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Architecture Layer Portfolio Management Processes
Dr. Andrew Makar is an IT program manager and is the author of the Microsoft Project Made Easy series. For more project management advice, visit the website TacticalProjectManagement.com.
The architecture layer, Figure 1, is the final layer in the portfolio management framework that describes the software packages and tools used to support the portfolio management processes. It is difficult to effectively identify, analyze and summarize the results of the portfolio management processes without a supporting information technology infrastructure. Tools help support the process of making effective portfolio management decisions.
Tools range from spreadsheets to data warehouses to feature-rich portfolio management tools. These tools help provide the business intelligence to answer portfolio management questions.
The software packages store the application and project management metrics used to make data-driven decisions. Financial costs, application problems, infrastructure outages and other performance metrics are stored in these databases for historical trending and future analysis.
The industry has responded by providing a wide range of software packages that provide support for application portfolio planning, prioritization, project management and monitoring tools. According to Gartner Research, the market has seen active growth with new product releases, delivery of software tools as a service, and continued merger and acquisition of project portfolio management tools. Clarity, Primavera, HP PPM, Microsoft Project,…
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