Best Practices for IT Steering Committee Prioritization

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The best option to prioritize proposed initiatives based on business objectives is project portfolio management (PPM).

PPM is a process that helps organizations evaluate, prioritize, and manage multiple projects or initiatives in a way that aligns with the overall business strategy. It enables IT steering committees to prioritize initiatives based on a variety of factors, such as their potential impact on the business, the expected return on investment, and the organization's ability to deliver them successfully.

IT strategic management focuses on developing and executing an overall IT strategy that aligns with the organization's goals and objectives. While it is important for IT steering committees to have a clear understanding of the organization's overall IT strategy, it may not be sufficient for prioritizing specific initiatives.

Project management focuses on planning, executing, and controlling individual projects. While project management is an important component of PPM, it does not provide the strategic perspective needed to prioritize multiple initiatives across the organization.

Enterprise architecture management (EAM) focuses on developing and maintaining an organization's IT architecture. While EAM is important for ensuring that IT systems are aligned with the organization's goals and objectives, it may not provide the business perspective needed to prioritize initiatives.

In conclusion, project portfolio management is the best option for enabling IT steering committees to prioritize proposed initiatives based on business objectives. It provides a strategic perspective that takes into account the organization's overall business strategy and enables IT steering committees to make informed decisions about which initiatives to pursue.