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In order to be a significant player in the digital transformation DX game, it is imperative that CIOs shift from project and budget management to a product management mindset. Such a shift allows for CIOs to manage value instead of cost, creating a scenario where they can minimize product thinking, time-to-value thinking, and focus instead on return-on-investment responsibilities. There is a long tradition in IT to split budgets between development and running. Running is about maintaining a cost-efficient delivery of existing agreed services, while development is about getting new or improved processes incorporated into the running function of IT. As part of this, the development portion needs to be carefully planned and run as a project with well-defined budgets, expectations, and a specific completion date. Compare and contrast this with the way modern product management is done. The product manager is responsible for the strategy, roadmap, and feature definition for that product or product line. In the bigger picture, a successful CIO needs to adopt a product-centric approach to managing everything IT does.

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Leadership Role of the CIO The Roles And Responsibilities Of The Cio The Roles And Responsibilities Of The Cio

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