Gao04394g information technology investment management. Pdf strategic information technology and portfolio management. As outlined in ohio administrative policy it02, information technology. Department of educations eds information technology investment management itim process. The concept of strategic information management conveys manifold images, such as the strategic use of information systems, strategic information systems planning, strategic.
The aim of this book is to bridge the knowledge between information technology planning itp, enterprise architecture and it portfolio management taking into account the financial impact. Portfolio management transformation how to effectively screen and align your program portfolio with strategic objectives. It portfolio management is the application of systematic management to the investments, projects and activities of enterprise information technology it departments. Although information systems of some form or another have been around since the beginning of time, information technology it is a relative newcomer to the scene. Strategic management of information technology investments. It strategy and investment management information center. To read the entire article, download the pdf titled strategic project management. Strategic information technology and portfolio management pdf. Our conceptualization of the term, and hence of the scope of the book, is presented in figure 0.
The rapid growth of information technology it investments has imposed pressure on management to take into account the risks and payoffs in their invest ment. The dod digital modernization strategy, which also serves as the departments information resource management irm strategic plan, presents information technology itrelated. Enterprisewide portfolio and resource management and capability and technology management. A framework for the strategic management of information. In doing so, it discusses a case study involving a 2003 initiative to internally developwithin the information technology it department at one of portugals leading mobile telecom operatorsa portfolio management program and a project management office pmo. Strategic actions in information technology investment. A11 2019 this administration is maintaining a continued focus on strengthening it. Project portfolio management software ppm tools planview.
Presenting information that is current with the standard for portfolio management, third edition 20. Information technology and management explores the many different technologies inherent in the field of information technology and their impact on information systems design. Itsm planning within central it is currently focused on governance, portfolio management, service catalog development and other service management and service assurance measures. Ppm program and portfolio management for digital business. Their input, advice, and lessons learned, both successes and failures, have been incorporated into this document so that we may all apply better strategic. It 02, information technology strategic investment planning, this program.
If your organization isnt taking a formal approach to it portfolio management today, dont try to go from zero to one hundred overnight. Strategic portfolio management is the responsibility of the senior management team, which needs to ensure that strategy and operations are aligned and integrated. In the quest to reduce wasted costs and increase project success, an increasing number of information technology it organizations are embracing project and portfolio management ppm as approaches to both improve project performance and select the right projectsthose that align with the organizations objectives. Oimt office of information management and technology information technology strategic plan 20152018 2017updated goals and objectives.
These links provide agencies with strategic resource information, it planning and portfolio development procedures, sim processes, and ohio governing policies. Praise for it portfolio management stepbystep bryan maizlish and robert handler bring their deep experience in it value realization to one of the most absent of all it management. Unlocking the business value of technology, by bryan maizlish and robert handler. A strategic approach supplies indepth treatment of the five domains and identifies best practices to ensure the organization has a balanced portfolio management that is critical to success. The journal takes a broad view of information systems as systems that not only include machines but human beings as well. Information technology portfolio management implementation, october 30. Active portfolio management is a widely used concept where investors compare their investment. Management, with a specialization in information systems and technologies. State of ohio interest in understanding blockchain opportunities. Integrating portfolio, program, project, and performance management james s. This is an excerpt of a paper i wrote while working on my mba. The apo top management forum 2007 was organized in collaboration with the japan productivity center for socioeconomic development jpcsed and gathered 35 overseas participants from 18 apo member countries, as well as 20 local participants. Below are links to it strategy and investment management resources and tools. An explicit line of sight between all the projects in the portfolio and the strategic intent of the hosting organization 2.
A11 2019 this administration is maintaining a continued focus on strengthening it portfolio management and. Information technology investment management itim table of contents. The title has been changed from strategic planning for information systems to strategic management of information systems which is more relevant in terms of current business terminology and reflects more accurately what is required to successfully leverage information systems and technology. It information technology portfolio management stepbystep. Strategic information technology and portfolio management albert wee kwan tan national university of singapore, singapo. How to transform projects through portfolio management 5 to overcome these challenges, portfolio management needs to be embraced by organizations to achieve three main objectives. This information has been supplemented by research that included personal interviews with don and other government leaders who have led strategic management efforts within their organizations. The forum focused on the strategic management of technology. Making a smart investment that will best satisfy all the necessary decision.
This strategic plan is the result of the extraordinary commitment and dedication of our team, and the partnership. Jan 30, 2017 the it portfolio management best practices listed here will help you hit the ground running and keep your departments work aligned with your companys longterm goals. It service management vision and strategy summary roadmap. The dod digital modernization strategy, which also serves as the departments information resource management irm strategic plan, presents information technology itrelated modernization goals and objectives that provide essential support for the three lines of effort in. Active portfolio management and portfolio construction implementing an investment strategy 5 important reasons are the changing market behavior, and the advances in market research. Special thanks is extended to those who participated in the case studies by sharing the details of their strategies. The emergence of information technology as a strategic issue. Praise for it portfolio management stepbystep bryan maizlish and robert handler bring their deep experience in it value realization to one of the most absent of all it management practices portfolio management. The it portfolio is managed like a financial portfolio. A read is counted each time someone views a publication summary such as the title, abstract, and list of authors, clicks on a figure, or views or downloads the fulltext. Pennypacker, pm solutions center for business practices.
