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Key Decisions in IT Portfolio Management

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Key Decisions in IT Portfolio Management

  1. 1. Decisions, Decisions Key Decisions in IT Portfolio Management
  2. 2. Information Technology Portfolio Management (ITPfM) is the process through which your organization can optimize its “return” on IT spending.
  3. 3. Good ITPfM is FAST, EASY and TRUSTED.  FAST to implement;  EASY to explain, understand, use; and is a  TRUSTED source for IT decisions.
  4. 4. Optimize your IT portfolio with a FORMAL decision-making process. Don’t make decisions on a whim!
  5. 5. Decisions differ based on the type of investment:  Ideas or Prospects - Things you might do  Projects - Things you are currently working on  Current Assets - Things you already have
  6. 6. For each 1. Drop – Not worth our time 2. Pursue – Let’s take the next IDEA or step PROSPECT, decide 3. Revisit – Check back during to: the next cycle
  7. 7. 1. Kill – Not worth our resources For each 2. Expedite – Add resources, we PROJECT, need it sooner and/or better 3. Slow/Pause – Reduce decide to: resources, less urgency 4. Maintain – Let things continue as they are
  8. 8. 1. Divest – Get Rid of it 2. Outsource – Let someone else For each manage it CURRENT ASSET, 3. Insource – We need to manage it 4. Increase Support – Increase decide to: Resources 5. Decrease Support – Reduce resources 6. Maintain – Let’s keep it as is
  9. 9. Remember, decisions should be informed by data collected for each investment. Sample Data Set  Implementation Risk  Investment Type  Technological Risk  Alignment to Mission  Operational Risk  Initial Cost  Business Value  Maintenance Cost  Financial Value  Schedule Variance  Alignment to Mission  Cost Variance  …  …. Collect the right data to make the right decision!
  10. 10. Visit www.IT-Portfolio-Management.com for more information and insight!

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