{"id":1448,"date":"2015-11-04T00:00:20","date_gmt":"2015-11-04T00:00:20","guid":{"rendered":"https:\/\/blog.planview.com\/?p=1448"},"modified":"2022-04-12T13:51:40","modified_gmt":"2022-04-12T18:51:40","slug":"achieving-best-class-technology-portfolio-management","status":"publish","type":"post","link":"https:\/\/blog.planview.com\/achieving-best-class-technology-portfolio-management\/","title":{"rendered":"Focus on Business, Not Technology"},"content":{"rendered":"<p>Technology Portfolio Management (TPM) has traditionally focused on reducing the cost and risk of IT through technology standardization and governing projects that alter the IT landscape. We have noticed a maturing trend as TPM moves beyond these fundamental tasks. While there are many factors contributing to this, there are three noteworthy themes we see fairly regularly in successful technology portfolio programs.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_80 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/blog.planview.com\/achieving-best-class-technology-portfolio-management\/#Focus_on_Business_Not_Technology\" >Focus on Business, Not Technology<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/blog.planview.com\/achieving-best-class-technology-portfolio-management\/#Purposefully_Manage_the_Life_of_Software\" >Purposefully Manage the Life of Software<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/blog.planview.com\/achieving-best-class-technology-portfolio-management\/#Put_Standards_into_Context\" >Put Standards into Context<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Focus_on_Business_Not_Technology\"><\/span>Focus on Business, Not Technology<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>TPM is about enabling a business to change as fast and often as needed. It\u2019s true you can take out costs and decrease certain kinds of risk by standardizing technology, but these benefits are hard to measure. In his 2005 CIO Magazine article (\u201c<a title=\"CIO Magazine article: A New Blueprint for the Enterprise\" href=\"https:\/\/www.cio.com\/article\/274739\/it-organization-a-new-blueprint-for-the-enterprise.html\" target=\"_blank\" rel=\"noopener\">A New Blueprint for the Enterprise<\/a>\u201d), Christopher Koch wrote, \u201cStandardizing, mapping and controlling IT assets does not make the business obviously more flexible, capable or profitable.\u201d This mirrors what we see in the field: best in class TPM programs become invaluable by providing business options that can be executed immediately. The ROI is tied to the outcome of the business change itself. Those kinds of options don\u2019t come from technology-centric teams; they come from teams that really know the business and how it operates. These teams have business conversations about technology, rather than technology conversations about \u201cthe business.\u201d<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Purposefully_Manage_the_Life_of_Software\"><\/span>Purposefully Manage the Life of Software<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Commercial software comes with published and knowable end of life dates, and vendors are constantly improving their products with new and better versions. Yet for many IT organizations, these milestones come and go unnoticed until prompted by the vendor\u2019s sales team, or even by the business itself (in the case of business software).<\/p>\n<p>Best in class TPM programs proactively manage the lifecycle for all the software they run, not just IT software. They treat business software as a first class resource that has its own lifespan and requires management. The expected out of support dates are documented and used to plan for required upgrades well in advance. The roadmaps for products\u2019 upcoming features and capabilities are studied and matched against strategic initiatives, and recommendations are made accordingly.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Put_Standards_into_Context\"><\/span>Put Standards into Context<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Is IT the \u201cdepartment of NO\u201d? One of my colleagues joked that \u201cthe problem with standards is, there are too many of them.\u201d We often see staff who are overwhelmed, trying to \u201cdo the right thing\u201d by picking the correct technology to specify or use in a project. But how does an organization benefit from standardization without sacrificing the innovation necessary to embark upon business changing projects and programs?<\/p>\n<p>Best in class programs recognize that context matters when deciding which standardization rules apply. They present standards as options to be evaluated in business terms, rather than an inflexible \u201cyou must choose from this list of approved technologies\u201d For example, try to group specific technologies with specific configurations and giving them a meaningful business-oriented name such as \u201cSecure Web Based Claim Tracking Engine\u201d. These kinds of packages, or \u201cdesign patterns\u201d as they are usually called, will provide your company with predictable implementation and running costs as well as a coherent support model.