Which of the following should be the FIRST step in updating an IT strategic plan?

Revising the enterprise architecture is a consequence of an updated IT strategic plan, not the initial step in defining the updated plan itself.

Reviewing IT performance objectives is an internal IT activity that should follow the identification of any changes in enterprise goals to ensure alignment.

Evaluating IT capabilities is an internal assessment that comes after understanding the business needs and desired strategic direction.

An IT strategic plan must always be aligned with the broader enterprise's strategic goals and objectives. Therefore, before reviewing IT-specific elements, it is crucial to understand if the business has shifted its direction, priorities, or overall goals, as this will dictate the necessary revisions to the IT strategy.