The document provides an overview of the SOA for Business Technology (SOA4BT) project. The project aims to provide guidance for implementing SOA solutions using business terms. It is being led by co-chairs from The Boeing Company, HP, and Capgemini. The project will define SOA4BT and provide a framework for aligning business and IT through service portfolios, taxonomy, and metrics. Section leaders from various companies are contributing to areas like business architecture, TOGAF, governance, security and cloud computing. An initial draft of the whitepaper is in progress.