As many as 75% of IT organizations have little oversight over their project portfolios and employ non-repeatable, chaotic planning processes. This typically leads to the wrong projects receiving priority and funding, coupled with the increased costs and risks that come with poor planning. IT portfolio management offers one solution to this problem.

IT portfolio management is the application of a system of portfolio management methods and tools to the work managed by an IT team. This work includes projects and other planned initiatives, but also includes ongoing services like application or technical support. The promise of IT portfolio management is the quantification of IT efforts, enabling measurement and objective evaluation of IT investments in addition to alignment with business strategy.