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Virtual CIO

With the ever-increasing pressure of rapidly evolving technology, complex compliance requirements, security threats and a need to remain competitive, organisations must have a clear IT strategy designed to deliver growth, reduce risk and drive efficiency.

There is a clear need to have a single senior technology executive responsible for developing and managing IT strategy, decision-making and on-going company-wide operations and projects who can successfully bridge between IT and corporate strategy, business alignment, and business change.

We have a proven track-record of providing Virtual CIO services to mid-market organisations, working with Boards, Senior Executives, and Partnerships and helping organisations to move IT from being a cost centre to a being part of a growth strategy.

Very often organisations are looking to outsource the IT function as a whole. Having the service provider acting as the business’s trusted adviser as well as supplying support and maintenance services allows a close alignment between the virtual IT Director and the running of IT operations.

vCIO Role & Responsibilities:

To help mid-market organisations navigate the IT landscape whilst staying safe, profitable and innovative, Lumina Technologies provides a dedicated virtual IT Director or vCIO service. The Virtual CIO works as part of the organisation’s senior leadership team on a retained basis to provide leadership and guidance and assumes responsibility for, amongst others:

Developing an IT strategic plan aligned to corporate objectives.

Developing a digital transformation strategy.

Defining and managing the IT strategy for the next one, three and five years.

Defining and managing the annual IT budget including forecast and actual expenditure.

Developing a forward-thinking culture.

Developing measures to demonstrate ROI.

Reviewing and advising on project proposals, including business case, cost and suitability.

Reviewing and advising on investment decisions.

Reviewing and advising on operational efficiency.

Reporting to the Board.

Project management with vendor selection and supervision.

Your Due Diligence:

  • Are the proposed solutions routinely supported by a robust business case?
  • Does the provider have a reputation for integrity?
  • Can the provider supply references or testimonials?
  • Is there an existing trust relationship with the provider?
  • Is proposed IT spend in line with industry benchmarks?
  • Is the provider able and willing to work with or manage other external suppliers?
  • Do proposed solutions overtly benefit the provider?

Our Virtual CIO Services

Our vCIO offering starts from £1600 per month and include:

  • Attendance of an annual Strategic Offsite day.
  • Production of the Annual Strategic Plan and presentation to the Board.
  • Production of an Annual IT Budget Plan.
  • Management and reporting of Budget vs Actuals.
  • Quarterly reviews.
  • Monthly management reporting.
  • Ad-hoc advice and guidance.

For your bespoke vCIO service, speak to one of our advisors now

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