The purpose of the Portfolio Management process is to decide the content of and resource allocation for the set of IT investments. It includes both long-term and large-scale, as well as short-term limited-scope opportunities, based on the strategic intent and priorities of the business.

This includes assessing all undertakings that consume resources (such as applications, services, and IT projects) in order to understand their value to the IT organization.

See definition of IT portfolio.

Outcomes

As a result of the successful implementation of this process:

• Customers participate in defining the IT Portfolio
• The strategic fit of IT investments to business intent and priorities is very well matched
• Business needs correlate very closely to IT expenditures
• The portfolio meets business needs
• The business receives maximum value from the IT Portfolio
   

Scope

Provide for the continuous identification, evaluation, selection, control, and life cycle management of the aggregate collection of IT investments 

Includes

• Cognizance of key business drivers to influence investment decisions
• Decisions on what programs and projects to fund, often in conjunction with any business or customer stakeholders
• Application portfolio management
• Identification of in-sourced, outsourced, business, and infrastructure applications and services to be included in the portfolio
• Determination of value obtained or projected from portfolio items
   

Excludes

• Execution of projects (Program and Project Management)
• Asset management
• Delivery of services (Operations category of processes)
• Service Level Management
• Customer Satisfaction Management