If a company has an IT investment prioritization process, it is more likely to achieve IT-Business alignment. Is this statement true or false?

The statement is true because having a structured IT investment prioritization process enables a company to align its IT projects and initiatives with its overall business objectives. This process ensures that resources are allocated to IT projects that provide the most value to the organization and support its strategic goals. By prioritizing investments based on business needs, a company can foster better collaboration between IT and business units, leading to enhanced communication, shared objectives, and a clearer understanding of how technology can drive business success.

In turn, this alignment improves the effectiveness of IT investments, increases the likelihood of successful project outcomes, and ultimately contributes to achieving the company's broader strategic aims. An organized prioritization process also helps in identifying and mitigating risks associated with IT investments, ensuring that the company remains agile and responsive to changing market conditions.