What is the primary goal of an IT Portfolio management strategy?

The primary goal of an IT Portfolio management strategy is to continuously evolve with time. This approach allows organizations to adapt to the rapidly changing technological landscape and emerging business needs. By actively managing and adjusting the IT portfolio, organizations can ensure that their investments align with current priorities and strategic goals, making it possible to integrate new technologies and methodologies as they become relevant.

Continuous evolution in IT portfolio management involves regular assessment of existing projects and investments, ensuring that resources are allocated to initiatives that add the most value. This iterative process helps organizations respond to shifts in market demands, technological advancements, and competitive pressures, ultimately leading to sustained organizational agility and effectiveness in meeting business objectives.