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Managing a portfolio of IT projects is one of the most complex, costly and resource intensive activities that organizations face. In today's sluggish economy, many companies are facing IT budget cuts, which means it's essential to make every IT dollar stretch further. With a limited budget come limited resources to effectively manage operational performance objectives. Past investments in hardware and software are costly to scale to meet shifting business needs. Hardware and software solutions may require expensive upgrades and maintenance to support new demands and to combat risks arising from new sources and emerging technologies. Additionally, some of these approaches may not conform to the ever changing business governance standards or compliance requirements.
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