It Portfolio Management Helps With Informed Decision Making

IT portfolio management means applying financial management procedures to the project

in an investment portfolio utilizing data gained from information technology. Such portfolio strategies might involve: planning of initiatives for specific projects, and application of technical data. IT Portfolio Management includes an assessment of the risks of specific selections. An informed IT-manager of those portfolios will use IT information to research potential products, assess, rate, and act on the information gained.

Decisions required in IT Portfolio Management might include: Should I initiate this project?; What steps are needed in effective project planning?; How can I most accurately measure the projects success?; What criteria will I use to evaluate the progress of this project?; What are the indicators that I should be preparing an exit plan if one? IT Portfolio Management gathers accurate data to aid in making these unbiased decisions.

In every well-managed IT Portfolio, there is need for research of projects being considered for purchase; initiation of buying; a budget for purchase; consideration of the overall portfolio makeup; attention to the legalities (such as: contract clauses, standards, and procedures) and monitoring of ongoing progress of the portfolio.

IT Portfolio Management helps single investors, businesses or agencies to achieve successful portfolios. By offering accurate data concerning the selection and strategies for investment control IT Portfolio Management can assist with evaluation of individual projects and with responsible reporting and data collection. IT Portfolio Management makes achieving their goals and realizing their mission an actuality for agencies and organizations.

IT Portfolio Management helps investors choose the best project combinations and the right investment proportions and balance their projects in the overall portfolio. IT Portfolio Management is all about sound maintenance.

In IT Portfolio Management helps individuals, or organizations formulate wise goals using strategic planning. Risk is considered with an eye to elimination by means of diversification; altering or downsizing projects if they are negatively affecting investment goals.

IT Portfolio Management relies on: assessment, good research, constant monitoring, adjusting goals, or changing the makeup of the overall portfolio holdings. Good financial planners use information from conferences, seminars, articles, and the Internet in making wise recommendations to their investors.

All portfolios differ in their contents, distribution and emphasis of projects and how each individual, business, or organization sees its goals. IT Portfolio Management must furnish current information and report practical suggestions. PPM tools like: spreadsheets, pie charts, Venn diagrams; line graphs; and tree diagrams are useful visuals contained in a report so assist with effective decision making. A picture is worth a thousand words often holds true in IT Portfolio Management reporting.

by: Davidskie Richard

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