An explicit line of sight between all the projects in the portfolio and the strategic intent of the hosting organization 2. Strategic information technology and portfolio management bridges the knowledge between information technology planning, enterprise architecture, and it portfolio management taking into account their financial impact. In the field of management, strategic management involves the formulation and implementation of the major goals and initiatives taken by an organizations top managers on behalf of owners, based on consideration of resources and an assessment of the internal and external environments in which the organization operates. Pdf strategic information technology and portfolio management. Strategic information technology and portfolio management albert wee kwan tan, albert wee kwan tan, petros theodorou while much has been written about strategic information systems planning, the integration of strategic planning with portfolio management. Ribbers 4 the information technology and management. From your first experience with ppm software to advancing strategic and investment planning across your enterprise, planview offers a portfolio and resource management solution that fits the needs of every pmo. Active engagement of the executives who will be directly and visibly responsible for the composition of the portfolio 3. The strategic impact of projects the question of a project managers role in benefits realization management has divided opinion in the profession for over 20 years, to my knowledge. With so much research being carried out on the use of it in the construction industry, it is important to ensure that the results and findings can be compared and lessons learned be applied to gain a picture of the growth of it use. The role of information technology in strategic management. Information technology portfolio management itpm is a topic of intense interest in the strategic management of information technology it. Strategic information technology and portfolio management bridges the knowledge between information technology planning, enterprise architecture, and it portfolio management. This instruction establishes department of the navy policies and procedures for the management of information technology and national security systems investments as portfolios across the don enterprise that focuses on improving don capabilities and mission outcomes.
New research reveals how to meet the challenges of it portfolio management to deliver tangible results. A framework for the strategic management of information. Zinner 8 managing the innovative performance of technical professionals 239 ralph katz part iv technology strategy 265. Oimt office of information management and technology information technology strategic plan 20152018 2017updated goals and objectives. Strategic information technology and portfolio management igi global 2009 free ebook download as pdf file. Strategic information technology and portfolio management. The concept of strategic information management conveys manifold images, such as the strategic use of information systems, strategic information systems planning, strategic information systems. Business technology services 2019 strategic plan pinellas county. Information technology portfolio management implementation secnavinst 5230. Presenting information that is current with the standard for portfolio management, third edition 20.
In itpm, it synchronization with corporate business strategy is operationalized by the application of the principles of financial portfolio management to it investments. Information technology capital planning and investment. The 5th edition of strategic management of technology and innovation continues its unmatched tradition of market leadership, by using a combination of text, readings, and cases to bring to life the latest business research on these critical business challenges. He suggested that projects, rather than assets or investments, are the components of the portfolio and that the common management. Gichuhi 2009 undertook a study on value of ict in organizations. Strategic information technology and portfolio management albert wee kwan tan, albert wee kwan tan, petros theodorou while much has been written about strategic information systems planning, the integration of strategic planning with portfolio management has been ignored, leaving the potential benefits of their combined approach to planning. Strategic actions in information technology investment. Portfolio management practices have been integrated into information technology departments as a means to improve project selection and contribute to the achievement of an organizations strategic. Strategic information technology and portfolio management igi. Strategic planning of information systems information.
Pdf the application of information technology portfolio. Project portfolio management in theory and practice. It portfolio management is the application of systematic management to the investments, projects and activities of enterprise information technology it departments. Strategic management of technology and innovation 5th. A strategic approach supplies indepth treatment of the five domains and identifies best practices to ensure the organization has a balanced portfolio management that is critical to success. Information technology investment management itim table of contents. It may be copied and reproduced for personal use only.
Project portfolio management is seen as a holistic activity, dependent on the organizations strategy. The rapid growth of information technology it investments has imposed pressure on management to take into account the risks and payoffs in their invest. Managing the applications portfolio set of known requirements and potential applications portfolio concept is a means of bringing together existing, planned and potential information systems and their business contribution usefulness of matrix approach is borne out by the ease with which management is willing and able to categorize systems in this way. The management of the information technology it investment process is an increasingly critical problem facing line and information systems is managers. The itpm constitutes an indispensable part of the strategic information. Chapter application portfolio strategic management swot. In what follows, we offer a strategic portfolio management framework for closing the gap between strategy and results.
