Researchers have found that by implementing and using an IT project portfolio prioritization and selection process companies can reduce their net project portfolio costs by 2.5% ,on average. Optimize! has found that companies can often implement a portfolio system with their existing tools and personnel, making for a quick deployment and reduced ROI time horizon.

What is Portfolio Management?

Portfolio Management is a method for evaluating an organization's collection of proposed project profiles and in-flight project performance against an established criteria of economic, technology and strategic objectives. The fundamental objective of Portfolio Management is to determine the optimal mix of projects in the organization's funnel that will achieve the firm's goals.

How Would Portfolio Management Benefit my Organization?

In addition to the cost savings, IT Portfolio Management provides:

• Alignment of Business and IT strategy and activities
• Centralized repository of all IT projects
• Improved organizational communications and transparency
• Easier investment decision making
• Increased effectiveness in human capital management
• Elimination of redundant engagements
• Reduction of low-value IT project spending

Optimize! has implemented multiple portfolio management systems and processes for medium and large size clients. We've also refined existing portfolio management functions for clients when their organization has altered significantly, i.e, after an acquisition.