IT Portfolio Rationalization
Service Overview:
Many organizations, including some fortune 500 companies, have invested more than 50% of their capital in IT activities. Such investments include software or hardware or network items or other IT related devices. The IT investment is made to meet or support the business objectives. It is indispensable to ensure the IT investment is aligned with business objectives. IT is for business, and not Business for IT investments. IT should be considered as a supporting tool. If there is wide gap between IT investment and business objective, there could be wastage of cost, resources and time. According to latest research study, in most of the organizations the IT investment is not fully aligned with objectives of business organization. IT Portfolio Rationalization study deals with identifying and rectifying such misalignments. The outcome could be based on the detailed analysis of application portfolio and project portfolio.
What is IT Portfolio Rationalization?
IT Portfolio Rationalization is a disciplined methodological approach to manage IT investments to meet the investment objectives after tide over risk factors. IT portfolio rationalization management ensures business organization to measure and monitor the IT investments through well defined processes and business solutions framework for better decision making processes as set by corporate governance rules. IT Portfolio Management (ITPM) is a composition of Application Portfolio Management (APM) and Project Portfolio Management (PPM).
IT Portfolio Rationalization
Client's Business Objectives:
- To align IT spending with business strategies and priorities
- To ensure all processes of particular proposed department is fully covered by IT Applications/Projects
- To ensure projects and programs aligned with corporate strategic objectives
- To retire non-value added applications and projects
- To increase the ROI and reduce the TCO
- To ensure IT Spending towards maintenance and support costs reduced gradually
- To allocate resources to accelerate more important projects
IT Portfolio Rationalization
Why OptiRisk?
OptiRisk is having consultants with industry experience blended with IT experience, many graduated from IITs and IIMs. Their expertise can be leveraged to understand client's business related pain areas for viable business solutions. Our management consultants, with 25+ years rich experience in IT and Business Processes, ITPR assignments and management consulting, shall provide cost effective, ROI focused and holistic implementable solution.
IT Portfolio Rationalization
Benefits:
- Increased utilization of IT resources
- IT spending aligned with business objectives
- Reduced TCO of IT investments
- Better deployment of IT resources
- Improved ROI
IT Portfolio Rationalization
Tools and Techniques:
Our consultants use some of the following tools and techniques to meet the client business objectives:
- Application inventory Analysis
- General Application Information Analysis
- Application Cost Analysis
- Application Criticality Analysis
- Maintainability Analysis
- Problem Recognition and Recovery Analysis
- Application Complexity Analysis
- Application Stability Analysis
- Application Knowledge Availability Analysis
- Application Documentation Availability Analysis
- Application Enhancement Feasibility Analysis
- Application Reusability Analysis
- Application Architecture Fitment Analysis
- Application Risk Analysis
- Application Operational Performance Analysis
- Application Evaluation
- 4Rs- Decision Framework for Retain/Re-engineer/Replace/Retire of Applications
- General Project Inventory Analysis
- Project Cost Analysis
- Project Risk Analysis
- Project Performance Analysis
- Capitalizing Architecture and Technology
- 4Rs- Decision Framework for Retain, Re-prioritize, Retire, Re-engineering of Projects
- Business Solutions Framework(BSF)
IT Portfolio Rationalization
Business value:
OptiRisk guarantees the following business values on continuous basis when partner with clients.
- IT spending is aligned with business strategies and priorities
- Applications and Projects are aligned with corporate strategic objectives
- IT Spending towards maintenance and support costs reduced gradually
- Unutilized resources are reallocated for high value strategic projects
- Lower TCO(Total Cost of Ownership)
- Application and projects portfolios optimized
- Improved Bottom Line (Net Profit)
IT Portfolio Rationalization
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IT Portfolio Rationalization
Brochure:
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IT Portfolio Rationalization
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