| IT portfolio management is the subject of managing IT | | | | maximum value from IT investments. IT executives |
| investments. It involves the establishing of a formalized | | | | often find it a tough job to change the attitude and |
| process for gauging and monitoring the worth of IT | | | | behavior of employees. For this reason, the |
| investments, making decisions scientifically and creating | | | | implementation of IT portfolio management proves to |
| frameworks as outlined by the IT governance board. | | | | be a nightmarish job. |
| More and more companies are adopting IT portfolio | | | | IT companies themselves adopt IT portfolio |
| management to increase productivity. An efficient IT | | | | management so that they can accept only those |
| portfolio management system helps in aligning | | | | projects that can be executed in an efficient manner. |
| technology investments with a good business strategy. | | | | The projects are analyzed for their risks and balanced |
| It maximizes the value of IT investments by introducing | | | | accordingly for maximum returns. Only projects that |
| the right processes and practices at the right time. | | | | can be executed within the company's capacity and |
| Also, IT portfolio management helps in assessing costs | | | | resources are actually accepted. By implementing IT |
| and risks. Researches have shown that the general | | | | portfolio management, a company ensures that its |
| efficiency level of a company goes up and productivity | | | | projects perform well in real world conditions. Lots of |
| increases as a result of IT portfolio management. | | | | companies that struggled with unmanageable projects |
| Studies indicate that majority of senior IT executives | | | | in the past are now able to do projects better, thanks |
| are aware of the benefits of IT portfolio management. | | | | to IT portfolio management. They now accept |
| However, many of them fail at the implementation | | | | projects that are of manageable size and complexity |
| stage. Very few companies are actually able to derive | | | | only. |