CIO Council issues a portfolio management primer

CIO Council issues a portfolio management primer

Agencies with established enterprise architectures and agencies that integrate IT management into their budgeting processes are more likely to succeed at IT portfolio management than agencies that do not, according to a recent CIO Council report.

The Best Practices Committee issued A Summary of First Practices and Lessons Learned in IT Portfolio Management to help agency officials improve their capital planning and investment control process.

The report describes nine lessons learned and includes private industry and federal case studies for each.

Officials at agencies with a set federal architecture will better understand IT investment opportunities and their effects, the study said. Agencies without a defined architecture should take stock of their systems and their IT projects.

The report also found that agencies that integrate IT management with their budget processes have structures and processes for incorporating IT into the organization's wide-ranging plans.

Other subjects in the report cover differences between portfolio and project management, defining and communicating the objectives of an IT portfolio, and collecting and analyzing data to assess and fine-tune performance.

This is the first in a series of publications of examples and practical guidance for officials to manage and maintain their IT portfolios, the report said.

The study can be found at cio.gov.

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