Prioritizing the IT Project Portfolio
This paper explains that the function of an IT project portfolio is to manage the various projects of a company in a better and in a more effective way.
# 75297 | 2,500 words | 10 sources | MLA | 2006 |
Published on Dec 11, 2006 in Business (Companies) , Business (Management) , Business (Applied Operations) , Business (Business Plans) , Economics (General)
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In this article, the writer looks at a project portfolio management, that organizes a series or a number of projects that a company may be involved in. The writer explains that these projects are organized into a single portfolio that may consist of reports that state the company's various objectives, costs involved, all its various accomplishments to date, various timelines, its resources, its manifold risks and many other critically important factors necessary for running the business successfully. The writer discusses the importance of diversification which is in fact not at all a new concept as far as the business and especially the financial world is concerned. The writer concludes by stating that if a company learns to prioritize its IT portfolio, then it would be able to function at its optimum best, generating profits for the company, as well as giving customers the satisfaction that their projects are being taken care of in an efficient manner by the management of the company.
Table of Contents
Table of Contents
From the Paper:"The result of a good project plan would be that all IT projects would be completed on time, it would be cost effective, and it would save on valuable time and resources, bringing in profit for the company where it is implemented. An effective and an efficient IT portfolio would be of great benefit for the company where it has been introduced, and when it was introduced in John Deere Health Plan, it has resulted in bringing in success to the company, which can now manage all its projects in a much more efficient manner than before, with projects being completed well on time, and lesser projects being rejected by the management. If all companies were to manage their IT portfolios in a similarly effective manner, then there would be less loss and more profit everywhere."
Cite this Dissertation or Thesis:
Prioritizing the IT Project Portfolio (2006, December 11) Retrieved May 30, 2020, from https://www.academon.com/dissertation-or-thesis/prioritizing-the-it-project-portfolio-75297/
"Prioritizing the IT Project Portfolio" 11 December 2006. Web. 30 May. 2020. <https://www.academon.com/dissertation-or-thesis/prioritizing-the-it-project-portfolio-75297/>