Project and Portfolio Management: Optimizing IT Portfolio Management, Project Selection, Execution, and Visibility
Source: Borland Software
IT organizations play a larger role than ever in driving business success. The systems and solutions they create, manage, and maintain now serve as the engines of the enterprise. As a result, IT organizations are rapidly evolving from technology cost centers to strategic business units. This long-anticipated evolution reflects the fact that companies, on average, spend more than $9,000 per employee, per year on IT investments. Some companies are spending upwards of $22,000 per employee each year on technology. For a typical mid-to large-sized business, these figures can quickly add up to millions of dollars. But with this evolution has come unprecedented demands on IT departments. Executives today expect that their sizable IT investments rapidly translate into significant, measurable business benefits and competitive advantage.