CONSULT ( COLLABORATE ( MENTOR
Application & Project Portfolio Management
The overall goal of IT Portfolio Management is for an organization to select, fund and manage a grouping of application and project investments which, when taken collectively, generate maximum benefits to the organization. Ultimately, insight and management of enterprise IT spending will be the difference between those organizations that have the resources available to develop the next "best-of-the-class" product or solution and those that are merely "keeping the lights on".
Questions that must be asked to gain the insight you need are:
- Are we working on the right activities that benefit our organization?
- Which projects and programs are we investing in this month? This quarter? Remainder of the year?
- What is the health status of our existing investments? Should we pull the plug on any of them?
- When will the right resources be available to work on key initiatives?
- What are our people working on? How well are they meeting objectives?
Although there is a number of software vendors with specialized tools designed to support your portfolio management efforts, the investment in a tool alone will not ensure a successful application and project portfolio. Processes that support both investment management and decision making need to be established and incorporated within your specialized portfolio management tool of choice.
Not every firm is at the same level of IT Portfolio Management maturity or needs the same level of rigor or process. Furthermore, successful IT Portfolio Management has a number of organizational capability dependencies which often don't exist. Our team of experts will review your organization's capabilities and map them to readiness for portfolio management. We will prepare a roadmap which includes the adoption of IT Portfolio Management tools, such as Rational Portfolio Manager, based on your abilities and business imperatives.
Service Offerings
We leverage our expertise and knowledge in providing the following specialized services for this discipline:
IT Assessment & Roadmap
Leveraging our standardized approach to process assessment and roadmapping, we can assess and create a specialized roadmap to guide an organization’s efforts in the adoption of IT Portfolio Management processes and tools. Our experience has shown that process needs to drive tools and through tool automation the greatest level of efficiency is achieved.
IT Portfolio Management Process Adoption
While several organizations have mature project and program management processes, many do not have any for IT Portfolio Management. And while there are large bodies of knowledge to cover these topics, such as the Project Management Institutes Project Management Book of Knowledge (PMI PMBOK), little actionable process documentation exists for IT Portfolio Management. Noblestar consultants bring an IT Portfolio Management process baseline and tailor it to your specific needs using our standardized process tailoring and enablement techniques. Using process management tools we'll provide the right level of detail to help you achieve your objectives. We'll also help you integrate your current project and operational processes, such as ITIL, with IT Portfolio Management.
IT Portfolio Management Tool Adoption
Adoption of IT Portfolio Management tools tends to be a complex undertaking and similar in scope to implementing Enterprise Resource Planning (ERP) tools like PeopleSoft. Adoption of enterprise portfolio management applications such as Primavera ProSight and Borland Tempo, all tend to involve a much broader audience than just IT Executives. Senior Business leaders in the organization are also likely to express a great deal of interest in the capabilities tools can provide the organization in terms of enterprise project and resource management. Noblestar has a long history of package implementation and has applied this expertise to develop a proven approach to implementing and adopting these tools. Our experience with both the installation as well as the configuration of these tools accelerates the speed at which you can truly receive value.
