Portfolio Management
The core concept behind portfolio management is mapping needed capabilities to software systems that support those capabilities and actively managing how those capabilities are provided. The historic norm has been for companies to acquire a variety of IT systems in a haphazard manner. As a company discovered it needed a new capability; the company went out and purchased a new IT system or created a new system that could provide that capability. The alternative became to buy a massive system that in theory provided all the capabilities the company would ever need but in practice never did.
A portfolio management approach is different in that it recognizes that there will never be one system that meets all needs and that the ...
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