Strategic information technology and portfolio management albert wee kwan tan, albert wee kwan tan, petros theodorou on. It program management certificate requirements 6 courses core required itp 6416 information technology project management ita 6415 strategic information technology. From your first experience with ppm software to advancing strategic and investment planning across your enterprise, planview offers a portfolio. Information systems investment opportunities can provide firms with real options that can allowfirms to exercise strategies. They capture the essence of universally proven investment practices and apply them to the most difficult of challengesreturning high strategic and dollar payoffs from an. Early project management offices were designed to address vastly different challenges and outcomes than those posed by digital transformation.
Fuzzy modelling for integrated strategic planning for information systems and business process design. This revision represents a major overhaul of the title both in terms of content and presentation. This paper examines ppm in relation to four elements. These include the immediate need to address the performance shortcomings or deficiencies of existing applications before attention can be given to concerns about technology obsolescence and application modernization. Pdf strategic information technology and portfolio. Kardaras, athens university of economics and business, greece bill karakostas, city university, uk section ii information technology portfolio management chapter v it portfolio management. Active portfolio management and portfolio construction implementing an investment strategy 5 important reasons are the changing market behavior, and the advances in market research which will lead to improved tools in portfolio management. In conclusion, the framework provides for scholars and practitioners a logical structure to elements of strategic technology management. Federal statutes such as the clingercohen act of 1996 require agencies to improve mission performance by implementing an itim process for selecting, controlling, and evaluating information technology it investments. Pdf the strategic perspective of information systems and the importance of planning have been recognized since anthonys 1965 work on the hierarchical. National oceanic and atmospheric administration strategic.
Abstract inthispaperweadoptfinancialoptionstheorytoguidedecisionmakinginthemanagementof informationtechnologyinvestments. Information technology and management explores the many different technologies inherent in the field of information technology and their impact on information systems design, functionality, operations, and management. These include the immediate need to address the performance. Examples of it portfolios would be planned initiatives, projects, and ongoing it services such as application s. It information technology portfolio management stepby. This article is excerpted from it portfolio management stepbystep. Dod fy2014 information resources management strategic plan, may 30, 2014. Enables organizations to establish and adopt a formalized process for measuring and monitoring the value of it investments. Strengthen the strategic alignment of programs and projects to prevent initiatives being undertaken that do not support the enterprise strategy 2.
We describe here a comprehensive framework for intelligent information management iim of data collection and decisionmaking actions for reliable and robust event processing and recognition. It portfolio management is the discipline of managing it investments as you would a financial portfolio, balancing potential return, fit with objectives, and risk assessment. Strategy governance management and capabilities data and tools alignment of the portfolio to the corporate strategy is not understood too many, often overlapping, projects aligned to one strategic. Therefore, this handbook should be considered a guideline to help. Their input, advice, and lessons learned, both successes and failures, have been incorporated into this document so that we may all apply better strategic management processes in our organizations. From the individual to the largest organization, everyone today has to make investments in it. Strategic portfolio management, while practiced for many years by leading companies in pharmaceuticals, oil and gas and aerospace, is only now emerging as the next step in the maturity of ppm. The title has been changed from strategic planning for information systems to strategic management of information systems which is more relevant in terms of current business. The itim stages of maturity with critical processes in 2000, gao published an exposure draft of information technology investment management.
The management literature is full of valuable strategic planning methodologies for information technology it. Business executives love to hate information technology, yet it expenditures continue to increase. A framework for assessing and improving process maturity. Jan 27, 2012 this is an excerpt of a paper i wrote while working on my mba. October 2012 information technology assessment page 3 of 94 1. The it strategy and investment management program administers the state. It service management vision and strategy summary roadmap lyle nevels, deputy chief information officer. Strategic portfolio management spm helps decision makers align an organizations portfolios to best execute on the corporate strategy. With your interests in mind, where do you see the value in it service management and how do these elements e. The concept of strategic information management conveys manifold images, such as the strategic use of information systems, strategic information systems planning, strategic information systems. Mark jeffery is assistant professor of technology at the kellogg school of managements center for research in technology and innovation at northwestern university in. We describe here a comprehensive framework for intelligent information management iim of data collection and decisionmaking actions for reliable and robust event processing and. Increasing collaboration with the centers and investment into our workforce are critical to the.
725 1490 522 482 1006 1102 393 660 964 448 178 27 487 560 95 1238 1468 55 1289 1348 888 424 1184 181 176 126 205 101 1532 315 1236 902 861 143 1512 1487 766 1191 407 800 370 672 931 1433 873 1298