Who’s Keeping Score?

  Governance   Portfolio Management   ProjectsAtWork  

All organizations face significant challenges in planning for and managing their IT portfolios. These challenges can be addressed, in part, by the use of systematic processes for selecting and evaluating IT investments. Based on a framework created for federal agencies, here are some key components to consider including in your project portfolio-scoring model.

The ITIM maturity framework cites the establishment of “one or more IT investment management boards” as a fundamental step in establishing a mature capital planning process. The framework states that a department-wide IT investment review board (IRB) composed of senior executives from both IT and business units should be responsible for defining and implementing the department’s IT investment governance process. This department-level IRB is to provide selection and oversight of department IT projects to ensure that the department’s portfolio of projects meets mission needs at expected levels of cost and risk.

Selecting projects involves identifying and analyzing projects’ risks and returns before committing any significant funds to them and selecting those that will best support the agency’s mission needs; overseeing projects involves reviewing the progress of projects against expectations and taking corrective action when these expectations are not being met.

Specifically, …

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