IT has always been asked to do more with less—and as budgets tighten to support more expensive, high-value projects, little is left for companies to manage their portfolio of products and services. In today’s digital-first world, technology and business initiatives are converging fast, forcing CIOs and other IT leaders to widen their spectrum of capabilities and ensure demand and portfolio management services are applied across all sectors of the organization.
Portfolio and demand management is about more than just managing projects. It enables IT to balance short- and long-term initiatives quickly and efficiently, align IT with business strategies, and optimize a company’s use of its digital resources to deliver value where the business needs it most. Today, organizations with a strong portfolio and demand management strategy can ensure IT effectively supports their business objectives by analyzing and applying their services against projects in their portfolio, from governance and M&A integrations to establishing organization-wide standards and reporting for EPMOs.
Demand and Portfolio Management
Our Wavestone experts know that strong demand and portfolio management starts with looking at portfolio projects and activities as services and not assets. We can also help you create a team of IT specialists solely dedicated to leading and monitoring these efforts. From there, IT leaders can combine related services and use them strategically, tactically, and operationally to define company IT objectives, realize true IT costs, allocate services where needed, and maximize real, lasting business value.