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Strategic IT Portfolio Management for Development of Innovative Competences
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Author(s): Dejan Petrovic (University of Belgrade, Serbia), Marko Mihic (University of Belgrade, Serbia)and Biljana Stošic (University of Belgrade, Serbia)
Copyright: 2009
Pages: 20
Source title:
Strategic Information Technology and Portfolio Management
Source Author(s)/Editor(s): Albert Wee Kwan Tan (National University of Singapore, Singapore)and Petros Theodorou (Athens University of Economics & Business, Greece)
DOI: 10.4018/978-1-59904-687-7.ch008
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Abstract
This chapter presents the concept of strategic information technology portfolio management for development of innovation competences in a project-oriented company. It is a specific type of portfolio management, called project portfolio management. The chapter begins with a strategic basis of projectoriented company, links it to the modern portfolio theory and then expands it into the IT project portfolio management (IT PPM). The role of the IT PPM is to ensure that the group of IT projects supports the achievement of the goals of the corporate strategy. The chapter takes into consideration the key aspects of IT - innovation relationship, and introduces the organizational support to the IT PPM – the Portfolio Management Office. An established PMO that is actively supported at the executive level can help solve problems with project auditing and initiative approval.
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