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IT Governance & Business Alignment

Delivering projects that enable business growth and aligning IT strategies to business goals are key priorities for CIOs today. IT organizations must execute on these priorities while addressing requirements from governing boards related to corporate accountability and regulatory compliance mandates like Sarbanes-Oxley.

Without the right processes and systems in place, it’s tough to assess the value, cost, risk and performance of IT services. IT management needs to take a comprehensive view that considers the entire scope of IT processes, as well as all IT investments and resources. Effective governance enables CIOs to align and manage IT portfolios, improve organizational effectiveness and enhance the quality of IT service delivery.

IT Governance

Although the drivers for IT governance initiatives vary, successful IT organizations must develop decision-making frameworks and processes to define how investment decisions will be made; identify where accountability lies for those decisions; and improve the management of the resulting projects, applications and IT services. Effective governance ensures transparent accessment of accurate business-critical data.

Cobit is a set of guidelines IT organizations can use to employ management best practices, measure IT processes and align IT with business processes. It has become a recommended tool for IT departments to measure their value to the business, as well as comply with regulations such as Sarbanes-Oxley. Cobit 4.1 is better organized and provides clearer links between IT processes and business goals.

IT Portfolio Alignment
IT portfolio management is a disciplined approach to managing IT investments as you would a financial portfolio—balancing potential return with investment objectives and risk. IT portfolio management enables organizations to establish and adopt a recognized process for measuring and monitoring the value of IT investments, and to formalize the decision-making processes and frameworks as determined by the governance framework.

A critical aspect of IT portfolio management and effective governance is the ability to track where resources are deployed across the organization, and determine the true cost of IT initiatives and associated risks. This comprehensive view is only achieved by managing IT like a business, leveraging systems to automate core processes and provide real-time visibility into key performance metrics.

Taking an integrated IT portfolio management approach can help your organization improve its business performance, unlock opportunities for growth and create new value with strategic advantage and innovation. An integrated IT portfolio management approach incorporates the disciplines of Portfolio and Investment Planning, Project Portfolio Management (PPM) and Application Portfolio Management (APM).

Contact us today to find out how we can help your IT organization ensure effective governance and IT portfolio management.

Portfolio Management

Managing IT portfolios and Investment Planning provides a framework for IT executives and their line-of-business colleagues to determine which strategic projects should be funded and added to the portfolio, based on key business criteria and in accordance with governance processes.

Project Portfolio

Project Portfolio Management (PPM) provides the framework for assessing the health of key IT initiatives throughout the project life cycle. These portfolios need to be continually monitored to ensure new projects don't exceed expected budgets, are delivered on time and fulfill the business need. Project Portfolio Management also enables continuous monitoring of the portfolio and leverages information collected through business process to drive critical metrics.

Application Portfolio
Application Portfolio Management (APM) provides a framework for application life-cycle decision-making: which applications to maintain, which to invest in, which to replace and which to retire. Application portfolios allow IT to categorize applications in terms of business needs and to track client usage of and satisfaction with applications. Effectively managing your application portfolio supports IT efforts to consolidate applications, reduce costs and increase focus on the strategic needs of the business.

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