IT Portfolio Management
Does your organization have difficulty answering these common questions?
- Which business applications and infrastructure should we invest in?
- What is the opportunity cost of investing in project A now?
- Can I use SystemX from VendorY to replace in-house SystemZ? What processes will be affected? What redundant functionality will occur?
Many IT departments struggle to answer these and similar questions, but at the same time are being asked for answers more often as information technology becomes integrated into business processes. As technology assets become more and more critical to business success, it is essential that those assets be strategically managed.
The solution is to manage IT assets similar to the way a financial services 'portfolio' is managed. Make decisions, and answer questions, based on an assessment of need, cost, and risk with the objective of generating the most value within an acceptable level of risk, utilizing funds and resources provided by the enterprise.
Fully managed assets enable CIO's and IT managers, LOB presidents, and corporate officers to strategically align IT with business objectives. Answering the type of questions listed above becomes an objective rather than a subjective exercise - adding credibility and respect to IT decision makers.
Contact us to speak with one of our experienced consultants. We can assist you to plan and implement IT Portfolio Management. We provide procedures, guidelines, facilitation, process design, templates, and training to ensure your success.