Which step comes after the 'Initiate' stage in the SIM framework?

The step that follows the 'Initiate' stage in the Software Investment Management (SIM) framework is the 'Plan' stage. During the 'Plan' phase, organizations focus on laying out a clear strategy based on the information and insights gathered during the initial stage. This phase involves determining the objectives, aligning resources, and establishing timelines necessary to achieve the desired outcomes effectively.

In the 'Plan' stage, it is crucial to consider factors such as budget allocation, stakeholder involvement, and risk assessment to ensure that the software investment aligns with overall business goals. This comprehensive planning is vital for guiding subsequent actions and decisions, making it a fundamental component of successful software asset management. The 'Plan' phase effectively sets the foundation for the implementation and execution of strategies that can optimize software usage and costs.

Other stages, such as Create, Examine, and Transition, play important roles in their respective contexts, but they do not occur immediately following the initiation of the SIM framework. By understanding the significance of the planning phase, you can appreciate how it influences the overall process of managing software assets effectively.