3.3. IT Portfolio Management
IT portfolio management (ITPM) allows chief information officers (CIO) to track IT resources, determine which applications are used and measure the true cost of business initiatives [20]. This is the basis for a detailed analysis and decision making on managing business change initiatives in an organization.
ITPM is then a coordinated collection of strategic processes and decisions that together enable the most efficient trade-off between organizational change and business interests. Effective portfolio management leads to processes and behaviours that can be successfully delivered through investments to carry through change in the organization [23]. For this reason, we need to know how senior executives are managing their portfolios in their organizations.