IT Consulting and Management - IT Portfolio Management

IT Portfolio Management and Business Strategy

Business strategy sets the direction of the business in terms of its growth strategies, target markets and competitive strategies. IT Portfolio Management (IPM) assist in determining the feasibility of business strategies and highlights risks associated with certain business strategies. IPM receives the strategy as input and respond with a portfolio impact analysis. IPM will provide input into the business strategy process by providing a perspective of the current values of all IT assets.

IT Portfolio Management and Enterprise Architecture

GOZIRRA's enterprise architecture utilizes IPM as an enabler to determine the optimal roadmap from the current enterprise architecture state to a future enterprise architecture state. IPM assists enterprise architecture to identify where value is being destroyed or wasted. Enterprise architecture primarily focus on design while IPM focuses on the value that will result from a particular design. IPM assist Enterprise architecture to identify the best combination of IT investments to realise a design.

IT Portfolio Management (IPM) and Project Management (PM)

IPM provides the metrics used by project management as guidance to prioritize projects. PM remains responsible for setting the business case and motivating a project. IPM does not execute or manage the deliver or trade-off decisions within a project. IPM positions the investment requirement in the strategic context of all the other IT spending requirements.

Bottom line: IT Portfolio Management is not just a list of IT assets but a process that evaluates the value contribution of all IT assets with the objective of increasing the combined return on investment of those IT assets.