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This article proposes a comprehensive framework for comparing the current methodologies and tools for information engineering and using these methods for applying information technology to construct the overall information systems architecture for the organization. The proposed framework consists of two dimensions: (1) an expanded sequence of the traditional system life cycle; and (2) the conceptual depth of the methods. The article shows that information engineering is the key to effective information management. Using the proposed framework, 26 widely-cited methods for information engineering are compared. Evolution to more effective methods of information engineering are needed to align future information systems requirements to strategic goals and objectives of an organization and to exploit the current information systems technologies for competitive advantage.