<\/p>\n<p>Want to see first-hand what Best in Class TPM looks like? Watch our latest Expert Brief Webcast, \u201c<a title=\"Webcast: How to Achieve Best in Class Technology Portfolio Management\" href=\"https:\/\/go.planview.com\/technology-portfolio-managment-webcast.html\" target=\"_blank\" rel=\"noopener\">How to Achieve Best in Class Technology Portfolio Management<\/a>.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Technology Portfolio Management (TPM) has traditionally focused on reducing the cost and risk of IT through technology standardization and governing projects that alter the IT landscape. We have noticed a maturing trend as TPM moves beyond these fundamental tasks. While there are many factors contributing to this, there are three noteworthy themes we see fairly&#8230;<\/p>\n","protected":false},"author":58,"featured_media":1449,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_editorskit_title_hidden":false,"_editorskit_reading_time":0,"_editorskit_is_block_options_detached":false,"_editorskit_block_options_position":"{}","footnotes":""},"categories":[435],"tags":[],"class_list":["post-1448","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-enterprise-architecture"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.8 (Yoast SEO v26.8) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Technology Portfolio Programs - Blog | Planview<\/title>\n<meta name=\"description\" content=\"What does best-in-class TPM look like? Learn about three noteworthy themes seen regularly in successful technology portfolio programs.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/blog.planview.com\/achieving-best-class-technology-portfolio-management\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Focus on Business, Not Technology\" \/>\n<meta property=\"og:description\" content=\"What does best-in-class TPM look like? Learn about three noteworthy themes seen regularly in successful technology portfolio programs.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/blog.planview.com\/achieving-best-class-technology-portfolio-management\/\" \/>\n<meta property=\"og:site_name\" content=\"Planview Blog\" \/>\n<meta property=\"article:publisher\" content=\"http:\/\/www.facebook.com\/pages\/Planview-Inc\/89422974772\" \/>\n<meta property=\"article:published_time\" content=\"2015-11-04T00:00:20+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-04-12T18:51:40+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/blog.planview.com\/wp-content\/uploads\/2016\/02\/achieving-best-in-class-750x400.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"750\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Jeff Ellerbee\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@TheJeffEllerbee\" \/>\n<meta name=\"twitter:site\" content=\"@Planview\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Jeff Ellerbee\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/blog.planview.com\/achieving-best-class-technology-portfolio-management\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/blog.planview.com\/achieving-best-class-technology-portfolio-management\/\"},\"author\":{\"name\":\"Jeff Ellerbee\",\"@id\":\"https:\/\/blog.planview.com\/#\/schema\/person\/8924340f80d1dad696e115bc62f2354b\"},\"headline\":\"Focus on Business, Not Technology\",\"datePublished\":\"2015-11-04T00:00:20+00:00\",\"dateModified\":\"2022-04-12T18:51:40+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/blog.planview.com\/achieving-best-class-technology-portfolio-management\/\"},\"wordCount\":538,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/blog.planview.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/blog.planview.com\/achieving-best-class-technology-portfolio-management\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/blog.planview.com\/wp-content\/uploads\/2016\/02\/achieving-best-in-class-750x400.jpg\",\"articleSection\":[\"Enterprise Architecture\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/blog.planview.com\/achieving-best-class-technology-portfolio-management\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/blog.planview.com\/achieving-best-class-technology-portfolio-management\/\",\"url\":\"https:\/\/blog.planview.com\/achieving-best-class-technology-portfolio-management\/\",\"name\":\"Technology Portfolio Programs - Blog | Planview\",\"isPartOf\":{\"@id\":\"https:\/\/blog.planview.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/blog.planview.com\/achieving-best-class-technology-portfolio-management\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/blog.planview.com\/achieving-best-class-technology-portfolio-management\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/blog.planview.com\/wp-content\/uploads\/2016\/02\/achieving-best-in-class-750x400.jpg\",\"datePublished\":\"2015-11-04T00:00:20+00:00\",\"dateModified\":\"2022-04-12T18:51:40+00:00\",\"description\":\"What does best-in-class TPM look like? 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