Strategic investments in information technology (IT) are pervasive in contemporary organisations. However, there is a huge gap of knowledge and practical support in the efficient and effective implementation and delivery of such investments. Moreover, the assumed value in many cases is not achieved or insufficiently realised. Consequently, this PhD focuses on IT value management, where the entire process from idea till the realisation of business value is examined. In a first phase, management practices will be identified by both literature and case study research, which is validated through a Delphi study. Then, an international survey will investigate the impact that such practices have on business value creation from strategic IT enabled business investment. Finally, in-depth case study research should facilitate more understanding and insight into the contextual factors affecting the success of such investments.