What Does IT Portfolio Management Mean?
IT portfolio management is the process of supervising and maintaining the entire pool of IT resources across an enterprise in terms of their investment and financial viability.
IT portfolio management takes into account all the current and planned IT resources and provides a framework for analyzing, planning and executing IT portfolio’s throughout the organization. IT portfolio management exists to create, provide and measure business value of IT.
Techopedia Explains IT Portfolio Management
IT portfolio management is built around tools that measure data such as the costs, risks and benefits associated with the implementation of certain IT resources spread throughout the enterprise. The portfolio development procedure start with the analysis, planning, creating, assessing and balancing within three key areas: application, infrastructure and project portfolios.
These different portfolios are compromised of all the different resources that are part of the primary domain. For example, the infrastructure portfolio management is built up of all core infrastructure related resource and services including systems, servers, storage, networks etc and deals with factors that will ensure the availability and manageability of these portfolio items and how they are beneficial in terms of their overall investment or financial value for an organization.