This paper provides the basics of technology and innovation management in practice, and provides a need for further research to better understand the rationale. Strategytoproject strategic portfolio management in the. Strategic information technology and portfolio management pdf. During the past 20 years companies have greatly improved processes and systems for managing the operational aspects of project portfolio management ppm budgeting, project management, resource planning, and phase gate processes strategic portfolio management.
With so much research being carried out on the use of it in the construction industry, it is important to. Patent information for strategic technology management. Does your information technology strategic plan promote functional initiatives that will drive enterprise productivity, innovation and growth. This article is excerpted from it portfolio management stepbystep. The it portfolio is managed like a financial portfolio. A knowledge gap therefore exists in the experience of whether. Mosoti 2009 carried out a survey of information systems. Only with executive support can project managers achieve the results that enable the organization to implement its strategy through its projects. Managers down the line rough out productmarket strategies. Jun 02, 2016 strategytoproject strategic portfolio management in the digital era 1. Strategic portfolio management pmi project management. Implementing project portfolio management without the clear support of top executives, you may not be able to obtain the necessary commitment from the senior management of the impacted business units.
Information and communication management strategy development. Mosoti 2009 carried out a survey of information systems challenges in kenya parastatals. Information technology it is strategic for organization management stair, r reynolds, g. Services, lemminkainen oyj june 1st 2016, ppm excellence summit, berlin. Information systems management and strategy formulation. The data arising from the portfolio analysis are objective and can therefore be helpful in gaining from both management and customers support for proposed change. The intent of this information technology strategic plan is to ensure that the defined projects and technology initiatives are aligned with the overall it goals and are supportive of the general business. Strategic management of technological innovation melissa a. Several authors have identified the underutilization of information technology as a serious problem facing both information systems and business managers 3, 14, 31. Kardaras, athens university of economics and business, greece bill karakostas, city university, uk section ii information technology portfolio management chapter v it portfolio management.
Pdf strategic information technology and portfolio. Several studies have been carried out on strategic management and information technology relationships in different companies. In the quest to reduce wasted costs and increase project success, an increasing number of information technology it organizations are embracing project and portfolio management ppm as approaches to both improve project performance and select the right projectsthose that align with the organizations objectives. These links provide agencies with strategic resource information, it planning. Technology strategy and management control simulation, decision support, and control of manufacturing flows applications of principalagent theory it and productivity raquel flodstrom, master of science in engineering wrote framework for the strategic management of information technology, as her licentiate thesis.
Ppm inevitably places new demands on business units, and youll need commitment at this level for the process to work. The management literature is full of valuable strategic planning methodologies for information technology it. Examples of it portfolios would be planned initiatives, projects, and ongoing it services such as application s. Strategic portfolio management spm helps decision makers align an organizations portfolios to best execute on the corporate strategy. Pdf the strategic perspective of information systems and the importance of planning have been recognized since anthonys 1965 work on the hierarchical. Two recent major trends in todays complex and competitive high technology global society have underscored the importance for a textbook on strategic. The importance of the strategic management of technology. Sutherland 3 information strategy 64 assessment of information strategies in insurance companies m. Information technology portfolio management implementation. Top executives ponder strategic objectives and missions. Conference paper pdf available january 2004 with 947 reads how we measure reads. The information and communication management strategy development facilitator. The apo top management forum 2007 was organized in collaboration with the japan productivity center for socioeconomic development jpcsed and gathered 35 overseas participants from 18 apo member countries, as well as 20 local participants.
Department of information technology strategic plan. Intended for it professionals, researchers, and academicians, this book provides techniques and tools appropriate for building. The itpm constitutes an indispensable part of the strategic information system which is an integrated multifunctional structure having its origin in works of a. Project portfolio management software ppm tools planview. The division is responsible for managing the states it portfolio through enterprisewide strategic planning, establishing an enterprise architecture, overseeing the.
This chapter presents the concept of strategic information technology portfolio management for development of innovation competences in a. Aligning strategic planning and product portfolio management is key to success strategic planning and product portfolio management are a natural match. An ability to clearly communicate how the portfolio is. The impact of project portfolio management on information technology article pdf available in international journal of project management 237.
