Val IT

Val IT is a framework and supporting publications addressing the governance of IT-enabled business investments that consists of a set of guiding principles, and a number of processes conforming to those principles that are further defined as a set of key management practices.

• Define the relationship between IT and the business and those functions in the organization with governance responsibilities;
• Manage an organization's portfolio of IT-enabled business investments; and
• Maximize the quality of business cases for IT-enabled business investments with particular emphasis on the definition of key financial indicators, the quantification of "soft" benefits and the comprehensive appraisal of the downside risk
• Val IT addresses assumptions, costs, risks and outcomes related to a balanced portfolio of IT-enabled business investments. It also provides benchmarking capability and allows enterprises to exchange experiences on best practices for value management.

Source: ISACA web site