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Portfolio Management

Portfolio management for software involves the management of a collection of software applications and projects within an organization. The portfolio may include both new development projects as well as ongoing maintenance and support for existing software applications. The primary goal of portfolio management is to ensure that the software portfolio aligns with the organization’s strategic goals, optimizes the use of resources, and delivers value to stakeholders.

Portfolio management for software typically involves the following activities:

  1. Portfolio planning: This involves identifying the software projects that will be included in the portfolio, defining the scope and objectives of each project, and prioritizing the projects based on their strategic importance and potential value.
  2. Resource allocation: This involves determining the resources (people, budget, infrastructure, etc.) required to execute each project, and allocating resources in a way that optimizes the portfolio’s overall performance.
  3. Risk management: This involves identifying and managing risks associated with each project and the portfolio as a whole. This may include managing technical risks, financial risks, and risks related to changes in the business environment.
  4. Performance monitoring and reporting: This involves tracking the progress of each project and the portfolio as a whole, and reporting on key performance indicators such as cost, schedule, quality, and stakeholder satisfaction.
  5. Portfolio optimization: This involves making adjustments to the portfolio based on changes in the business environment or other factors. This may include adding or removing projects, adjusting priorities, or reallocating resources.

Effective portfolio management for software can help organizations to achieve their strategic goals, improve resource utilization, reduce risk, and maximize the value of their software investments.

Overall

gantt
title Digital Transformation Journey
dateFormat YYYY-MM-DD
section Discovery
Collect Inventory of Legacy Apps :done, ila, 2020-01-01, 20d
Create Target Architecture :crit, done, tarch, 2020-01-07, 15d
Inventory of Target Apps :done, ita, 2020-01-18, 10d
Map to Target Apps :crit, active, mta, 2020-01-24, 7d