This document discusses strategic portfolio management for IT. It covers several topics: 1. Understanding business goals and operating models to align IT strategy. There are four types of business operating models with varying degrees of process integration and standardization. 2. Developing a prototypical organization structure with roles like architects, service leaders, and project managers to manage the IT portfolio and demand. 3. Prioritizing projects based on cost, value, and alignment with business strategy using an annual planning model. 4. Establishing architecture principles and funding models to guide decisions as a responsible steward of resources.