IT is indispensable in smooth functioning of any organization today, irrespective of the industry it functions in. The quantum and quality of IT investment differ as to how the systems are used, the degree to which they align with the strategic goals of the organization and ultimately how much business value they deliver vis-à -vis the resources invested. Further, all IT systems employed are not of equal strategic importance. IT systems are categorized into support, mission critical, strategic and laboratory systems, depending upon the purpose they serve. Therefore, it is critical to ensure that IT investments are evaluated and selected wisely, and managed with prudence. Traditionally, the focus of analysing IT investments revolves around new project opportunities to optimize new IT investments. However, in a majority of the companies, the installed IT asset base remains essentially unmanaged with organizations reporting that nearly 61% of their IT budgets are spent on routine tasks, and 10%-20% of the IT budget being spent on maintaining unwanted applications — an obvious squandering of valuable resources. Further, two out of three companies have no effective means of measuring or managing the benefits of IT investments. This book presents the emerging concepts of IT Portfolio Management (ITPM), a disciplined and structured approach, which design to business requirements for technology decisions and enables organizations to categorize, evaluate, manage IT assets and prioritize projects. Various models and frameworks for building and integrating a portfolio of IT investments for the realization of maximum value, and to fully leverage the value of all IT infrastructure of an organization are also discussed. It highlights many of the seminal aspects and best practices from the discipline of financial portfolio management and intends to be a good reference for executive, IT managers and researchers.
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