Information technology and corporate strategy senior executives, strategic planners, and information systems managers are increasingly. Strategic management of information technology in construction industry 523 2002, toole 2003. Pdf the author does not have rights to distribute the fulltext copy online only the table of contents is provided here. The aim of this book is to bridge the knowledge between information technology planning itp, enterprise architecture and it portfolio management taking into account the financial impact. We are committed to the use of itil within county it, and we will continue to modify our practices so that we are in general conformance with many of itils approaches. Unlock part 1 of our strategic planning and budgeting essentials. Strategic management of technology and innovation, homewood, illinois. The complexity and volume of information we use and need is increasing.
Strategic information technology and portfolio management albert wee kwan tan national university of singapore, singapo. Risk in information technology project portfolio management article pdf available in journal of information technology theory and application 83. Pdf risk in information technology project portfolio. The forum focused on the strategic management of technology. This document is a part of the abovetitled publication, and is provided in pdf format for educational use. This paper examines and compares two case studies in practicing strategic portfolio management. Wrexham county borough council information management strategy 2016 2019 5 version 2. This paper examines and compares two case studies in practicing strategic portfolio management spm, one effort that. The objectives of the proposed book are to provide techniques and tools. Strategic management of technology and innovation apo 2007, isbn.
Strategic management of information technology investments. Hmrc will address information technology issues and its choice of solutions now and in the near future. In 1981, mcfarlan imported the portfolio management approach from the financial sector to the field of information technology it. Pdf strategic management of technological innovation. It02, information technology strategic investment planning, this program. The it strategy and investment management program administers the state of. Fuzzy modelling for integrated strategic planning for information systems and business process design.
The impact of project portfolio management on information. To manage a portfolio of projects successfully, a project manager must obtain and exploit the support of senior management. During the past 20 years companies have greatly improved processes and systems for managing the operational aspects of projectportfolio management ppm budgeting, project management, resource planning, and phase gate processes. To illustrate the strategic portfolio management process, this paper uses the. Project portfolio management in a company strategy. Their input, advice, and lessons learned, both successes and failures, have been incorporated into this document so that we may all apply better strategic management. Strategic planning of information systems information technology at kominfo department in malang nicka puspita sriminangga and febriliyan samopa masters program in management of technology, institut teknologi sepuluh nopember jl.
When to use portfolio analysis provides essential information to underpin recommendations for the development of the category strategy. Project portfolio management in theory and practice thirty case studies from around the world jamal moustafaev, mba, pmp click here to order project portfolio management in theory and practice. Strategic portfolio management enables senior management to create, define and manage the portfolio of strategic options that best delivers the organisations vision, balancing short and long term objectives, risks and costs. Technology based competitive opportunities are overlooked because of. The information technology infrastructure library itil is a series of modules that outlines best practices in various aspects of it. The discipline of management of technology, based on considerations related to. This study aims to determine how the project portfolio decisions are made and how the project portfolio is managed. Strategic information technology and portfolio management albert wee kwan tan, albert wee kwan tan, petros theodorou on. Enterprisewide portfolio and resource management and capability and technology management.
State of ohio interest in understanding blockchain opportunities. Dejan petrovic, marko mihic, and biljana stosic in chapter viii presents the concept of strategic information technology portfolio management for development of innovation competences in a. Information technology portfolio management references. For the better part of a decade, strategy has been a business buzzword. In order to adequately manage the it services within its portfolio, the information technology. The aim of this study is to investigate the effectiveness of the project portfolio management in different business organizations. Information technology and management explores the many different technologies inherent in the field of information technology and their impact on information systems design, functionality, operations, and management. Unlocking the business value of technology, by bryan maizlish and robert handler. In conclusion, the framework provides for scholars and practitioners a logical structure to elements of strategic technology management. Introduction information management strategy 5 increasing the required information management capability within the oga to collect, store, integrate, analyse and publish data to support mer uk objectives harmonising information and data access and quality for a wider variety of data, making data easier to find and use. This study involves the exploration of information technology portfolio management itpm in conjecture with modern portfolio theory mpt.
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