IT Portfolio Management is the application of systematic management to the investments, projects and activities of enterprise Information Technology departments. Examples of IT portfolios would be planned initiatives, projects, and ongoing IT services. The portfolio development procedure starts with the analysis, planning, creating, assessing and balancing within three key areas: applications, infrastructure and project portfolios.
management to the investments, projects and activities of
enterprise Information Technology departments.
- Benefits include central oversight of budget, risk management, strategic alignment of IT investments, demand and investment management along with standardisation of investment procedure, rules and plans.
- Portfolio management consists of all core infrastructure related resources and services including systems, servers, storage, networks etc. It deals with factors that will ensure the availability and manageability of these portfolio items and how they are beneficial in terms of their overall investment or financial value for an organization.
Portfolio Management Process
IT portfolio management is built around tools that measure data such as the costs, risks and benefits associated with the implementation of certain IT resources spread throughout the enterprise. The portfolio development procedure starts with the analysis, planning, creating, assessing and balancing within three key areas: application, infrastructure and project portfolios.
Qualities of an IT Portfolio Manager
- Help define and implement portfolio management (IT Project Governance) policies and processes to support fact-based decisions on investments into Information Technology projects
- Continuously improve the IT governance and planning capability by integrating optimal ways of planning and organizing, acquiring and implementing, delivering and supporting, and monitoring IT (solutions) performance
- Build trusted and effective relationships working with project managers to ensure they deliver on-time, on-budget, on-benefit and on-quality (and intervening to resolve issues as required)
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