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PPM Solutions to IT Governance
The difference between strategic project success and failure for organizations is often based on their IT governance framework. And project portfolio management tools are contributing more and more to the governance area through core components. Here’s a roundup of solutions to consider.
Information technology management and chief information officers share a common goal to maximize the value of their IT investments. Achieving this requires a strong foothold on the multiple projects taking place at any given time. Identifying risk, resource utilization and earned value with a portfolio of IT projects necessitates the implementation and adoption of standards processes to track and respond to any “red flags” that may appear. This is accomplished by establishing IT governance, where a structure of relationships and processes will direct and control an organization in order to achieve its goals to add value and to balance risk. Moreover, the standards and processes put in place can assist organizations with compliance issues surrounding the Sarbanes-Oxley Act (SOX) and other governance standards such as the Organizational Project Management Maturity Model (OPM3), Capability Maturity Model Integration (CMMI) and Information Technology Infrastructure Library (ITIL).
In light of the increasing interest in IT governance, numerous project portfolio management (PPM) vendors have …
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