The IT Planning Process Results in a Formal IT Strategy

question 42

True/False

The IT planning process results in a formal IT strategy or a re-assessment each year or each quarter of the existing portfolio of IT resources.

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Definitions:

GDP

The total market value of all goods and services produced within a country in a specific period, a broad indicator of economic performance.

Real GDP

Real Gross Domestic Product, which adjusts the GDP for inflation to show the actual worth of an economy's total production of goods and services within a year.

Real Terms

Refers to economic measures adjusted for inflation, enabling comparison of purchasing power across different times.

Population

The total number of people inhabiting a particular area, country, or region.