IT DRILLDOWN
 
NEWSLETTERS
 

CIO.com updates, insights and advice on technology, management and your career.

 
 
 
LEADERSHIP
 
CIO Executive Programs
The Leader in Face-to-Face Education for Senior Executives

Offering regional and national programs, CIO (and CSO) events bring together some of the most respected names and thought leaders in information technology and security. Presented by CIOs and other senior level executives, these invitation-only programs offer timely topics and strong networking. Learn More »

 
CIO Executive Council
A Peer-Advisory Service and Professional Association for CIOs

Portfolio Management Maturity Model at Chevron - Presentation & Discussion

November 13, 11:30 AM - 12:30 PM ET (GMT-4)

The fundamental goal of the model is to help IT become a business partner and earn a seat at the table. Core to the model is to establish a five year IT strategic road map that is owned by the business. Presenter Janinne Franke is manager of strategy, planning & optimization at Chevron's corporate department & services. She will share processes and lessons learned from developing and implementing the model.

More / Register »

Learn more about the CIO Executive Council »



 
 
RESOURCE CENTER
 
 
 
SUBSCRIBE TO CIO
 
Are you involved in setting the direction for your company's IT budget or strategy?

Apply today for a FREE subscription to CIO Magazine!

 
 

Portfolio Mangement of IT

Using business strategy to manage IT like a portfolio.

 

June 12, 2008CIO — The debate over whether to run IT like a business is hot right now. Before implementing a new management structure into a department, it is important to understand that each part of a business affects the others.

Phyllis Post, Senior Director, Global Business Planning & Management, Corporate IT, Merck & Co., suggests that IT should be managed like a portfolio. In fact, to function as well as possible, Post adds that companies need to understand that the IT department must be included in the "rhythm" of a business. Additionally, to create the best marriage of the two, the overall values of the business need to be up to date. The IT department should not be viewed as a regular maintenance or office supply expense. The department can break a company's budget if not respected as an integral department within the company as a whole.

Good portfolio management involves checking in on a team regularly (monthly, quarterly and annually). According to Post, the three parts of portfolio management include value creation, knowing the demand and ensuring effective execution. By managing the IT department in this way, a company is able to continually measure how well the IT department is staying on strategy in relation to the rest of the company. Without a set strategy to keep the IT department in sync with a company, more money will be spent overall as the company may rush to spend on the IT department to get it back on track. However, if a strategy is set and followed and there is a budget cutback during this time, the CIO will know where to trim, instead of evenly shaving off a little money dedicated to each project.

Loading...
 
 
ABCs
 

Just the basics, please. Sometimes we all need a refresher or we need to make sure our team and our colleagues are all on the same page.

Over 25 tutorials on everything from business intelligence to virtualization.

 
 
FEATURED SPONSORS
 
 
 
SPONSORED LINKS
 

Google Case Study: Sunnybrook Health Sciences

Portfolio Management for Effective IT Governance

Telepresence - A Realistic Solution Connecting a Global Workforce

How End-User Monitoring Can Help You Improve Customer Satisfaction

Extending the Enterprise Network Through Mobility

Industry Analyst Report: Top Hosted Exchange Vendors in 2008

Log onto Hitachi True Stories, films inspired by the next great achievement

CA delivers deeper insight into your assets, resources, projects & services so you can make more informed IT decisions

Manage your IT more effectively

Request a Novell/Microsoft deployment workshop and kit

Request a Novell/Microsoft deployment kit

Let Hubspan's managed service tackle your business integration challenge so you can focus on your core business

Strong Authentication. Secure USB data storage. One Device

Build up or Tear down? See how UC makes sense with Nortel. Calculate your UC ROI

Dell Latitude: Battery life up to 19 hours. Learn more

TDWI Report shows strong validation for investing in predictive analytics

Improve delivery of product information to customers.

E-LOAN Maintains Reputation as a Privacy Leader with Symantec

Information Security: Data Drains and How to Prevent Loss

Prudential Financial Protects its Brand with Symantec

A Guide to Understanding Hosted and Managed Messaging

Google Apps Premier Edition Helps Indoff Manage E-mail More Effectively

CapGemini Cut Call Center Costs with Google Apps Premier Edition

Comprehensive Review of Security and Vulnerability Protections for Google Apps

Web 2.0 The New Face of the Web

Google Case Study: Kimberly-Clark

Project Portfolio Management - Boost the Value of IT

IT Cost Transparency & Performance Management for Optimizing IT

New research validates telepresence solutions.

Keep proven data center technology. Evolve with Brocade

Motorola AirDefense can identify and exterminate your rogue APs. Learn more

CA's IT Security centralizes your identity management to turn security into a proactive, business-building tool

Efficient - Flexible - Compliant

Is there a secret to Sharepoint® Security? www.SharePointSecured.com

Request a Novell/Microsoft deployment workshop

Keep your valued customers through tight business integration - it's a lot easier than you think

Simplified business collaboration, we make the connections so you don't have to

Compuware.com - See how we make IT rock around the world

Discover PMI's credentials and career path tools

SOA Educational Library at the TIBCO SOA Resource Center

Grassroots Data Governance with SAP MDM

Security and Trust: The Backbone of Doing Business over the Internet

7 Requirements of Data Loss Prevention

Data Loss Prevention: Keeping Sensitive Data Out of the Wrong Hands

Best Practices in Choosing and Consuming Managed Security Services

A Guide to Messaging Archiving

2008 Google Communications Intelligence Report

The Impact of Messaging and Web Threats

Comparing Google and Other Leading Messaging Security Solutions

Deploying a Google Search Appliance is Not your Typical IT Implementation