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Project Portfolio Management as a Way to Manage IT Costs

CIOs are in a hard spot: company leaders demand less spend from IT; at the same time, CIOs are competing with other business unit executives who are readily given the same amount in funds to use (while the IT department has to qualify and prove the value of each project). Enter the solution: project portfolio management. With PPM – according to this article on CIO.com – you can manage and track your projects that the business side of the world understands. With this prioritization, it becomes easier to justify a project's funding. PPM allows a CIO to justify the work being performed while having the right kind of ammunition to stay at the executive table.

About Anne Grybowski

Anne is a former staff writer for CAI's Accelerating IT Success, with a degree in Media Studies from Penn State University.

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