IT Governance and Project Portfolio Management: Vendor Delivers a Phase-based Approach
Neil Stolovitsky - June 20, 2006

Introduction

In today's economy, the role of technology has evolved from facilitating operations to strategically driving business. Chief information officers (CIOs) are expected to align technology with the overall business strategy of the organizations they lead. Consequently, project portfolio management (PPM) solutions have stepped in to provide the technology to implement an information technology (IT) governance framework to monitor and to evaluate the investment of projects. Although most PPM vendors provide organizations with the tools to meet these objectives, few provide a strategy to implement a governance framework successfully. In reality, many organizations implement PPM either by mapping the solution to an organization's established IT governance framework, or in a modular fashion meeting the needs to specific business processes (such as portfolio management or project management). The former scenario requires a well established governance framework, while the latter can only meet the partial needs of a less mature organization. In light of this, Pacific Edge has developed a unique approach to assisting a wide range of IT organizations with their specific PPM needs...