Information Resource Management (IRM) recognizes that information is an asset. Like other business assets, it is created as the result of significant expenditures and effort. Therefore, it must be managed as any other business asset to produce value. The return on investment for Information Resources occurs when the resources enhance the effectiveness and/or the efficiency of the organization in carrying out its mission.   Strategic Information Resource Management Planning (SIRMP) is a process for identifying and prioritizing IT projects based on an organization's business strategy. SIRMP helps build the IT project portfolio that's right for you based on these core concepts:
Information Resource Management - business information, business processes, and the IT projects that enable them are organizational assets, and should be managed as such.
Business Driven Projects - IT projects should address the true needs of the business.
Strategic Priorities - The portfolio of IT projects should be tuned to best support the organization's business strategy.