What is a Technology Acquisition Plan?
A technology acquisition plan outlines the process for acquiring and managing new technologies. It should include the objectives, actions, and metrics to be used to acquire and maintain the technology. The plan should also include a timeline for implementation and maintenance of the technology. A technology acquisition plan can help organizations save time and money, and make sure their technology implementation is successful.
What's included in this Technology Acquisition Plan template?
- 3 focus areas
- 6 objectives
- 6 projects
- 6 KPIs
Each focus area has its own objectives, projects, and KPIs to ensure that the strategy is comprehensive and effective.
Who is the Technology Acquisition Plan template for?
The Technology Acquisition Plan template is designed for IT leaders, managers, and teams of all sizes and industries who need to create a plan to acquire and manage new technology. The template provides a comprehensive framework for creating a plan that covers all aspects of technology acquisition, from determining objectives and setting measurable targets, to implementing projects and monitoring progress.
1. Define clear examples of your focus areas
Focus areas are the main areas of focus for the technology acquisition plan. Examples of focus areas may include technology acquisition, implementation, and maintenance. For each focus area, objectives, actions, and metrics should be outlined.
2. Think about the objectives that could fall under that focus area
Objectives are the goals that the plan seeks to achieve. Objectives should be specific, measurable, and achievable. For each focus area, objectives should be defined that are related to the focus area and can be measured.
Examples of some objectives for the focus area of Technology Acquisition could be: Develop an efficient process for acquiring new technology, and Streamline technology acquisition processes.
3. Set measurable targets (KPIs) to tackle the objective
Key Performance Indicators (KPIs) are metrics that can be used to measure the progress of the objectives. KPIs should be measurable, specific, and relevant to the objectives. Examples of KPIs may include accuracy of evaluations, time needed for acquisition or implementation, or cost savings.
4. Implement related projects to achieve the KPIs
Projects, or actions, are the steps that need to be taken to achieve the objectives and KPIs. Projects should be specific, measurable, and achievable. Examples of projects may include establishing criteria for evaluation, reducing the timeline for acquisition or implementation, or implementing cost-saving measures.
5. Utilize Cascade Strategy Execution Platform to see faster results from your strategy
Cascade Strategy Execution Platform is a comprehensive platform designed for creating and executing strategies. Cascade allows users to create a custom plan, track progress, and view results in real time. With Cascade, users can easily create and manage their technology acquisition plans, and see faster results from their strategies.