Hi Everyone, Happy Monday!
If you’re unfamiliar, Gartner's TIME Model is a strategic framework used in IT portfolio management to evaluate and make decisions about a company's IT projects and investments. It helps organizations prioritize projects, rationalize IT investments, and align them with their business goals.
The TIME acronym stands for:
- Tolerate: These are IT assets that are critical to the business but might not be aligned with the company's technology strategy. They are often legacy systems that are expensive to maintain but still deliver value. The recommendation here is to tolerate them until a better solution can be found.
- Invest: These are IT assets that are well aligned with the business strategy and have the potential to deliver significant benefits. They often represent new or innovative technologies. The recommendation here is to invest in these assets to maximize their potential value.
- Migrate: These are IT assets that are less critical to the business and not well aligned with the technology strategy. They might be old technologies that need to be replaced. The recommendation here is to migrate or upgrade these assets to better align with the company's strategy.
- Eliminate: These are IT assets that are not critical to the business and do not align with the technology strategy. They often represent redundant, outdated, or underperforming technologies. The recommendation here is to eliminate these assets to reduce costs and complexity.
If you want to read up on it more ahead of the webinar, you can do so here with our guide.
So, has your EA team utilized the TIME model before? Do you think it’s helpful? Are there different models/frameworks your organization has utilized instead?