IT Portfolio Management.An Offering of Proffesional Services Group

IT Portfolio Management Group (PMG) provides financial, technical, and management personnel with a knowledge and understanding of the theories, concepts, and disciplines of portfolio management. The service also includes training and support for the use of the Portfolio Management software tool in order to improve the planning, budgeting, and management of IT, especially IT investments.

ACTG provides expert advice, formal education/training, extensive documentation and personal instruction on the underlying theories and concepts of portfolio management and the use of the supporting software tool to assist in the management of IT investments over their life cycle.

Project Portfolio Management (PPM) – supports the governance and management of IT implementation projects at the project, department, and executive levels. Our services include the following capabilities:
Portfolio Management is divided into three parts:
A workflow process that encompasses project approvals, checkpoint reviews and periodic (monthly) status reporting A gated review and approval approach at governance hierarchy levels – due diligence path to ensure past work is acceptable and the project is positioned to complete the succeeding phase successfully

Administrative support for sequencing of development and project management that follow industry recognized best practices for system development life cycle (IEEE) and project management (PMI)

Applications Portfolio Management (APM) – supports the management of applications assets to minimize risks and optimize benefits-costs over their useful life cycle.

Key activities are:

  • Inventory applications by collecting relevant data in the areas of basic identification and use, technical and business status and risk profile.
  • Assessment, using a variety of criteria. The criteria include agreement with business strategies or business priorities, benefits and value to corporate missions or business processes, costs to maintain and operate, ability to meet current and future business requirements, operational performance, technical status, and risks.
  • Identify areas of over and under investment in operations and maintenance and reallocate funds to give the most benefit or greatest value for monies spent.
  • Develop management plans (roadmaps) for applications. The plans include strategic planning, prioritization, cost analysis, and timelines for continued operation and maintenance, enhancement, renovation, consolidation, elimination, or replacement.
  • Investment Portfolio Management (IPM) – supports the functions of strategic business and IT planning and investment selection and budgeting.

The objective is to:

  • Identify, evaluate, prioritize, justify, and recommend IT investments that best meet a variety of relevant criteria such as enabling business initiatives, aligning with missionstatement and strategies.
  • Offer financial returns in revenue generation or cost savings
  • Provide better customer services or technology effectiveness
  • Fit technical architectures
  • Satisfy budget, staffing, and other constraints
  • Meet risk profiles
  • Provide the most benefit considering initial and life cycle costs

Share