Summary
Given the current economic turbulence, the CIO and his or her staff must work with their business counterparts to revisit and revise their portfolio of projects. Necessity may dictate tough decisions about which projects to undertake, which projects to defer to a later time, and which ones to cancel or put on hold if they're already under way. This can be a chaotic process or a rational one, and IT should provide a framework for steering committees to make these decisions more rational. IT can accomplish this by characterizing in-queue and active projects by the nature of their benefits and the implications of canceling them.
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