How Successful Organizations Align Business with IT Using IT Portfolio Management and an IT Governance Framework

Aligning business and IT has been a challenge even for the most focused organizations. With multiple applications requiring continuous tuning and monitoring and multiple projects running simultaneously, organizations find it difficult to focus adequate attention on their value-added application and project portfolios. Most top executives also have limited insight into projects executed and the "value" these projects deliver.

IT Vendor Consolidation

“Purchasing must be supply management”. Nothing can be closer to truth than this statement in the current market scenario. For years together, companies blindly pursued the single biggest pill for all ills – IT outsourcing or more aptly – IT offshoring. Thrust with a plethora of choices, especially from our Indian ilk, clients reacted like a so-called prudent shopper.

Organizational Management and Maturity

Plan, work, optimize and become mature is a life cycle of an entrepreneurial conceptualization. Once a dream, can be nurtured into an organization very soon in today's vapor world. I call the world - `vapor` due to its dissolute property whereby technology evaporates fast. The ability of one to sustain against all odds gives it maturity. There are several obstacles against this cause and to sustain these makes one a true leader in today's markets.