The document discusses several challenges facing IT organizations today. These include: managing time to market pressures with short project life-cycles and incremental functionality; adapting infrastructure and services for globalization while leveraging local talent; defining service level agreements for provisioning, helpdesk, and incident management; creating an effective organization structure with roles, responsibilities, communication, and culture; analyzing new business requirements and ensuring infrastructure and security can support new business processes and functions; and ensuring IT investments contribute to market value, cost advantages, differentiation, and return on equity.