Prioritizing the IT Project Portfolio

Running Head : IT PORTFOLIO

Prioritizing the IT Project Portfolio

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Project portfolio management is the management process tailored to aid the organization gain and review important information concerning all its projects , which are then sorted and prioritized according to some criteria like strategic value , cost , effects on resources and others (Greer , 2009 . IT project portfolio management has certain objectives that must prompt its undertaking . However , the evaluation must start with the IT strategy first and not the goals and objectives of the business

or organization . The IT strategy should be the linking chain in the business strategy that governs the service or product strategy which in turn should be able to drive the IT strategy . The following are examples of the strategies of a CRM company

In determining the IT project to undertake , the business strategy must first be analyzed and understood . For example , an organization 's business strategy may be to see a customer base increased by a certain percentage within a specific period . In the business strategy , all the necessary requirements for accomplishment of the strategy must be put in place . An IT organization may provide increase functionality through business analytics as well as executive dashboards

What follows should be the product strategy . An IT firm may want to work with business intelligence software organization to improve analytical capacity of the CRM software . The identification and undertaking of such strategies should be within a time frame . In this linkage chain , the product strategy should...