Assessment and Priortization of Strategic Initiatives/Projects Using an Innovative Portfolio Management Software Solution

  Portfolio Management   Knowledge Shelf  

In a world of information overload and rapidly changing competitive environment, enterprises regularly face an array of complex business, technology, and policy issues. To be successful, enterprise executives have “to collaborate for competitive advantage; to promote a long term vision in a world of short term pressures; to benchmark their performance against the best; and to forge alliances with other businesses and with employees” ⁽¹⁾.

Assessment and prioritization of competing strategic and operational technology projects are daunting tasks, particularly in view to their impact on the availability and performance of the critical information systems (IS) and information technology (IT) infrastructure.

However, the current state of IT projects across all industries is fraught with pitfalls. The following are some of the findings in the broad IT markets:

• “42% of IT projects were abandoned before completion and roughly 50% of all technology projects failed to meet chief executives’ expectations” ⁽²⁾
• “Only 34% of application projects will come in on time and on budget. 51% of the projects are challenged projects (projects that are either over time, over budget and/or lacking critical features)” ⁽³⁾

• “10% of IT projects were abandoned before completion. More than 15% of IT projects were deemed …

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