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 the following, we will introduce you to the features of IT portfolio management. The articles listed include aspects on the planning and management of ITPM and are based on the best practice experience of the BAMAC Group.
Successfully planning and managing IT applications in the life cycle
Case Study: Case Study: Life cycle costs of IT products
Case Study: Make or Buy – The first glance can be deceptive!
About the author
Categories of this post
Further interesting posts.
Case Study: Make or Buy? This article explains what should be considered when deciding on an IT system.
In this article, we want to use a specific case study to show how much knowledge can be gained, and therefore how much money can be saved, when annual IT planning and rolling planning go hand in hand.
Within IT portfolio management, IT product portfolio management focuses on application systems and products. This article explains what the decisive success factor of IT product portfolio management is, what questions it answers and what concrete advantages companies can gain from implementing it.
You have identified and evaluated your IT projects within your IT project portfolio and are now asking yourself the question: Can’t it be done more cheaply?
In this article, we use a case study from our practice to show you what cost optimization within the IT project portfolio can look like.