More IT departments are being tasked with the development of new products and workflows, in addition to their more traditional tasks. Therefore, as Angela Bunner describes in this article appearing in Clarizen.com, the IT department is now in need of portfolio management and puts forth some best practices to follow.
IT Portfolio Management Practices
These best practices are designed to help IT managers hit the ground running, while also ensuring that their department’s work is closely aligned with the organization’s long-term goals.
- One Step at a Time: If your company has not adopted a formal approach to IT portfolio management, refrain from going from zero to one hundred overnight. Instead, approach it in a phased manner. For instance, begin with one business unit or IT area. This will help influence the management, and also help you iron out any flaws before embarking on a full-blown strategy.
- Measure Results: Measure the long-term benefits of completed projects – this is one of the keys to successful portfolio management. Compare expectations from the initial stages with the data collected over months or even years. Now, if discrepancies are noticed, the project planning and approval process must be altered accordingly.
- The Right Tools: Successful IT portfolio management is only possible with the appropriate IT portfolio management software. As such, managers should be able to track and report on a wide variety of activities across the enterprise. To this end, cloud-based portfolio management solutions like Clarizen have become increasingly popular, as they are easier and more cost-effective to implement. In addition, these solutions allow real-time reporting and collaboration tools that older solutions can’t quite provide.
Click on the following link to view the original article in full: https://www.clarizen.com/document-management-enterprise-work-collaboration-software/