The document discusses assessing an organization's current IT state. It provides an overview of the assessment process which includes determining the current state, identifying gaps compared to targets or standards, and developing an action plan to transition from the current to a improved future state. The assessment can be either formal or informal and should have a defined purpose and sponsorship. Key areas to assess include business lines, management, data centers, development, security, telecom, and vendors. The assessment activities include gathering information, identifying concerns or gaps, and defining objectives to improve the IT situation.