resonates. Chris Giles will help you understand the process and how to communicate its value to get the buy-in and resources necessary from stakeholders. The Basics "Discussing a 'business case' means delving into the rationale for initiating new projects or ventures," explains Chris Hockey. "It resembles arguing in court," he continues, "where your audience is not a jury but your organization's leaders, whom you must persuade of your plan's investment worthiness. Why should they care? What's in it for them and the organization? How much will it cost, and what are the benefits? This covers not only the financial impact but also a narrative that resonates with your organization's goals, addressing key stakeholder concerns like enhancing efficiency, compliance with regulations, and protecting client privacy". Hockey goes on to describe the following steps to formulating a credible argument for an information governance strategy: The strategic blueprint: Aligning information governance with organizational vision Amidst the complexities of daily operations, your strategic plan serves as your guiding North Star. Your department's strategic plan does more than list daily tasks; it aligns every decision and project with your organization's overarching goals. Integrating your information management strategy as a core element of your broader mission and vision is crucial and should not be an afterthought. This ensures that each step in your information governance plan significantly advances towards your organization's ultimate goals. Foundational role of the strategic plan A strategic plan is crucial when navigating the complex field of information governance. Lacking such a plan, developing a business case turns into aimless wandering. A strategic plan serves as your reference point, helping to discern whether an initiative is a short-term fix or a substantial step toward your organization's broader goals. For instance, consider whether investing in the latest technology will significantly advance your organization's digital transformation. Alternatively, assess if modifying your services will provide a competitive advantage in achieving compliance objectives. These decisions require direction that only a well-thought-out strategic plan can provide. Long-term goals as a beacon for business cases A strategic plan can't be a mere formality. It makes sure that every project you pitch is not just a short-term fix but a building block for your organization's future. This plan lights the way, ensuring that your proposals are always moving you forward, rather than merely responding to the latest fire drill. Embedding strategic planning in information governance For those immersed in information governance, consider the strategic plan as your essential guide. It concerns both your final goals and the core values that guide your team through challenges such as managing large amounts of data,

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