Maximizing Strategic Investments with IT Governance

Maximizing Strategic Investments with IT Governance

An information technology (IT) governance solution helps businesses align IT spending with business strategy by combining the value of portfolio optimization with the power of improved execution. The solution features robust analytic tools to help companies model, evaluate, and make better decisions regarding their portfolio of projects and programs. Such a solution also provides managers and project teams with tools for the functional components of their work, including project management, resource management, and collaboration.


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Situation

Managers often face challenges such as IT costs that spiral upward due to project overruns. To address the problems, managers need to answer a number of questions, such as:

How can I determine which projects to fund and which to adjust or eliminate?

How can I more accurately report ROI and strengthen the case for additional funding requests?

How do I compare one project to another in terms of strategic intent and outcome?

Which projects can result in the most benefit with the least amount of risk?

How can I make these decisions using the most up-to-date data without paralyzing departments in report generation?

How can I get a better understanding of long-term workloads and capacity to reduce hire-fire cycles?


Solution

IT governance solutions based on the 2007 Microsoft Office system help you effectively manage and prioritize IT projects and resources across your organization. These solutions are designed for organizations that need strategic portfolio capabilities, strong team coordination, standardization in managing projects and programs, and centralized resource management, as well as high-level analysis and reporting. Key benefits enable your team to:

Capture all investments within a central repository. Consolidate business and IT investments within an enterprise repository to improve visibility, insight, and control. Centralized data facilitates cross-project analysis of finances, resources, and schedules, as well as other data trends and status for informative reports.

Objectively prioritize business strategy and competing investments. Apply proven techniques to define and prioritize your organization’s business strategy for the upcoming planning period, and automatically derive objective prioritization scores to effectively evaluate the competing investments from multiple dimensions.

Standardize and automate IT governance processes. Define multiple workflows to subject each project to the appropriate governance controls throughout its life cycle, from proposal to post-implementation, resulting in lower costs, faster cycle times, and increased quality. Implement repeatable processes as templates to standardize and streamline data collection across the organization.

More effectively manage resources. Gain visibility into overall work commitments, actual timesheets, and resource capabilities to better create resource plans that align your strategic recruiting and outsourcing with your long-term business objectives.

Measure and track portfolio performance. Effectively measure and track projects, programs, and applications throughout their life cycles, giving you the visibility to proactively identify potential issues, make decisions, and help ensure that your portfolios maximize return on investment (ROI) and improve operational efficiencies.


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If you have a solution based on the Microsoft Office System, learn more about opportunities to showcase your solution with Microsoft.

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