Find out how to increase IT investment returns and reduce transformational risks by understanding when, where, how and why to make changes in the IT portfolio. Join Dr. Ulrich Kalex, VP at alfabet, and independent research analyst Chip Gliedman, Forrester Research, in examining IT portfolio behavior and techniques for harmonizing application, technology, strategy and the many other sub-portfolios that make up the one integrated IT Portfolio.
“An IT portfolio that fails to change with the business is one that is not maximizing its value to the enterprise.” – Chip Gliedman, Forrester Research
As IT becomes the fabric of many businesses, that is, as IT becomes the business, as it is today in many industries – with prime examples in banking, logistics, and telecom - CIOs are being asked to think and act like business managers. Business managers have long learned to observe individual LOB performance, strategies and characteristics against and yet in sync with each other in order to make investment, divestment and hold decisions. IT managers, due to the immense complexity of the IT environment, neatly package and manage IT assets in functional silos or portfolios. They’re beginning to master individual portfolio management techniques for things like application rationalization, strategy determination, and technology standardization. But they are missing big opportunities and running high risks by not vetting these portfolios against each other to have the big picture. And they know it: 15 – 20% of all IT projects fail to come even close to the planned scope, delivery date and budget (often costing up to six times more than planned).
Yet by understanding the interdependencies among the functional portfolios, CIOs, IT planners and IT strategists can make better-informed decisions on IT change, and enjoy the confidence of being able to estimate the impact on all parts of the enterprise. Guidance for CIOs alias IT Portfolio Strategists comes from Forrester Research in the form of best practices for Integrated IT Portfolio Management. Tool support for this discipline comes from alfabet in its product planningIT which provides a holistic view of the integrated IT Portfolio by integrating all of the information emanating from the individual domains within IT.
Discover the benefits of “whole view” IT planning and management. Learn how to build end-to-end, seamless processes from strategy to project planning with the information foundation to support them.