Portfolio Management
Are you investing in the right things at the right time to generate
the right returns?
Organizations must ensure that they maximize the value of IT
investments while minimizing the risks on projects. Determining
the optimal mix of project investment by understanding
inter-dependencies among systems, monitoring project portfolio
performance, and minimizing risk in a dynamic environment can be
challenging.
These challenges pale in comparison to the value it brings to your IT
investments, as it forces IT and business people to talk about
investments from a business perspective
Although traditional financial portfolio management
techniques can be applied, they fail to address unique challenges
related to IT projects, such as how to value IT project
investments and handle finite IT and business resources.
Many additional considerations come in to play when managing an
organization's entire portfolio of efforts.
- Which projects should we do and not do?
- What should our mix of tactical and strategic efforts be?
- Should we hire all the staff we need or use consultants and
other technical vendors to assist us on certain efforts?
When assessing, creating or looking to manage an IT portfolio we use
the following approach:
- Gather: Do a project inventory
- Evaluate: Identify projects that match strategic objectives
- Prioritize: Score and categorize your projects
- Review: Actively manage your portfolio
JCS can partner with clients to address the complex challenges
of IT portfolio management, making it possible for
technology to become a critical enabler of an organization's strategy.