Portfolio Management

As customer needs evolve and technology advances, companies are faced with difficult decisions about where to invest in Information Technology (IT).  Confronted with a number of competing business priorities, limited IT budget and limited resources, business and IT must work together to select the IT investments that will maximize  benefits to the company.   Portfolio Management is the process and structure used by business and IT to prioritize, select, manage and track investments in the IT portfolio.

One of the key values of Portfolio Management is the strategic alignment of the business and IT.  When the business and IT work together to prioritize and select IT investments, this ensures the most important challenges are being addressed.  This greatly enhances the organization’s ability to be agile, respond to changing market conditions and deliver quick wins thereby maximizing the return on IT investments.  Portfolio Management also provides value in delivery capabilities by enabling the central oversight of IT spending, improving risk management visibility, standardizing the investment processes and rules, highlighting key program / project dependencies and enhancing resource demand / capacity planning.

NouvEON provides a full range of Portfolio Management services.  We offer highly experienced resources to meet your specific needs.  If you are looking to set up a Portfolio Management process, NouvEON can help you to define your structure & processes, select & implement a Portfolio Management tool, build reporting capabilities and integrate with other applications (e.g. financial systems).  If you have an existing Portfolio Management process in place, NouvEON can review and assess your current structure & processes to make improvement suggestions.  NouvEON can also provide highly experienced program and project managers to expand the delivery capacity of the portfolio initiatives.  Throughout it all, we can provide the necessary communication and change management functions to ensure an efficient and effective implementation of the changes to the portfolio management process.  

Portfolio Management Solutions include:

§  Define your Portfolio Management Structure & Processes
§  Assess current Portfolio Management processes structure and tools
§  Select & Implement a Portfolio Management tool
§  Build the Portfolio Management Reporting Process and Capabilities
§  Integrate the Portfolio Management tool with other applications