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How well is your IT portfolio governed?

Posted By Richard Hawes, Wednesday, November 05, 2014
With an increasing focus on aligning IT with the business, the subject of IT governance is
growing in significance in IT organizations worldwide. Many are still struggling to deliver new IT services on time, on-budget and with a
positive return on investment (ROI). Organizational silos are getting in the way of the end-to-end optimization of the IT portfolio.             


IT organizations often turn to Project and Portfolio Management (PPM) systems as a key component in governance management. Forty percent of customers recently surveyed said they were using PPM for strategic or investment planning. At HP, we see a PPM system as much more than just a project management tool. A comprehensive PPM system can add governance by providing a unified approach to portfolio planning. PPM manages and controls changes to the portfolio from an original proposal, through the decision to start a project, through the execution of that project to evaluating the result in terms of timeliness, budget achievement and return on investment.

Click HERE to learn more!

Governance in an energy utility

Governance in the energy business is critical – but it wasn’t always a factor for IT. After going through multiple acquisitions, a large energy company was left with a huge application footprint and a lack of traceability of the application portfolio. This led to inefficiencies in governing the application landscape and aligning business initiatives with IT applications at an enterprise level. They employed a combination of 500 people using HP PPM, 2500 applications tracked in HP Application Portfolio Management and standardized cross-portfolio analytics through the HP IT Executive Scorecard.


The result was much better control over the application onboarding process, the tracking of application business value as input to the rationalization of applications, and the decommissioning of applications with low business value enabling them to target savings of $50M within two years.


In the last Vivit InForum News we told you about HP releasing a new version of HP PPM which, among other things, lays the foundation for leveraging Big Data in your portfolio reporting and decision-making process. You can hear more about that release in this Vivit webinar. Big Data will become a major factor in enabling new levels of analytics and governance over all the portfolios that IT is managing – going beyond the project portfolio and encompassing portfolios of vendors, the application and service portfolios, infrastructure portfolios and more.


Plan, Build, Run

There is a flurry of activity in IT today around increased collaboration between the Build and Run teams under the banner of DevOps. At HP we are creating a single planning function on a big data foundation and DevOps philosophy that brings together the desired-versus-present states into a closed loop system. Thanks to the highly integrated nature of HP’s approach to planning under PPM you can bring strategy and execution together for ‘PlanDevOps’.


Visit us to find out how HP PPM can deliver a well-governed approach to managing your portfolio.


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