|
|
|
The ability to balance an entire portfolio provides you with the tools to end inefficient investments, eliminate redundant efforts, and prioritize investments. Portfolio managers must select only those investments that align most closely with corporate goals.
Organizations can invest in only so much work at any given time. Careful analysis must be conducted to help ensure that resources are optimally channeled to the best combination of investments.
You can manage your portfolio using the following recommended stages:
Create a detailed inventory in CA Clarity PPM of your investments according to name, length, remaining life, ROI, estimated costs, business objective, number of users, and benefits.
Study all present and possible investments and provide business cases and estimated costs to your company steering committee. The committee then determines which investments are aligned with the overall company objectives by evaluating their risk with respect to technology, change management, and resources. Those investments that meet the committee investment criteria are implemented.
Find the best combination of investments by categorizing and scoring them according to their alignment with your company objectives. First, establish the right metrics and models. Then, take steps to minimize errors and biases in inputs provided to those models. By doing so your company has a greater chance of estimating the value that is added by doing any proposed investment portfolio.
Implement all of the decisions made to add, continue, or cease investments. Actively manage the portfolio by monitoring and evaluating the investments against your company objectives. By doing so, your company can make timely decisions regarding ongoing investments and potential new investments.
| Copyright © 2011 CA. All rights reserved. | Tell Technical Publications how we can improve this information |