Portfolio
Management
Portfolio management takes a holistic view of a company's
overall IT strategy. Both IT and business leaders vet
project proposals by matching them with the company's
strategic objectives. The IT portfolio is managed like
a financial portfolio; riskier strategic investments
(high-growth stocks) are balanced with more conservative
investments (cash funds), and the mix is constantly
monitored to assess which projects are on track, which
need help and which should be shut down.
A strong portfolio management program can turn all that
around and do the following:
• Maximize
value of IT investments while minimizing the risk
•Improve
communication and alignment between IS and business
leaders
•Encourage
business leaders to think "team," not "me,"
and to take
responsibility
for projects
•Allow
planners to schedule resources more efficiently
•Reduce
the number of redundant projects and make it easier
to kill projects
Portfolio management tools among other things also provide
the option of a consolidated view on individual projects
and also maintain a good reign on the developments.
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