An IT portfolio rationalises and organises IT applications to meet specific business purposes. By identifying the best combination of multiple applications and projects, you can enable and optimize business processes and accelerate decision making on an executive level. The analysis of current and future applications in the organization identifies gaps and shortcomings to improve the IT portfolio. This greater visibility to projects creates a single source for each IT portfolio, including potential investment. Goal-Driven IT portfolio management is driven by clear visibility of demands. Portfolio management can improve performance through effective use of resources, funding, assets and processes to maximise business value. You can manage budgets and prioritize projects based on an overall budget. Much like a traditional stock portfolio, it requires a risk to reward analysis. Adopt a management system that allows you to alter or cancel projects that provide a lower ROI. IT portfolio management emphasises a strategic focus on goals such as revenue growth, cost reduction, and business continuity, rather than operational objectives. It requires input from across the organization, from finance managers to IT managers. The goal is to maximize value through selection, optimization and monitoring.