Evaluation of IT-investments is a hard and tricky question. The paper presents a framework for control of IT-investments, which aims at providing decision-makers with a clear picture of, both individual IT-investments as well as an aggregated level where all IT-investments are compiled into a total picture. The framework has been developed with an action-research approach. In a number of workshops intermediate results have been presented and reactions from practitioners have influenced the development. Participants in the project come from different EU countries all directly concerned with IT-investments. The framework that is tested in authorities in different EU countries is from participants considered to have a potential to improve the decision-making processes. The framework also has potential to be used in academic teaching in IT economics. The framework is based on a lifetime perspective, where established investment models can be applied. A main dimension is to consider interrelations between different IT- investments through compilation into a total picture, in order to control the total spending on IT in organizations.