IT (Information Technology) Portfolio Management Step-by-Step Unlocking the Business Value of Technology

by Maizlish, Bryan; Handler, Robert

• ISBN13: 9780471649847
• ISBN10: 0471649848
• Edition: 1st
• Format: Hardcover
• Copyright: 2005-04-28
• Publisher: Wiley

Summary

Praise for IT Portfolio Management Step-by-Step "Bryan Maizlish and Robert Handler bring their deep experience in IT 'value realization' to one of the most absent of all IT management practices--portfolio management. They capture the essence of universally proven investment practices and apply them to the most difficult of challenges--returning high strategic and dollar payoffs from an enterprise's IT department. The reader will find many new and rewarding insights to making their IT investments finally return market leading results." --John C. Reece, Chairman and CEO, John C. Reece & Associates, LLC Former deputy commissioner for modernization and CIO of the IRS "IT Portfolio Management describes in great detail the critical aspects, know-how, practical examples, key insights, and best practices to improve operational efficiency, corporate agility, and business competitiveness. It eloquently illustrates the methods of building and integrating a portfolio of IT investments to ensure the realization of maximum value and benefit, and to fully leverage the value of all IT assets. Whether you are getting started or building on your initial success in IT portfolio management, this book will provide you information on how to build and implement an effective IT portfolio management strategy." --David Mitchell, President and CEO, webMethods, Inc. "I found IT Portfolio Management very easy to read, and it highlights many of the seminal aspects and best practices from financial portfolio management. It is an important book for executive, business, and IT managers." --Michael J. Montgomery, President, Montgomery & Co. "IT Portfolio Management details a comprehensive framework and process showing how to align business and IT for superior value. Maizlish and Handler have the depth of experience, knowledge, and insight needed to tackle the challenges and opportunities companies face in optimizing their IT investment portfolios. This is an exceptionally important book for executive leadership and IT business managers, especially those wanting to build a process-managed enterprise." --Peter Fingar, Executive Partner Greystone Group, coauthor of The Real-Time Enterprise and Business Process Management (BPM): The Third Wave "A must-read for the non-IT manager who needs to understand the complexity and challenges of managing an IT portfolio. The portfolio management techniques, analysis tools, and planning can be applied to any project or function." --Richard "Max" Maksimoski, Senior Director R&D, The Scotts Company "This book provides an excellent framework and real-world based approach for implementing IT portfolio management. It is a must-read for every CIO staff considering how to strategically and operationally impact their company's bottom line." --Donavan R. Hardenbrook, New Product Development Professional, Intel Corporation

Author Biography

Bryan Maizlish is Chief Technology Officer–Program Team at Lockheed Martin Integrated Systems & Solutions' GeoSpatial-Intelligence Solutions line of business. He is also the Chairman for the annual Strategic & Operational Portfolio Management conference cosponsored by the PDMA and IIR. He has served in management roles for companies that developed the Internet strategy, design and architecture, and systems integration and implementation for many global 2000 companies. He received his MBA from The Wharton School of Business, and was a member of the 1983 Rose Bowl Champion UCLA football team. He lives in Potomac, Maryland with his wife and three children.

Robert Handler is Vice President at META Group, Inc., one of the leading IT research firms. Robert led the IT portfolio management research for META Group and is a sought-after speaker and author of numerous research papers on the topic. He has over fifteen years of experience in all aspects of information technology, and has worked at such esteemed organizations as IBM and Ernst & Young LLP. He holds a Bachelor of Science in Business Administration from Pepperdine University and an MBA in Information and Decision Systems from San Diego State University. He lives in San Diego with his wife, two children, and two golden retrievers.

Table of Contents

Introduction.

1. IT PORTFOLIO MANAGEMENT: AN OVERVIEW.

Cha Cha Changes In The Current Environment.

Focus On It Investments.

Forming, Norming, Storming – The It Lifecycle: It Discovery, It Project And It Asset Phases.

Does It Really Matter? The It Productivity Paradox.

It Portfolio Management 101 - Definition And Characteristics Of Portfolio Management.

Comparison Of It Portfolio Management To Financial Portfolio Management.

Portfolio Management – Value and Risks.

Appendix 1A  Selected Firm-Level Studies of IT Returns.

2. PLANNING FOR IT PORTFOLIO MANAGEMENT: READY, AIM, AND THEN FIRE.

Baseline Assessments.

Organization Readiness.

It Portfolio Management Maturity.

It Portfolio Management Capability Assessment.

Performing Stakeholder Analysis.

Refining It Portfolio Objectives.

Portfolio Metrics.

Chartering The Effort.

Task Planning.

Communication Planning.

It Portfolio Management Software Selection.

Appendix 2A  IT Portfolio Management Maturity Levels.

3. PEOPLE AND GOVERNANCE ASPECTS—THE MOST IMPORTANT SUCCESS FACTORS OF IT PORTFOLIO MANAGEMENT.

A Demanding Environment.

The New Focus For IT – Business.

The Business – IT Alignment.

IT Governance.

Performance Management for IT Governance.

Governance Approaches.

CobiT - IT Governance Reference Models.

Getting Started.

Appendix 3A:  Sarbanes-Oxley Compliance Roadmap.

Appendix 3B:  Top Issues Management Face.

Appendix 3C: Top Issues Mapped to Key Individuals and Governance Bodies.

4. IT PORTFOLIOS AND THEIR CONTENT IN CONTEXT.

The Discovery Portfolio.

IT Project Portfolio.

IT Asset Portfolio.

Appendix 4A:  Technology Readiness Levels: Hardware and Software.

5. BUILDING THE IT PORTFOLIO. 

Stage 1: Game Plan Stage – Failing to Plan is Planning to Fail.

Stage 2: Planning Stage.

Stage 3: Creating Stage.

Stage 4: Assessing Stage.

Stage 5: Balancing Stage.

Stage 6: Communicating Stage.

Stage 7: Governance & Organization Stage.

Stage 8: Assessing Execution Stage.

Appendix 5A: Value Categories and Value Factors.

Appendix 5B: Risk Categories and Risk Factors.

Appendix 5C: Readiness Assessment: Business, Internal, and Operational Diagnostics.

6. THE IT PORTFOLIO MANAGEMENT MARKET AND INDUSTRY PROVIDER ASSESSMENT METHODOLOGY.

IT Portfolio Software Market.

IT Portfolio Software Selection Process.

Industry Provider Assessment Methodology.

Appendix 6A:  Advanced IT Portfolio Software Provider Evaluation Criteria.