Project Management

Taking Control

Rob Dickerson
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The emerging portfolio management discipline is finding acceptance and delivering benefits in the area of IT Governance.

Consider these questions about the project you are now working on:

 

* What contribution is each specific investment making to your corporate objectives?

 

* How do the costs and return of an individual investment compare with similar investments?

 

* In what areas could you focus investments and resources for maximum competitive advantage?

 

* Are you maximizing the return on the intellectual assets generated by your projects, products, assets and resources?

 

* Finally, do you even have the right mix of investments?

 

These questions are at the heart of business performance and critical to meeting investor's expectations. But finding the answers to them can be surprisingly challenging. Information on costs and performance is often separate from data on project status and resource utilization—and often available only after the fact.

 

Nevertheless, everyone in the IT chain from CIOs to project managers, is more accountable today for answering these questions than ever before, and is under the critical eye of the CEO and the board to deliver value and enable the business, while minimizing the risks with IT related initiatives.

 

Gartner Research defines IT governance …


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"A closed mind is like a closed book; just a block of wood."

- Chinese Proverb

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