Developing a Successful IT Strategy and Roadmap for Alternative Investment Organizations

At Lionpoint, we believe that developing a successful growth platform or conducting a successful transformation comes from developing core guiding principles that align with the organization’s strategic plan. Successfully developing and executing a thoughtful system diagnostic analysis or IT strategy requires an experienced, diligent team of experts. The end result enables a clear understanding of the technology, identification of gaps and a clear roadmap to enable its capabilities for best use in the organization. Our approach varies based on the scale and area of focus required, however in most cases there are three core phases:

1. Understanding of “As Is” and Developing Target State Needs:

This stage of work includes validating the organization’s current operating model, including business processes and supporting IT architecture and infrastructure, through detailed facilitated workshops and interviews with principle areas of the business and technology. This analysis will help with management’s assessment of alternatives and requirements.

2. Establish Business and IT Priorities:

Based on the components and understanding of “as is” and target state needs, this phase documents key priorities and functionality required to perform daily, quarterly, and annual activities of the business.  It includes defining the principles for the Target State operating model by aligning business requirements and overall business strategies as well as identifying known operating model constraints of the organization.

Ideally Level 2 process maps are created showing hand offs between functional teams as well as what technologies are used to support them.  A Target State operating model is typically created and socialized within the business at this point.  The information is leveraged to develop a clearly defined fit-gap assessment.

Strategic Advisory_1

Strategic Advisory_2

3. Develop Business Case, Roadmap and IT Strategy:

Information from the first two phases is leveraged to develop recommendations to close process and technology gaps and inefficiencies. This includes the development of a clearly defined roadmap of how to successfully achieve the prioritized objectives. Key deliverables in this final step typically include the following:

  • Detailed project work plan
  • Documented system application and infrastructure architecture diagrams
  • Documented IT and business requirements by functional area (both current and future state)
  • Level 2 target state process maps
  • Recommended organizational process changes and “Quick Wins” to be implemented based on alternative investment industry best practices developed by Lionpoint
  • Documented high level fit-gap assessment of requirements versus existing functionality
  • Documented Business Case and roadmap for execution of the stated recommendation including time, cost, resource and “impact to business” estimates
  • Agreed “Straw Man” target state operating model