System and Method for Transitioning to cloud Computing Environment

System and method for assessing the transitioning of computing components to a cloud computing environment is described. The system and method comprises of identifying at least one category of service in an organization to be transitioned to a cloud computing environment; collecting relevant information about the category from one or more service category owners and/or users; analyzing the information received based on pre-defined parameters; and classifying the services into high cloud ready, moderate cloud ready, or limited cloud ready based on the analyzed information.