What is your experience of the value and importance of a portfolio management tool (i.e.. commercial software application) to help apply the processes and principles of Val IT?
Clearly the issues involved in establishing value governance and management processes and activities are significant. Portfolio management tools can be useful both in supporting analysis of investments, communicating investment decisions and monitoring the performance of investments. They can be particularly useful in quickly testing a number of different (what if) scenarios. They must, however, be used to support the processes and practices contained within Val IT, not in lieu of them. Any tool must be appropriate for the size and culture of an enterprise, and optimized for the enterprise’s specific needs. Users must trained in the principles and processes of Val IT, as well as the use of the tool to support those principles and processes.
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