A new chief information officer (CIO) of an enterprise recommends implementing portfolio management after realizing there is no process in place for evaluating investments prior to selection.
What should be the PRIMARY strategic goal driving this decision?
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A. B. C. D.B.
The primary strategic goal driving the decision to implement portfolio management in an enterprise should be to maximize the value from the combined investments (option C). Portfolio management is a systematic approach to selecting, prioritizing, and managing an organization's investments to achieve strategic objectives.
By implementing portfolio management, the enterprise can better align its investments to its overall strategic objectives and maximize the value that it derives from its investments. The process of portfolio management involves evaluating investment opportunities based on their potential returns and risks, and selecting the investments that will generate the highest returns for the enterprise while minimizing risk.
The other options (A, B, and D) are all important aspects of portfolio management, but they are secondary to the primary goal of maximizing the value from investments. Standardizing the process for investment evaluation (option A) is important to ensure that all investment opportunities are evaluated consistently and objectively. Aligning investments to the enterprise architecture (option B) is also important to ensure that investments are compatible with the organization's technology infrastructure and strategic direction. Finally, enabling transparency within the investment process (option D) is important to promote accountability and visibility into the investment decision-making process.
In summary, the primary strategic goal driving the decision to implement portfolio management should be to maximize the value from the combined investments, with standardizing investment evaluation processes, aligning investments to the enterprise architecture, and enabling transparency being important secondary goals.