The reason most organizations struggle to demonstrate the business benefits of investing in information technology due to the lack of IT portfolio management (ITAM). Study in 130 companies, including Entertainment Harrah, waste and Blue Cross Blue Shield, shows that only 17% are in the front, or synchronized, stage ITPM. Check that 17% shows the best practices for successful bringing it in line with strategic objectives. The key to overcoming business technology divide and improving results of early communication. Necessary not only to business executives to understand more about how it affects strategy and the bottom line, CIOs need to learn to communicate the vision, strategy and goals of IT in terms that non-IT executives can understand. The most effective partnerships have been studied are those in which CIO took the lead in the discussion ITAM business leaders and eventually passed the responsibility on them. Best practices to obtain savings of up to 40% of pre-ITPM budgets, better match the cost of IT and business goals, and a more centralized coordination of investment in IT in the organization. Observing certain concrete steps to establish or upgrade ITPM and comparison with synchronized companies, large organizations can make it an integral part of their competitive advantage. "Hide
by Ingmar Leliveld, Mark Jeffery Source: MIT Sloan Management Review 11 pages. Publication Date: April 1, 2004. Prod. #: SMR135-PDF-ENG
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