To generate value for the enterprise, it is MOST important that IT investments are:

While aligning with IT strategic objectives is important, these objectives themselves should be derived from and ultimately support the enterprise's business objectives, making enterprise alignment the overarching priority.

Approval by the CFO ensures financial oversight and budget adherence, but it doesn't guarantee that an investment will inherently generate value aligned with business goals.

IT investments generate value when they directly enable or enhance the enterprise's core business functions, processes, and strategic objectives, ensuring that technology serves the broader organizational mission. This alignment ensures that IT resources are directed towards initiatives that contribute to the business's success and competitive advantage.

Including investments in a balanced scorecard is a reporting and performance measurement mechanism, not a primary driver for ensuring value generation or alignment.