Four Common Mistakes in IT Portfolio Management

Email     |     Share  
1 | 2 | 3 | 4 | 5
Previous Four Common Mistakes in IT Portfolio Management-1 Next

Click through for four common mistakes businesses make in their IT Portfolio Management (PfM), as outlined by Vaughan Merlyn.

According to Vaughan Merlyn, IT Portfolio Management is at the heart and soul of leveraging IT for business value, and yet most IT organizations do a poor job of managing IT investments as a portfolio. At its best, IT Portfolio Management (PfM) is a way to:

  • Define your investment strategy for IT – including needs for risk/return, innovation, common enterprise-wide capability.
  • Make that strategy visible and understandable to business executives to allow dialog and debate to reach agreement with key business stakeholders.
  • Monitor performance of the IT portfolio.
  • Adjust the portfolio based upon actual performance of IT investments.
  • Adjust the portfolio based upon changing business conditions. 

At its worst, PfM is simply a laundry list of projects or a collection of laundry lists, one or more for each business unit and corporate function. Mr. Merlyn has developed this list of common mistakes that are made in PfM.

 

Related Topics : IBM Looks to Redefine Industry Standard Servers, AMD, Processors

 
More Slideshows

IT security careers The Most In-Demand Security Jobs and How to Get Them

Security professionals are in demand right now, and entry-level security jobs generally fall into either an engineer or analyst role. Find out more about required skills and career paths. ...  More >>

142x105itbeusasecurity2.jpg 9 Predictions for Cybersecurity’s Role in Government and Politics in 2017

Experts predict how cybersecurity will affect and involve our government, policies and politics in 2017. ...  More >>

Shadow IT Security How Risky Behaviors Hurt Shadow IT Security

Examine some of the concerns involving shadow IT security and some of the riskiest behaviors, applications and devices. ...  More >>

Subscribe to our Newsletters

Sign up now and get the best business technology insights direct to your inbox.