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September 30, 2005 Optimizing The IT Portfolio For Maximum Business Valueby Craig Symons with Laurie M. Orlov, Samuel Bright, Katherine Brown |
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This is an excerpt
One of the most frequently used IT benchmarks measures the IT budget as a percent of the firm's revenues. The average depends on the industry and varies from 1.1% to 8.2%, but it is not uncommon for financial services firms to spend more than 10% of their revenues on IT. However, while this measures the investment in IT, few measure their return on that investment. IT portfolio management (ITPM), also known as enterprise portfolio management (EPM), offers not only the opportunity to measure that return on investment (ROI), but also provides the processes and tools needed to optimize the return on the portfolio. Forrester surveyed North American IT decision-makers, and interviewed users and vendors to better understand IT portfolio management best practices and optimization methods. Organizations that employ portfolio optimization demonstrate significant increased returns and greater business value from their IT investments.
This is an excerpt
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IT Management, Serving the Business, IT Strategy, Planning, & Governance