IT portfolio management – an instrument for corporate growth and value contribution-based planning
Which measures and projects are important for the company’s success? Which measures add the most value to your company? How do you react to market changes with regard to measures and projects? How do you maintain an overview between prioritizations and rolling changes?
IT portfolio management can answer the following questions:
Which measures and projects are important for the company’s success? Which measures add the most value to your company? How do you react to market changes with regard to measures and projects? How do you maintain an overview between prioritizations and rolling changes?
The overarching management of the IT project landscape is a key challenge for many organizations. Increasing IT demand from the business, the perception of IT as a cost driver and the need to use the available IT budget in the most value-adding way possible mean that IT portfolio management is a central control instrument.
Defined processes for portfolio management can increase the transparency of planned and ongoing IT investments, support the implementation of strategic objectives and realize the overarching coordination of complex IT projects. For example, the automation of processes and presentation via dashboards makes handling manageable and tangible in real time.
What do we mean by
IT portfolio management?
In principle, IT portfolio management (ITPM) is the coordination of all available IT investments (IT projects), such as investments in application systems and services, IT infrastructure and IT assets already deployed in the company, in order to achieve the company’s objectives in the best possible way, subject to the secondary condition of a given availability of resources.
How does it benefit companies?
IT portfolio management provides answers. It is a component of dynamic corporate management that is undergoing change and answers the following questions:
- Which measures and projects are important for the company’s success?
- Which measures add the most value to your company?
- How do you react to market changes in terms of portfolio planning?
- How do you maintain an overview between prioritizations and rolling changes?
- How do you plan and manage your current projects?
In our blog, we will introduce you to the features of IT portfolio management. The articles listed below include aspects on the planning and management of ITPM and are based on the best practice experience of the BAMAC Group.