Four Common Mistakes in IT Portfolio Management - Slide 2

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

There really is no tangible IT investment strategy – just a bucket of money and funding sources. Projects get picked off until the bucket and funding is consumed – everything else sits in a backlog. When projects are prioritized, it tends to be based on meeting the needs of individual business units rather than achieving broader corporate business goals.

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

blockchain The World According to Blockchain

Blockchain comes with many costs and is surrounded by confusion. Here, we examine realistic use cases, drawbacks and the potential of blockchain. ...  More >>

IoT challenges IoT: Top 7 Challenges

The IoT represents a unique set of challenges that pose a real threat to its utility as an engine of economic growth. Fortunately, the problems encountered so far are solvable, although it will probably take some time to determine exactly how to handle them and what level of optimization is needed for the multiple IoT services that are certain to arise. ...  More >>

biometrics Biometrics: Moving Far Beyond Fingerprints

Biometrics are changing the way we think about security. Here are some of the more innovative ways biometrics are being used and what we can expect in the future. ...  More >>

Subscribe to our Newsletters

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