Responsibility for Maintaining a List of Potential IT Initiatives

D.

The responsibility for maintaining a list of all potential IT initiatives for implementing the business strategy should lie with the portfolio management function. Portfolio management is the process of managing an organization's collection of projects, programs, and other initiatives that aim to achieve specific strategic objectives. The portfolio management function is responsible for ensuring that all initiatives within the organization align with the overall business strategy and that they deliver the expected benefits.

By maintaining a comprehensive list of potential IT initiatives, the portfolio management function can help ensure that the organization's resources are being utilized effectively and efficiently. This list can include all proposed IT initiatives, including those suggested by individual business units or the executive leadership team. The portfolio management function can then evaluate these initiatives against the organization's strategic objectives, financial constraints, and risk appetite to determine which ones should be pursued.

The individual business units may also have ideas for IT initiatives that could help them achieve their specific goals. However, it is the responsibility of the portfolio management function to evaluate these proposals in the context of the organization's overall strategy and prioritize them accordingly.

While the CEO and COO may have input into the organization's strategic direction and the initiatives that should be pursued, the day-to-day responsibility for maintaining a list of potential IT initiatives should not fall to them. This is the role of the portfolio management function, which should work closely with senior leadership to ensure that IT initiatives support the organization's overall goals and objectives.