Balanced Scorecard for Project Management Portfolio Optimization
Firms can categorically observe that project management in most Information Technology organizations ranges from undisciplined to chaotic. Few organizations are armed with the necessary infrastructure, education, training or management disciplines to bring project initiatives to successful completion. Furthermore, research indicates that more than half of all IT projects exceed their budgets and timetables while failing to deliver the expected outcomes. Managing complex IT initiatives is challenging, even when measures of success are known and understood. In order for companies to survive and excel in today’s global environment, the corporate IT portfolio-planning function needs to plan IT initiatives strategically. Organizations must efficiently measure criteria that will enhance the performance of the overall strategies of their business.