Management of IT portfolios is the subject of investment management. This involves the formation of formal processes to measure and monitor the value of IT investment, make decisions scientifically and create a framework as described by the IT Governance Agency. More and more companies adopt IT portfolio management to increase productivity.
The efficient IT portfolio management system helps in aligning technology investment with a good business strategy. It maximizes IT investment value by introducing the right process and practice at the right time. Also, IT portfolio management helps assess costs and risks. Research has shown that the level of general efficiency of a company rises and productivity increases as a result of IT portfolio management. You can find free stock tracking software via https://ziggma.com/stock-screener/.
Studies show that the majority of TI senior executives are aware of the benefits of IT portfolio management. However, many of them fail at the implementation phase. Very few companies can actually get the maximum value of IT investment. IT executives often find it difficult jobs to change employee attitudes and behavior. For this reason, the implementation of IT portfolio management is proven to be a nightmare job.
The company itself adopts IT portfolio management so they can only accept projects that can be executed efficiently. Projects are analyzed for their risk and balanced according to maximum return. Only projects that can be executed in the capacity and company resources are actually accepted. By implementing portfolio management, a company ensures that its projects are performing well in real-world conditions. Many companies that struggle with unmatched projects in the past can now do the project better, thanks to the management of IT portfolios. They now receive projects that only have the size and complexity that can be managed.